The USA and China, the world's largest economic powers, have been
engaging in trade war since January 2018. The impact of this trade
war is felt not only by US and China but also by other economies
who have economic ties with them. This book provides insights into
damages caused by this trade war. The first section of the book
looks at the impact of the trade war on the global economy. It goes
deeper to examine the trade war impact on the South Asian region.
It is well-known that any imposition of new tariffs or an increase
in existing tariffs would make imports more costly and render the
exported goods less competitive. Yet, the book posits that the
trade war has provided a window of opportunity to other countries
not caught in it. The South Asian region, with countries like
Bangladesh, India and Sri Lanka, has actually reaped benefits from
the widening trade dispute between the world's two biggest
economies. This book will be a useful reference to help
policymakers to undertake informed decisions and initiate programs
to minimise the trade war impact.
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