US-China trade spat: global economy may suffer

The two biggest economies of the world – the US and China – should resolve their disputes amicably so that the global economy may not suffer and developing economies are not forced to bear the burden of trade-cum-tech war. Any protectionist approach from the US will not benefit the world. The US has to blame itself for the tit-for-tat actions taken by China recently as the trade war seems to be heating up ahead of US President-elect Donald Trump's inauguration next month. It is quite interesting that Trump has invited Chinese President Xi Jinping to attend his inauguration in January and hopefully both will have a high-level engagement on the sidelines of the occasion. So far, Trump has adopted a hawkish stance against China and has promised to impose even heavier sanctions as well as a whopping 60% tariff on all Chinese goods.