After the end of World War II, the gateway for world trade opened for China, Brazil, India and other countries. The monopoly of England and America came to an end. Now that China is trying to have dominance over the world trade, there is a possibility of severe clash between the leading nations of world trade. China is expanding and establishing its power center wherever possible and it has raised alarm for the previously developed countries, mainly for America. The Trans-Pacific –Partnership does not seem enough to face the growing power of China. US and Europe are also witnessing a flow of nationalism and a continuous objection against ‘free trade’; the agenda of Donald Trump and Brexit prove that. If a global trade war happens like that of 1930, the poor race will face the blow of the economic depression.
#global trade war
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