Following the latest round of trade negotiations between US and China failing to reach any agreement, US had imposed $200 billion worth tariff hikes on goods and services imported from China. Trump also warned that if China retaliates, he will impose more stringent tariff hikes. Rejecting his threats, now China has hit back imposing tariff hike on $60 billion worth US goods.
Along with imposing sanctions against Venezuela and Iran, strictly banning sales of petroleum products, and threatening all countries against purchasing petroleum from them, Trump has taken a hawkish stand intensifying the contradictions among the imperialist countries, as well as the contradiction of US with all dependent countries like India.
This intensifying trade war is going to further increase the plunder of the oppressed peoples all over the world. It is going to be a challenge before the govts. of India like countries whether they will succumb to the dictates of the imperialist powers as the Modi govt does, or resist them, taking a self-reliant stand! n