Trade war and its impact on Pakistan

Abstract

Two significant players in the world economic order – the US and China – are trapped in a predictably long and exceptionally serious trade war, one that could have a genuine threat to the global economy. This project is related to the current on-going Trade War between US-China as well as Pakistan-India and its impact on Pakistan. Trade War between US-China started in July 2018 when US President Donald Trump announced 25% tariff on all Chinese Product and later on banned Huawei Company in the US which caused major trade disturbance between two major economic order players which later on caused an economic problem for other countries including England, Indonesia, Pakistan, etc. Pakistan and India trade war started in 2019 after a terrorist attack by a Kashmiri person on Indian Army convoy in India occupied Kashmir which was later labeled as a terror attack done by Pakistan and later on two countries retaliated against one another in February which then closed all trade possibilities with India. The main purpose of this report is to show the current relationship of Pakistan with the US, China, and India regarding trade and to show the impact of the trade war on Pakistan's economy in the long run.