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Introduction:
Trade war is a situation where countries restrict each other’s trade by imposing tariff or quota on imports. Trade tensions are a manifestation of the strategic competition between the two countries China and USA. US had imposed tariffs on as much as 25 percent on $34 billion in Chinese imports. China responded with retaliatory tariffs of 25% on US goods worth an equivalent $34 billion, including soybean, automobiles, and marine products such as lobsters.
Body:
There is now a changing trend in the approaches to the Trade wars:
It appears that the background battle between American and Chinese intelligence agencies for hegemony over sensitive data is yet another frontier in the ongoing US-China trade war.
Conclusion:
As the experts proclaim, Data is the new oil and the future trade wars will be fought over the data. The ease of crippling another nation without any collateral damage makes Cyber-war a lucrative option for many countries. With the US-China trade war currently reducing on a direct front is changing its form into a data war.
By: ABHISHEK KUMAR GARG ProfileResourcesReport error
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