When two tribes go to war: The US, China and the mother of all trade battles
A trade war between the US and China seems increasingly inevitable. Could it send the world economy into another nosedive, barely a decade after the last crash? And what consequences would Ireland face?
QINGDAO, CHINA - FEBRUARY 14: Shipping containers sit stacked at Qingdao Port after snow on February 14, 2019 in Qingdao, Shandong Province of China. Total goods trade of China's export and import rose 8.7 percent year on year in January to 2.73 trillion yuan (about 395.98 billion U.S. dollars), the General Administration of Customs said on Thursday. (Photo by VCG/VCG via Getty Images)
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Eoin O'Hara
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Employees and Smartphones seen on the assembly line at the OnePlus manufacturing facility in Dongguan, China, on Thursday, Dec. 17, 2015. OnePlus is part of a crop of upstart Chinese companies that are intensifying competition throughout the industry and crushing profit at established giants such as HTC Corp. and Samsung Electronics Co. (photo by Qilai Shen/In Pictures via Getty Images Images)
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Eoin O'Hara
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Traders react after the closing bell at the New York Stock Exchange (NYSE) on August 5, 2019 at Wall Street in New York City. - Wall Street stocks plunged after a forceful response by Beijing to the latest US tariff announcement escalated an ongoing trade war, exacerbating global growth worries. (Photo by Johannes EISELE / AFP) (Photo credit should read JOHANNES EISELE/AFP/Getty Images)
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Eoin O'Hara
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LIANYUNGANG, CHINA - APRIL 03: Cars sit parked before shipping abroad at a port on April 3, 2019 in Lianyungang, Jiangsu Province of China. According to the National Bureau of Statistics (NBS) on Sunday, China's manufacturing Purchasing Managers' Index (PMI) in March reaches 50.5%, up from 49.2% in February. (Photo by Wang Chun/VCG via Getty Images)
Photo by
Eoin O'Hara
