The world is witnessing a fierce trade conflict between the US and China. It all started in January last year when US President Donald Trump ordered a ‘section 301’ enquiry against China for intellectual property theft. Under this section, the American president can take all appropriate action, including retaliation, to obtain the removal of any act, policy, or practice of a foreign government that violates an international trade agreement or is unjustified, unreasonable, or discriminatory, and that burdens or restricts US commerce.
