Trade war is accelerating the decline of US empire as dominance of China and India grows. US influence on the global economy has been gradually falling, and emerging economies like China and India can overtake the US as global leaders.
US is likely to be the biggest loser from the trade war it started. The Europeans would trade more with Asia, and the Asians would trade more with Europe than the US. Trade will be encouraged between the emerging economies and China.
The trade war will also beneficial for Russia and China as the two will likely engage in increased bilateral trades.
Did Trump sabotage himself?
It will be interesting to see Trump's next move, as trade war seems unfavourable to him at the moment.
Article credit: https://www.rt.com/business/433854-trade-war-to-accelerate-decline/
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