An all-out war has begun between China and the United States to maintain the dream of the only superpower in the world. In this regard, it is reported that in response to Ghazal, China has also sounded the trumpet of war after imposing an 84% tariff. But the biggest development that has happened is that China has ordered its central bank to immediately stop the “purchasing” of the dollar and to sell the dollar against the yuan because the US dollar has currently reached its highest price in twenty years against the yuan and it is obvious that the yuan has weakened, at this time the exchange rate is fluctuating. If we look into the past, even Arab countries and Russia had started keeping the yuan as a reserve currency.
When the yuan weakens, it will be very dangerous for imports because China also buys goods from all over the world. In this way, the weak yuan and global trust are deteriorating. In this context, China has ordered the central bank not to buy dollars in the future and to sell the dollars that are lying around. In this way, an economic war has started in the world, which has created chaos. Stock markets are crashing, Donald Trump has also announced that he will impose tariffs on the pharmaceutical industry. If we look at this situation, the pharmaceutical industry is also dying, its shares are also falling and its market is also crashing. In the latest situation, from India to Europe, the shares of all the pharmaceutical industries whose medicines go to the foreign markets have also fallen.
This is a big shock and certainly no one was prepared to deal with this situation. If you recall the previous era, Trump had said that if China takes over Taiwan, we will impose a 100% tariff on China and in this context, the US has imposed a tariff of 104% and now 125% on China, meaning that China has not taken over Taiwan yet, but the tariff has been implemented. The European Union has also reacted by announcing tariffs on US products worth twenty billion euros. Meanwhile, the US is trying to delist the stocks of Chinese companies in the US stock markets. Imagine what will happen to those who have invested billions of dollars in the US to buy these Chinese shares when China's stocks are removed.
On the other hand, China has also announced that the time has come for the death of the US dollar and if Trump's intentions are seen, Trump will not stop now and he will cross every limit and that every limit is that Trump will try to hit anyone who stands with China brick by brick. Wherever China's road infrastructure is or wherever Chinese products go, he will try to stop it. China has issued an alert to all its citizens in the US that since an economic war has broken out and what direction it may take, citizens may also be harmed.
The United States has taken steps to stop China's economic monopoly in the world, but the United States itself is still under its grip. The US Dow Jones Industrial Average fell by 5.50%, which is said to be the biggest decline in recent years.
The S&P 500 index has fallen by 6%, while the technology-related Nasdaq index has fallen by 5.73%. Thus, the US market has lost a market cap of $9 trillion at the beginning of Trump's presidency. Trump's friend Elon Musk is also under this pressure, and his company Tesla, which makes electric cars, has suffered a loss of $8 billion. This has also led to protests against US President Trump around the world. Due to this, Trump took a U-turn and postponed this tariff for 90 days. In view of the possible occupation of Taiwan, the United States is also trying to increase its naval power. Who will be the loser in this economic global war between China and the United States? Time will tell, but the big battle between world powers is economics. Unlike the US, China has focused most on strengthening its economy without militarily engaging with any global or regional power, including the US and India. As a result, it has succeeded in creating a large market for its products in the rest of the world as well as in its biggest ideological rival, the US.
