Not afraid of trade war but this is not our objective:US
Last week, Donald Trump initiated a series of actions against unfair trade practices of China, including taking steps to impose additional tariffs on a number of Chinese items amounting to USD 60 billion. The US has trade deficit of USD 500 billion per annum. China has said it would retaliate
US Treasury Secretary Steven Mnuchin said the recent actions by the Trump administration is unlikely to have a big impact on the market. Image source: PTI