US imposes new tariffs on China

A container ship is unloaded at the Virginia International Gateway terminal in Norfolk, Va., on May 10, 2019. (Photo by AP)

When the Second World War came to an end in 1945, America began spearheading efforts towards a liberal global trading system.

It meant a lot less government control over trade and more economic growth. But things seem to be changing now with the US apparently abandoning the leadership of global economy.


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