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The Trade War between China and USA is upgrading. It started from the anti-dumping investigation, to increased countervailing tariff until USA added Chinese enterprises into boycott list, starting the diplomatic issues.
A pupil of mine asked me, “Why does it have to be a trade war?”
Obviously it is a complicated issue and today we try to apply a different perspective into this matter, the perspective of trade.
We will talk about:
1. What is Absolute advantage?
2. What is comparative advantage?
3. Why did the Opium War break out between China and UK?
4. Why did the Trade War break out between China and USA?