Maxis Berhad / Nur Nadhirah Mohamed Ismi ... [et al.]

Recently, the mass media was shaken by the news of US-China trade war. Both countries have set tariff for exports and imports. US has recently charged tariff on Chinese imports such as shoes and foods. However, China respond by also setting tariff on US’s crude palm oil. In this issue, it could affect US’s economy if this trade war is still going on. This trade war has affected many brands, imports and exports. For example, this trade war has caused US to blacklist Huawei as the brand is leading in the technology industry since there are rumours that 5G technology will be implemented in the product of the company. This trade war has also caused the nation of both countries to suffer. This is because, increase in tariff means increase in tax. When the percentage of tax increase, the price of goods will also increase and it will eventually make consumer’s spending to decrease, hence, slow economic growth. This issue is very crucial for both countries as it has already affected the nation and economies as well as the world since both countries are market leaders.