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Under the garb of a trade war, this is a high-stakes strategic conflict between a power which wants to preserve the status quo in its favour and one which wants to usurp that throne.
The unilateral tariff imposition by the United States on various countries has started a trade war that threatens to adversely affect the world’s major economies. This paper finds that no country, including the US itself, is likely to benefit from a tariff war. In India, some analysts had expected that the country’s export penetration in the US and elsewhere will increase, as China loses out. An analysis of trade data, however, shows that whi
