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US and China being at each other’s throats over trade practices has sent global markets into a tizzy. The tit-for-tat measures and counter-measures of imposing tariffs on each other’s goods have made the possibility of a trade war very real. It is a fact that the entire global trading system would be in jeopardy, if a trade war between the two happens. The Dollar Business looks into the possibility of a trade war, besides figuring out what is at stake for developing countries like India and the role institutions like WTO can play in the current situation.

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