• Aleena Francis

A trade war starts when a nation, in an attempt to protect its domestic industry, impose tariffs or quotas on its imports and the foreign nations retaliate on similar lines of protectionism. "Trade Wars are good and easy to win" said American President Donald Trump. But the global stock markets disagreed as the value of stocks plummeted as investors feared the onset of a war between the three largest world economies. President Trump's announcement of additional tariffs on steel imports from China, a potential military rival, was mainly a measure to curtail its dependence on imported metals threatening its ability to make weapons. Trump also announced double tariffs on aluminium and steel imports from Turkey to obtain the release of a jailed American citizen. Many Economists have been citing similarities between Trump's new measures of protectionism and Smoot Hawley of 1930. If the observations of these economists are correct, we are heading towards another World War. Since China is in the process of replacing its Soy imports from US with that of Brazil, the exports have doubled since September 2017. A fundamental realignment in the global supply chain is underway. The Brazilian forests have become casualties of the ongoing trade war between US and China. A survey conducted by the World Economic Forum among 1000 experts and decision makers revealed that environmental risks are at the top of their list of worries. Biodiversity loss, extreme weather conditions etc. have been assessed as high-impact and high-likelihood risks. This shouldn't be surprising after a year of wildfires, heavy flooding, and increasing greenhouse gas emissions.

Trade Wars, Environmental risks, Climate change

"Interconnected and Inbound: Trade Wars, Real Wars, and the War against Climate Change", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.6, Issue 4, page no.186-188, April-2019, Available :http://www.jetir.org/papers/JETIR1904025.pdf

"Interconnected and Inbound: Trade Wars, Real Wars, and the War against Climate Change", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.6, Issue 4, page no. pp186-188, April-2019, Available at : http://www.jetir.org/papers/JETIR1904025.pdf