Different trade wars are needed

A global trade war has broken out. The US fired the first salvo and there has been retaliation by the European Union, Canada, China and even India. Tariffs on certain imported goods have been increased in a tit-for-tat reaction. Analysts see it as a limited war in the understanding that Donald Trump is all for “free trade”. But this view denies the fact that a tectonic shift is taking place in the world. It is a war for ascendency to global leadership; a contest between the US and China.

China is heaving its might on the world. President Xi Jinping’s