US vs China trade war projected to drag global economy into recession

In this June 29, 2019, file photo, U.S. President Donald Trump, left, shakes hands with Chinese President Xi Jinping during a meeting on the sidelines of the G-20 summit in Osaka, western Japan. The ongoing sharp deterioration in U.S.-China ties poses risks to both countries and the rest of the world. [AFP]

In a normal year, the Easter season would be a time for businesses to reap big as consumers loosen their wallets to make merry as they reflect on the crucifixion of Christ. This year however, it appears things will be significantly different due the uncertainty posed by the unprecedented Trumps tariffs on US imports.

Many of the US trading partners and allies have been measured in their response to President Donald Trump's unprovoked aggression. However, it is China's rebuttal that is unravelling how the Chinese strategically established themselves not only as the world's factory, but also got interwoven into the global trading system without anyone noticing. While the rest of the world got hooked into the US dominated social media and e-commerce system, the Chinese developed and perfected their own systems that they are now deploying to inflict maximum pain to their opponent.