US-China Trade War: Impact on Sustainable Development in Developing Nations with particular reference to South Asia

Abstract

The ongoing trade war between the U.S. and China has devastating effects on the developing nations. The trade war is nothing but damaging another country's trade by imposing tariffs and trade barriers on other goods. The impact of this trade war is more intensive to the economy of those nations that are all more integrated with the global economy. The developing countries are most affected by this ongoing trade war between the U.S. and China. Its effects are not only limited to the economic slowdown, but at the same time, it hampers the environment a lot. The trade war is affecting the forest reserve of the amazon basin and the sub-Saharan desert, which is known as the lung of earth. At the same time, excessive industrialization causes wide-scale deforestation and desertification in developing and developed countries due to the rise of carbon. This study mainly focuses on the US-China trade war and its impact on the economies of the developing nations with the particular reference of south Asian countries. Meanwhile, this research work will also analyze its adverse effects on the environment.