US has launched a trade war with CHINA

World's two biggest economies are now at war over trade Officially. China said United States of firing the first shot on Friday when the White House said that it would impose tariffs of 25% on $50 billion worth of Chinese goods.
US president said the new tariffs, which will start to take effect on July 6, were designed to punish China for the theft of American intellectual property and technology.

 Chinese government said it would respond in kind to the US tariffs, which will apply to roughly 1,100 exports and will target China's aerospace, robotics, manufacturing and auto industries.

Chinese have been told to stop buying all US products like iPhone and stop using any US made applications with immediate affect.