The **U.S.-China trade war** began in 2018 under the Trump administration and has had significant global economic repercussions. Here’s a breakdown of key aspects: ### **Causes of the Trade War** 1. **Trade Imbalance** – The U.S. had a large trade deficit with China ($375 billion in 2017). 2. **Intellectual Property (IP) Theft** – The U.S. accused China of forced technology transfers and IP theft. 3. **"Made in China 2025"** – China’s industrial policy aimed at dominating high-tech sectors (AI, robotics, semiconductors) raised concerns in the U.S. 4. **National Security Fears** – U.S. saw China’s rise in tech (e.g., Huawei, semiconductors) as a security threat. ### **Key Events** - **2018**: U.S. imposed tariffs on $50B of Chinese goods (later expanded to $250B); China retaliated with tariffs on U.S. goods (soybeans, autos). - **2019**: Escalation continued, with U.S. tariffs reaching up to **25%** on $550B of Chinese imports; China retaliated with tariffs and non-tariff barr...
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Karnataka is currently grappling with a significant microfinance crisis, marked by widespread reports of harassment and exploitation by microfinance institutions (MFIs), particularly targeting vulnerable populations. These institutions have been accused of employing aggressive recovery tactics, including coercion and intimidation, leading to severe consequences such as mass migrations and suicides among affected communities. In districts like Kodagu, Haveri, and Chamarajanagar, numerous families have abandoned their homes to escape relentless harassment from MFI agents. These agents often charge exorbitant interest rates and resort to extreme measures to recover loans, exacerbating the financial and emotional distress of borrowers. The crisis has prompted public outcry and demands for government intervention. In Haveri district, women have initiated the 'Save Mangalya Sara' campaign, sending mangalsutras to Chief Minister Siddaramaiah to highlight their plight and seek immedi...
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