Trade War and Malaysia Airlines Flight 370 Search

SOURCE www.nbcnews.com
China to impose 34% tariff on all U.S. imports, Malaysia Airlines Flight 370 search suspended due to poor weather conditions until end of year.

Key Points

  • China imposing 34% tariff on U.S. imports
  • Search for Malaysia Airlines Flight 370 suspended till end of year due to poor weather conditions
  • Ocean Infinity to resume search in new location in southern Indian Ocean

Pros

  • China taking action to protect its economy
  • Resumption of Malaysia Airlines Flight 370 search

Cons

  • Potential negative impact on U.S. economy
  • Long delay in search operation