Chapter 6Cyber and Financial CrimesRuling the High Seas
The global pandemic started in Wuhan and killed more than 340,000 Americans compared to 4,600 Chinese in 2020. It pushed the top ten world economies, barring China, into negative economic growth. A trade war has been going on between the two largest economies of the world since 2017, with then US President Donald Trump accusing China of dumping low-cost goods with the intent of destroying American industries. When a foreign supplier sells goods at prices lower than they charge in their domestic market, the US and many other nations levy an antidumping duty or protectionist tariff on imports to ensure that the goods are not sold below a fair market value. The ...
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