History shows it ain't that easy to win a trade war

China is used to bearing the brunt of Washington's beggar-thy-neighbor trade protection measures. But now, as the United States threatens to impose high tariffs on imported steel and aluminum products across the board, all its major trade partners will feel the pain, which would lead to a series of repercussions that will affect the US' own interest, disrupt the global trade order, and ultimately risk derailing the world economy.

Since US President Donald Trump announced the tariff plan, many of the country's biggest trade partners, including some of its traditional allies, have protested strongly against the move and warned they will take countermeasures.

Brazil has already filed a protest with the World Trade Organization against the proposed tariffs and urged the White House to reconsider them.