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Hello and welcome to World Business Report from the BBC World Service.
Namaste, I'm Divina Gupta and I'm joining you from Delhi.
On this edition, two economies and a trade war.
As the US and China clash over tariffs on goods, we find out how it's impacting their economies and global businesses.
And what if your country ran out of workers?
With birth rates hitting record lows, South Korea is scrambling to find people to work in their industries.
The Korean economy will not survive even a day if there's no immigrant workers.
The real question is whether we should have even more immigrant workers or less.
More on that in just a bit, but let's dig in.
It's a high-stakes standoff between the world's two biggest economies.
And it's getting personal.
Here's the story so far.
Just months into his presidency, US President Donald Trump hit the ground running with more tariffs on Chinese imports.
Last week, China hit back with tit for tat levies on US goods.
But President Trump didn't like that.
With China, as you know, against my statement,
they put a 34% tariff on above what their ridiculous tariffs were already.
And I said if that tariff isn't removed by tomorrow at 12 o'clock,
we're putting a 50% tariff on above the tariffs that we put on.