The United States and China have been in a tussle for almost a year. China has recently been blamed by the USA for not informing the world about the true numbers of the Corona pandemic. Additionally, the USA imposed a number of trade-related restrictions on China in reciprocity with China. In this scenario, it is important to note that there is most likely to be a major impact on trade among the developing and developed worlds. China is working on the One belt, One road initiative that will connect Eurasia for greater trade opportunities. Trump, on the other hand, has opted for nationalist policies, which will impact the benefits of globalization.