To what extent did US-China trade war affect the global economy
This research paper discusses the impacts on the global economy and international market affected by the US and China trade war, which started in 2018-19. Led by the previous president of the US, Donald Trump, succeeded by the current president Joe Biden, trade protectionism was brought out to restr...
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| Format: | Article |
| Language: | English |
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EDP Sciences
2024-01-01
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| Series: | SHS Web of Conferences |
| Online Access: | https://www.shs-conferences.org/articles/shsconf/pdf/2024/01/shsconf_icdeba2023_03017.pdf |
| _version_ | 1797343389738336256 |
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| author | Su Qi |
| author_facet | Su Qi |
| author_sort | Su Qi |
| collection | DOAJ |
| description | This research paper discusses the impacts on the global economy and international market affected by the US and China trade war, which started in 2018-19. Led by the previous president of the US, Donald Trump, succeeded by the current president Joe Biden, trade protectionism was brought out to restrict Chinese exports to the US. Due to political, social, economic, and many other factors, both US and China ended up imposing additional tariffs on each other’s imports and setting up more and more restrictions on the international market. These imposed trade barriers between the two major economies in the world significantly influenced the two countries themselves, other bystander economies, and the international market balance. The paper discusses and reveals how the economic conflict affects US and China, both consequences and benefits, and how some countries found opportunities from this conflict, and some resulted in losses. Suggestions for possible solutions which each government can take are also being explained. |
| first_indexed | 2024-03-08T10:46:53Z |
| format | Article |
| id | doaj.art-1464ee6a7cfa4a12b3fb57d70a8a6580 |
| institution | Directory Open Access Journal |
| issn | 2261-2424 |
| language | English |
| last_indexed | 2024-03-08T10:46:53Z |
| publishDate | 2024-01-01 |
| publisher | EDP Sciences |
| record_format | Article |
| series | SHS Web of Conferences |
| spelling | doaj.art-1464ee6a7cfa4a12b3fb57d70a8a65802024-01-26T16:53:34ZengEDP SciencesSHS Web of Conferences2261-24242024-01-011810301710.1051/shsconf/202418103017shsconf_icdeba2023_03017To what extent did US-China trade war affect the global economySu Qi0Yew Chung International School of BeijingThis research paper discusses the impacts on the global economy and international market affected by the US and China trade war, which started in 2018-19. Led by the previous president of the US, Donald Trump, succeeded by the current president Joe Biden, trade protectionism was brought out to restrict Chinese exports to the US. Due to political, social, economic, and many other factors, both US and China ended up imposing additional tariffs on each other’s imports and setting up more and more restrictions on the international market. These imposed trade barriers between the two major economies in the world significantly influenced the two countries themselves, other bystander economies, and the international market balance. The paper discusses and reveals how the economic conflict affects US and China, both consequences and benefits, and how some countries found opportunities from this conflict, and some resulted in losses. Suggestions for possible solutions which each government can take are also being explained.https://www.shs-conferences.org/articles/shsconf/pdf/2024/01/shsconf_icdeba2023_03017.pdf |
| spellingShingle | Su Qi To what extent did US-China trade war affect the global economy SHS Web of Conferences |
| title | To what extent did US-China trade war affect the global economy |
| title_full | To what extent did US-China trade war affect the global economy |
| title_fullStr | To what extent did US-China trade war affect the global economy |
| title_full_unstemmed | To what extent did US-China trade war affect the global economy |
| title_short | To what extent did US-China trade war affect the global economy |
| title_sort | to what extent did us china trade war affect the global economy |
| url | https://www.shs-conferences.org/articles/shsconf/pdf/2024/01/shsconf_icdeba2023_03017.pdf |
| work_keys_str_mv | AT suqi towhatextentdiduschinatradewaraffecttheglobaleconomy |