US China Trade War.

Abstract

The main aim of this study is to examines the origins and potential outcomes of the US-China trade conflict. This study highlights a few factors that the US had in mind when it entered into the biggest trade dispute in history: a) reducing the deficit in bilateral trade and creating more jobs; b) limiting access for Chinese firms; c) preventing China's military from strengthening; and d) reducing the federal budget deficit. It is established and proven that trade conflicts result in no winners. Given the GDP sizes and export rates of the two nations, the US-China trade war will occur as global output and commerce are both slowing. Based on the scenario technique, the study analyses the results of the trade conflict. The protectionist approach used by the US includes a political component. To evaluate the effects of the trade war on the US, China, and other nations, economists have employed a variety of data and methodologies. China has to accelerate economic reforms in order to address trade imbalances, put an end to the war, and prevent further conflict