| Issue |
SHS Web Conf.
Volume 181, 2024
2023 International Conference on Digital Economy and Business Administration (ICDEBA 2023)
|
|
|---|---|---|
| Article Number | 03017 | |
| Number of page(s) | 4 | |
| Section | Supply Chain Management and Logistics | |
| DOI | https://doi.org/10.1051/shsconf/202418103017 | |
| Published online | 17 January 2024 | |
To what extent did US-China trade war affect the global economy
Yew Chung International School of Beijing, 100025 Beijing, China
* Corresponding author: alicesu0110@outlook.com
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.
© The Authors, published by EDP Sciences, 2024
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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