The US-China Trade War and its Implications for Global Economy

Abstract

The US-China economic ties have a long history and gone through difficult times in the past, but
facing recently an edgy standoff manifested by imposition of tariffs on the billions of dollars on each
other’s goods by them. It sparked another trade war. The study focused on the trade war between
the two powers from 2017 to 2020. The trade war reveals that nations have divergent economic
and political interests that trigger conflicts of different intensity. The existing war can primarily be
recognized as a trade war driven by thirst for worldwide economic dominance and it can have far
reaching implications for China, and the US as well as the world as a whole. This descriptive
research is mainly based on current published news and research articles. The study concludes that
international community, media, and business groups must play their part in overcoming the trade
war between the two nations in order to avert adverse consequences on global economy.