 The US–China relations and the impact of the US–China trade war: Global value chains analysesBo Meng, Yuning Gao, Tao Zhang, Jiabai Ye and Yaxiong Zhang Economic Analysis and Policy, 2025, vol. 87, issue C, 1896-1908 Abstract: This study investigates the US–China relations and examines the impact of the US–China trade war on the global economy through the lens of global value chains (GVCs). Against the backdrop of the global transition from hyperglobalization to slowbalization, we review the US-China relationship from the perspectives of cooperation, competition, and conflict. Furthermore, the GVC extended computable general equilibrium model is utilized to reveals the impact of the trade war. The primary findings indicate that an economy is highly dependent on its position and level of engagement in GVCs. The regions situated upstream of China’s GVC will suffer greater losses, whereas high-tech exporters may gain from the trade diversion caused by the United States’ export control to China regardless of the GVC positions. The essence of the US–China trade war, the contradictory stances behind the trade war, and the outlook of the US–China relations in GVCs are discussed. Keywords: The US–China relation; The US–China trade war; Global value chain; Trade in value added (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:ecanpo:v:87:y:2025:i:c:p:1896-1908 DOI: 10.1016/j.eap.2025.07.038 Access Statistics for this article Economic Analysis and Policy is currently edited by Clevo Wilson More articles in Economic Analysis and Policy from Elsevier |
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