THE CLASH OF TITANS OR US - CHINA TRADE RIVALRY

Paul Bogdan Zamfir
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Paul Bogdan Zamfir: CONSTANTIN BRANCUSI UNIVERSITY OF TARGU-JIU, ROMANIA

Annals - Economy Series, 2020, vol. 1, 109-114

Abstract: This paper aims to investigate one of the most controversial current economic issues, respectively the trade war between United States(US) and China, from the perspective of applying a protectionist policy in their bilateral trade. Also, as a result of its special role in the equation of this research are presented the main current issues which affects Sino-American bilateral trade. In addition a special focus is on economic demands launched by the United States to China which are analyzed in the scientific content of the paper, using in this sense, a methodological framework according to the research in question. Further are highlighted the effects of this war, both from the perspective of the two belligerent countries that are United States and China, as well as in the vision of World Trade System. There are alsosome real causes are mentioned that were on the basis of this trade war along with the potential risk of triggering the global economic crisis. Because the trade war between the two largest economies in the world but it is far from ending, in the near future the prospects of Sino-U.S. relations on long-term will be hit by serious question marks. The trade war between the two largest economies in the world is far from over. There is also little hope for the two sides to strike a comprehensive agreement in the near future, and the prospects for the long-term Sino-American relationship are fraught with major uncertainties.

Keywords: United States; protectionism; China; custom duties; bilateral trade; trade war; Entity List (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:cbu:jrnlec:y:2020:v:1:p:109-114

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