The US-China Trade Competition: An Overview

Siby K M and Dr.arunachalam P

MPRA Paper from University Library of Munich, Germany

Abstract: An impending trade war between US and China, the world’s two largest economies can cause insurmountable consequences of unfathomable magnitude. It can cause distortions in the complex web of interconnected commodity and value chains sprawled across the boundaries, ultimately leading to suboptimal social welfare of the international community. The present paper intends to provide an overview of the US-China trade imbalance and resulting trade tensions that it begets .The paper analyses various reasons for the US- China trade competition and its implications on world trade quoting world bank data from 1992-2016 and concludes by proposing the likelihood of not getting the scenario escalated.

Keywords: Trade war; global value chain; economic nationalism; protectionism; isolationism (search for similar items in EconPapers)
JEL-codes: F10 F51 (search for similar items in EconPapers)
Date: 2018-06-09
New Economics Papers: this item is included in nep-cna and nep-int
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:87236

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