USA and China: The Trade War Dynamic

6 months ago
9

These sources provide an overview of the United States-China trade war, detailing its origins in the Trump administration's protectionist policies aimed at addressing trade imbalances and alleged unfair practices by China. They highlight the implementation of tariffs by both nations, the negative economic impacts on various sectors, particularly U.S. agriculture, which experienced billions in export losses, and the Phase One agreement intended to mitigate some of these effects. The articles also discuss the broader implications for global trade relations and the World Trade Organization, noting a shift in U.S. trade policy towards increased protectionism and industrial policy under both the Trump and Biden administrations, driven partly by geopolitical competition with China.

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