NEER Index: China’s Import and Export Trade and the US-China Trade Conflict

DOI

10.2991/978-94-6463-546-1_34How to use a DOI?

Keywords

Trade conflict; NEER; China; US; Export; Import

Abstract

This study focuses on how China’s import and export commerce is affected by the Nominal Effective Exchange Rate (NEER) index, especially during the trade spat between the United States and China that began in March 2018. The research tries to comprehend how currency value variations influenced trade dynamics amid heightened tariffs and economic tensions by using empirical analysis of trade data and NEER fluctuations. The main conclusions show that, particularly in price-sensitive industries, a greater NEER, indicating currency appreciation, greatly raised import costs and decreased export competitiveness. In addition, the trade war caused supply chain disruptions and increased market volatility, which put further strain on China’s trade volumes. This study’s contributions lie in highlighting the nuanced effects of NEER on trade flows and offering insights into economic resilience strategies. Policy recommendations include robust currency management, trade policy adjustments, diversification of export markets, investment in supply chain resilience, and fostering international collaborations. These strategies are vital for policymakers to mitigate adverse effects of currency fluctuations and trade conflicts, ensuring stable economic growth.

Copyright

© 2024 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Tian Gao
PY  - 2024
DA  - 2024/10/27
TI  - NEER Index: China’s Import and Export Trade and the US-China Trade Conflict
BT  - Proceedings of the 2024 2nd International Conference on Finance, Trade and Business Management (FTBM 2024)
PB  - Atlantis Press
SP  - 306
EP  - 315
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-546-1_34
DO  - 10.2991/978-94-6463-546-1_34
ID  - Gao2024
ER  -