The Impact of Trade Disputes to China and the U.S

DOI

10.2991/aebmr.k.220307.072How to use a DOI?

Keywords

Trade war; Relationship between China and the US; Impact

Abstract

Begun in 2016, the China and U.S. government had a trade dispute. It all happened when U.S. former president Donald Trump mentioned that China is using industrial policies to U.S. market, which the U.S. uses a lot of fossil fuel in daily life. When the U.S. imposed anti-dumping rules against Chinese products, which the Chinese government has to repel back, that has affected the many products such as U.S. currency exchange rate and original oil in the global stock market. The dispute has created both positive and negative impacts for both countries. The U.S. government has demonstrated that having free trade gives a lot of benefits. On the other hand, recent data has reflected the impact of the tariff on Chinese products shows a lot of negative consequences. Tariff is nothing but more than a kind of tariff, and the use of it regarding the trade with China has strained the relationship between the two countries. Therefore, both countries governments should stop having an argument between them about trade disputes to create positive effects and further development for both countries.

Copyright

© 2022 The Authors. Published by Atlantis Press International B.V.

Open Access

This is an open access article under the CC BY-NC license.

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TY  - CONF
AU  - Rui Bao
AU  - Yukangfei Fan
AU  - Shenyang Feng
AU  - Yilin Lu
PY  - 2022
DA  - 2022/03/26
TI  - The Impact of Trade Disputes to China and the U.S
BT  - Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)
PB  - Atlantis Press
SP  - 451
EP  - 455
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.220307.072
DO  - 10.2991/aebmr.k.220307.072
ID  - Bao2022
ER  -