The Impact of US-China Trade War and Protectionism--In Terms of China
DOI:
https://doi.org/10.54691/bcpbm.v23i.1421Keywords:
protectionism, US-China trade war, impacts on China.Abstract
This paper focuses on the consequence of the trade war between China and the US on China's economy under trade protectionism policies. This paper first introduces the history of trade wars, the motives of trade protectionism and the status of the trade war. Based on the above background information, this paper explains that trade deficit is the core reason for the outbreak of sino-US trade war, and introduces in detail a series of economic and technological sanctions adopted by the United States against China. Based on the above information, the paper concludes the impact of the Sino-US trade war on China's economy. The trade war between China and the US has slowed down the development of China's economy, technology industry and financial market through a series of measures, including high tariffs, trade bans and technology monopolies, while also bringing high unemployment to China.
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