The Impact of the Sino-U.S. Trade War on China's Economy and Countermeasures

Abstract

Following the U.S. "Section 301 Investigation", The U.S. has launched unilateral trade protectionism, using unreasonable trade practices again in response to the long-term trade deficit. This move is a serious violation of WTO rules and threatens the development of China's foreign trade economy, and it is important for China, which is in a critical period of economic transformation and development, to study this trade war between the U.S. and China. This paper examines the causes of the trade war and its impact on the lives of Chinese residents, the supply and distribution of heavy industry and agricultural products, and economic and trade organizations, and then proposes corresponding strategies to deal with it. The U.S. trade war has both economic and strategic objectives, it has a negative impact on China, but the Chinese economy is being able to bear it, while the U.S. economy is damaged.