Title: US China Trade War Effect on Global Economy
Headings: US China Trade War Effect on Global Economy
US China Trade War Effect on Global Economy
Causes of US China Trade War
Impacts of the United States-China Trade War
1) Slow Global GDP Growth
2) US Manufacturing Suffered
3) Reduced Trade Flows between the US and China
4) China’s Yuan Depreciated
5) Increased Price of Goods and Reducing Demand
6) The structure of Production Changed
FAQs
1. How Does Trade War Affect the Global Economy?
2. How is the trade war affecting the US economy?
3. How does the trade war affect China?
4. Who is affected by the US China trade war?

Content: US China Trade War Effect on Global Economy
US China Trade War Effect on Global Economy
Jodie Miller December 24, 2020 Last Updated: December 24, 2020
9 minutes read
A trade war is the last thing that any country would want as it weakens the entire global economy and disrupts people’s well-being. A trade war happens when one country retaliates against another by placing restrictions, like raising import on goods imported from other countries. A trade dispute is a controversial topic, and when a war breaks out between countries, some countries face huge losses while others reap the benefits of the fallen competition. The trade dispute is often looked at by critics as a protectionist policy to safeguard the interests of a nation’s domestic businesses. However, in the long run, trade wars or trade disputes, by whatever name they are called, are detrimental for the growth of local companies, consumers, and the economies at large. Causes of US China Trade War
The trade dispute between the United States and China began long back in 2018 when President Donald Trump started to impose a series of import tariffs on everything, starting from steel to aluminum to solar panels and even for washing machines. These import duties impacted goods from China, Mexico, the European Union (EU), and Canada. To combat such challenges, Canada also retaliated by imposing a series of temporary import duties on American steel and other goods. The EU also imposed tariffs in retaliation on American agricultural imports and other industrial products like Harley Davidson motorcycles.