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: 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. In early 2018, President Trump imposed a big fine over alleged intellectual property (IP) theft and significant tariffs on $500 billion worth of Chinese products like steel and soy products. To this, again, China retaliated with a 25% import tax over 100 American products. By May 2019, the United States’ tariffs on Chinese imports impacted nearly $200 billion of imports. China also retaliated and imposed stiff import duties on major American imports. As per reports, the American government shouldered all the tariff costs imposed by China, which ended up as increased prices of goods that the end consumers had to bear;