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: Then again, in mid-December, the increased tariff rates were imposed on the remaining imports from China. The current tariff rates were increased by 5 % in October. The trade dispute now included business restrictions on individual companies, along with high tariff rates imposed by the American government on Chinese products. Then there are accusations of currency manipulation, which altogether is proving detrimental to the global GDP growth. If the trade dispute between the two most powerful nations continues this way then there is a high possibility that it will take over to emerging technologies as well, which will take the shape of massive global destruction. Although there are no signs of immediate improvement with the outbreak of the COVID pandemic which has further escalated the trade tensions, both the nations are trying to move ahead to settle their disputes. 2) US Manufacturing Suffered
With the adverse effects of tariffs on the American manufacturing sectors as a way of retaliation by the Chinese government, the American manufacturing wings also suffered a lot. Not only the US, but 70% of the entire world also depend on Chinese raw materials and inputs to manufacture their final products. With the increase of the tariff rates, these inputs’ costs have risen, and the US manufacturing wings are suffering. Then again, the US manufacturers lost a huge share in the Chinese market, as after the US imposed high tariffs on Chinese goods, China retaliated this move by introducing their own tariff rates.