Trade Conflicts in a Globalizing World

Perusing the Case of Sino – American Economic Relations, 2018 – 2020

Abstract

Trade conflicts are as old as the organisation of the citizen and the state and this time has taken a different toll in our globalizing world. In 2018 Donald Trump, the then American President formulated a policy of placing high tariffs on certain Chinese products and Xi Jinping the Chinese President also formulated a retaliatory policy too. In that regard, the paper aims to ascertain the factors which contributed to the trade conflicts under Trump led US government and assess its implications on the current and future bilateral economic relations of both countries so as to find out its exact effects on their economies. To achieve the aims of this paper, we collected and collated data from secondary source used Conspiracy and Hegemonic Stability theories of international relations and the content historical approach to analyze the phenomena understudy. The trade conflicts between the US and China has both positive and negative effects on their economies. However, this paper found out that workers and manufacturers in the US suffers the most cons equences. Based on our findings, amidst other recommendations We submit that the Sino – American governments should state a clear end goal with a balanced approach as no matterwhat happens now,they will witness other powers emerge and possibly challenge whatever dominant position they hold by then.