Trade War Between The United States And China

NameProfessorCourseDateTrade War between the United States and ChinaThe relationship between China and the US has become strained recently. Both countries increased tariffs for imports: the US imposed tariffs on 128 Chinese goods, and China, respectively, the same number of American products. The reason, apparently, was the insane desire of Donald Trump to enter the history of the United States as a "protector" of the American market from the expansion of goods from the PRC. In this context, people witness the beginning of new trade war, which is a situation in which countries begin to use different barriers to protect the national economy: quotas, duties, non-tariff restrictions, etc. As the platform for economic relations between the US and China today is unstable, more confrontational US-China relations may become a significant factor that would affect the world politics in the long-term. Before analyzing the concept of trade war between the USA and China, it is worth highlighting that the modern history of the relationships between these two countries was not smooth. In particular, at the end of 2010, tensions between China and the United States increased. Many media outlets and officials dubbed the confrontation as a "currency war." Currency war is