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ECO1100_010-Reflection 1-Group 3.docx - Global Issue...

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Global Issue Reflection 1Group Topic: US China Trade WarECO1100_010International Economics and Global IssuesUS-CHINA TRADE WARUS and China are the world’s two largest economies and they are entangled in the trade battle.This economic conflict began in 2018 when President Donald Trump started imposing tariffs andother trade barriers on China. According to trump association China is engage in unfair tradepractice and intellectual trade practice and they imposed these tariffs to force China to changethem. According to China, USA is trying to lead its rise as a global economic leader.[ CITATIONBBC20 \l 1033 ]USA has levy tariff on Chinese products for more than $360 billion and in retaliation to thatChina levied tariff on US products for more than $110 billion. In the first round of penalizing tariffin 2018 US imposed $34 billion tariff on the Chinese products. There were four rounds of suchtariff impositions which resulted in total of $340 billion against Chinese products. In answer tothat China also didn’t hesitate and imposed tariff of exactly amount during first two rounds, i.e,

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Term
Fall
Professor
Firas Sassi
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