We should increase communication efforts between

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We should increase communication efforts between China and US not only at the government level,but also among the people and companies to promote invest by both parties.And both sides can consult about existential economic and trade issues.Meanwhile,we can utilize international publicity to promote free trade and contain unilateralism. When negotiation,we should make flexible strategies and compromise appropriately.As for China,we can reduce restrictions of foreign investment and expand imports from US,like cars and agricultural products.And we also can prefect our legal system,especially intellectual property protection,which will beneficial to ourselves at the same time.We also should claim US to release or even cancel export restrictions to China,which will also decrease trade deficit for US. 5.4 Apply International Regulations . WTO trade dispute resolution mechanism is effective weapon when faced with unfair treatment or trade friction.We should apply WTO trade dispute resolution mechanism to protect our rights and interests.And we also can take trade measurements to restrict Chinese companies importing from US or exporting to US.For example,increase import tariffs on products importing from US or export tariffs on rare earths which US imports from us.Coincidentally,we impose tariff reduction obligations on certain import commodities originating in the United States from April 2 to safeguard our interests and fight back “232 measure” put forward by US in March 23. 6. Summary To sum up,both China and US should make efforts to maintain great trade relationship,rather than trade war.Otherwise,both side will suffer loss.Moreover,it will affect global trade order and lead to mass panic and social chaos.However,good trade links will beneficial to China,US,and other countries or organizations as well. References [1]. Zhang Ming,Zheng Liansheng,Wang Yuzhe,Yang Xiaochen,Zhou Ji.Unlikely full trade war between China and U.S. [J].China Forex,2017(06):26-29. [2]. Wang Xuyang.When both are combined,the bucket will hurt - Sino-U.S. Economic and Trade Relations Move Forward in Friction[J].Modern Management Science,2018(02):54-56+93. 425 Advances in Social Science, Education and Humanities Research (ASSEHR), volume 206
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[3]. Li Xin.The Scenarios of Sino-US Trade War: Based on the GTAP CGE Mode[J].Journal of International Trade,2012(11):50-65. [4]. KUANG Yan-xiang.Economic Interdependence and Sino-US Trade Frictions: a Research Based on Multi-stage Game Model [J].Journal of International Trade,2010(11):36-43. [5]. Ke Jianfei,Yu Lixin.Trade war under the background of economic globalization:theoretical analysis and China’s countermeasures[J].Globalization,2017(06):71-84+135-136. [6]. Zhang Monan.Research on Launching a new model of China-Us Eeonomic Cooperation and Reduce Trade Fictions[J].Regional Economic Review,2017(06):99-104. [7]. Sun Jishan.Where does Sino-US economic and trade go? —— Analysis of trade imbalance between China and the United States and the options for dealing with trade wars[J].Intertrade,2017(11):31-33+40. [8]. Information on: 426 Advances in Social Science, Education and Humanities Research (ASSEHR), volume 206 View publication stats
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