US-China Trade Conflicts: Review on Gains or Losses?

Abstract

US administration had initiated new trade protectionist policy recently in 2018, which surprised and shaken the balance of world trade, especially balance of US-China trade. This had received immediate attention of researchers worldwide due to the involvement of vast economies in this. This paper reviews the studies conducted in recent past i.e. last two years 2018-2019 and explored the reasons behind initiation of this war, its impact on US, China and world economy. It is concluded after review that none of the economy is benefitted due to these conflicts, rather there is decrease in trade and GDP of US, China and world economy. Therefore, it is suggested by various analysts to negotiate for common interests of both countries so that peaceful trade practices can be continued in future also.