The Impact of US-China Trade War and Protectionism--In Terms of China

Abstract

This paper focuses on the consequence of the trade war between China and the US on China's economy under trade protectionism policies. This paper first introduces the history of trade wars, the motives of trade protectionism and the status of the trade war. Based on the above background information, this paper explains that trade deficit is the core reason for the outbreak of sino-US trade war, and introduces in detail a series of economic and technological sanctions adopted by the United States against China. Based on the above information, the paper concludes the impact of the Sino-US trade war on China's economy. The trade war between China and the US has slowed down the development of China's economy, technology industry and financial market through a series of measures, including high tariffs, trade bans and technology monopolies, while also bringing high unemployment to China.

An Analysis of Trade Protectionism from the Perspective of the Community of Human Destiny

“…Among them, the more representative are anti-dumping, countervailing regulations and the Foreign Trade Law of the People's Republic of China. In the face of the new situation of the continuous development of world trade protection, China's Foreign Trade Law has also been constantly modified and improved with The Times, forming today's Foreign Trade Law of the People's Republic of China (Chen, 2022;Xu & Zhao, 2022).…”