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US-China trade relations during COVID-19 -consequences and future overview
Journal article   Open access   Peer reviewed

US-China trade relations during COVID-19 -consequences and future overview

Sonal Pandey
International journal of economics commerce & management IJECM, Vol.IX(3), pp.53-59
03/2021
DOI:
https://doi.org/10.7282/00000461

Abstract

The intension of the paper is to explore the consequences of the US and China trade dispute on both the countries as well as its impact on global trade over the past two years. Where the United States is trying to elongate the 'unipolar moment' and discourage the rise of China; China is seeking to create itself as the hegemon in the Eastern hemisphere, an interchange to the US. They both having completely opposite pursuits. The two Great Nations have instigated a hostile antagonistic rivalry for domination. Paper pursues to determine the future disposition of the US-China relations; With the question that-will history replicate itself and a bloody war be fought to determine the leader of the package? or a further Cold War will be fought, which will end when one side drastically deteriorates and ends? Will the trade relations between them are going to be uninfected in near future? In relation to that two scenarios are examined, one where only US trade measures are considered, and another in which Chinese relations considering. It is confirmed and concluded that trade wars have no winners. Considering the two countries' GDP scale and export volumes, the US-China trade war will come among a slowdown in the global production and international trade also. The article analyses the outcomes of the trade confrontation based on qualitative and quantitative data with images interpretations. The purpose behind taking this methodology is to give better result and future overview about the ongoing situation.
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Accepted Manuscript (AM) International journal of economics, commerce, and management Open Access CC BY V4.0
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