An Analytical Review of the US-China Trade “War”

Abstract

Nowadays China has achieved excellent economic performance in recent years. Although the US is the "ruler" of the modern international economic-political system, China's continuous and, rapid economic course has weakened the primacy of the US, with consequences that are perceived in the global economic system. Of course, China has been accused of practices of economic "mercantilism." On the basis of these mercantilist accusations, a kind of war broke out with the US. War is commercial and economic in nature. The questions that arise, however, are the following: What are the reasons for the trade war between the US and China? What are the consequences of the trade war in the countries involved? What are the implications of the trade war for the international economic system? This study will attempt to provide appropriate answers to the above-mentioned questions.