US-CHINA TRADE CONFLICT: CAUSES, CONSEQUENSES AND POSSIBLE SOLUTIONS

Abstract

This article provides an overview of the ongoing trade war between the United States and China, which started in March 2018 when the US imposed tariffs on Chinese imports worth $50 billion. The article covers the key events in the trade conflict, including the imposition of multiple rounds of tariffs, negotiations, and retaliatory measures. The roots of the trade war are attributed to long-standing tensions between the two countries over trade and economic policies, with the US accusing China of unfair trade practices, currency manipulation, intellectual property theft, and forced technology transfers. The article also explores the farreaching implications of the trade war on both countries and the global economy. Possible solutions to the trade dispute are also discussed.