US–China Trade War: The Tale of Clash Between Biggest Developed and Developing Economies of the World | Zendy

Anjala Kalsie | Zendy; Ashima Arora | Zendy

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US–China Trade War: The Tale of Clash Between Biggest Developed and Developing Economies of the World

Author(s) -

Anjala Kalsie,

Ashima Arora

Publication year - 2019

Publication title -

management and economics research journal

Language(s) - English

Resource type - Journals

ISSN - 2469-4339

DOI - 10.18639/merj.2019.956433

Subject(s) - trade war , china , collateral damage , economics , world war ii , economy , first world war , collateral , world economy , international trade , developing country , world trade , political science , economic growth , history , ancient history , criminology , finance , sociology , law

United States (US) and China are the two largest economies of the world, where the former is the biggest developed economy and the latter is one of the largest developing economies of the world. This paper implores to assess the cause and effect of the US-Sino Trade War. The attempt is to understand the reasons behind the same and its impact on warringeconomies and collateral damage to the economies of other countries. The experience establishes that trade wars have no winners. The war started in year 2018; the long-run effects of this trade war are still to be seen yet; till date the impact of this crisis has been substantial for both the US and China.

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