The Economic War Between USA and China and Future Scenarios

With the expansion of foreign trade and the burning of competition between countries, the value of currencies began to play an effective and effective role in the global economy, as some countries resorted to reducing the exchange rates of their currencies against the currencies of other countries in order to make their exports more competitive, and the manifestations of the conflict between America and China over the prices of Exchange their currencies, as America accuses China of interfering in exchange and evaluating the yuan under its real value. While the Chinese view the expansionary and extremist monetary policies of the Federal Reserve as an act of currency manipulation, some fear that this conflict will develop into a competitive reduction race that could cause global trade shrinkage and stagnation, and undermine confidence internationally in the international monetary system, which It causes a global financial and economic crisis with a profound negative impact on the entire global economy and the developing economies in particular, which some believe will be the biggest loser of that conflict. The relationship between Washington and Beijing is currently witnessing a wave of political and strategic escalation, especially from the American side, and despite this this the escalation is not new from its predecessors during the past period. But in terms of form, it may be the most severe, but it will not reach the war. Both countries need each other, whereas as much as there are tensions and fundamental differences, it is matched by the existence of common interests.