The Impact of the US-China Trade Economic Relations on International Markets

The given article is devoted to urgent trade and economic issues between the United States of America and China. In particular, the urgent problems of the trade war between the United States of America and China, as two of the most powerful economies, were studied in the research. In this sense, this trade war has the real significant impact on international trade process and international markets functioning. Primarily, the ‘trade war’ concept is understood as a situation when the participating countries, involved in international trade, try to reduce the import of competitive goods by tariffs, quotas and other import restrictions while expanding their exports. This is also a result of protectionism, creating serious problems for imported goods and an imports and exports imbalance. This study identifies advantages and disadvantages for both countries based on economic methodologies and analytical tools. The main research approach to this article is based on a comparative analysis of recent trends in macroeconomic growth, political inequality and social problems between the United States of America and China. The simulation of cause and effect, the systematic research and the expert assessment was applied. In addition, the possible solutions and recommendations regarding how to strengthen the current economic ties between the countries concerned were considered.

trade and economic relations, trade war, influence, international market, tariffs, quotas, import, export, modeling, expert assessment, торгово-экономические отношения, торговая война, влияние, международный рынок, тарифы, квоты, импорт, экспорт, моделирование, экспертная оценка, сауда-экономикалық қарым-қатынастар, сауда соғысы, әсер, халықаралық нарық, тарифтер, квоталар, импорт, экспорт, модельдеу, сараптамалық бағалау

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