Trade War Between USA and China Topic 2022

TOPIC: TRADE
WAR BETWEEN
USA AND CHINA

INTRODUCTION
 Government of USA wanted to
switch to protectionism.
 Increased the tariff on the
Chinese products.
 China retaliated with further
tariff on the products of the
USA.
 Led to the trade war between
the two countries.
 Trade transaction between
these two countries halted
leading to a slowdown in the
global economy.

CHINA’S RESPONSE
 Immediate retaliation to
the trade impose by the
USA.
 25% tariff on the products
previously imported from
the USA (Hughes and
Meckling, 2017).
 Price of American
Aluminum, Pork, Soya
beans in Chinese market
went up.
 Government of china
stated that they were not
in favor of the trade war.