This report provides an analysis of the trade war between the USA and China, focusing on the imposition of tariffs and the subsequent retaliatory measures taken by both countries. It examines the impact of the trade war on the global economy, including the effects on countries like Australia. The report discusses China's responses, including negotiations and domestic policies to stabilize the economy. It highlights the potential long-term consequences, such as the disruption of the WTO and the possibility of economic recession. The report concludes that the trade war has far-reaching implications beyond the USA and China, affecting international trade dynamics and economic stability. The report also includes references to relevant research and publications.