International Economic Law Project Report topic: us&china trade war

General effects

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  Slow Global GDP Growth
  
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  US and Chinese Manufacturing Suffered
  
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  Rise in financial stress adversely affect new credit flows and restrain investment, industrial production and trade.
  
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  Reduced Trade Flows between the US and China
  
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  China’s Yuan Depreciated
  
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  The structure of Production Changed
  
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  China has to pay more tariffs on the products exported to U.S.
  
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  Decrease in demand for China products in U.S.
  

CONCLUSION

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  The U.S – China trade dispute is a long-term issue, and perhaps an example of a broader changing bilateral.
  
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  The U.S. economy has mainly been hit on the consumer-side by the trade dispute, whereas in China, exporters have suffered the biggest losses.
  
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  However, there is still a huge potential for trade and investment co-operation, considering the strong complementarity of the two economies.
  
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  As of January 2020, tensions have finally eased as the two sides have signed a partial Phase I deal. The document agreed to roll back tariffs and expand trade purchase.
  
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  The two countries have responsibility to maintain the stability of global trade system and should solve the trade conflict through multilateral mechanism. No one wins a trade war. The US-ASEAN Business Council CEO Alex Feldman states that "It's in everyone's interest to see this spat get resolved and go back to normal trade relations between the US and China."