The Impact of the Modification of US Trade Remedy System on Chinese Economy

As one of the largest economies in the world, the trade policy of the United States has a profound impact on the global economic pattern. In recent years, the modification of the US trade remedy system has had far-reaching effects on China's export trade, high-tech sector, and job market. Therefore, this paper examines the recently revised trade remedy system in the United States, utilizing a comprehensive approach that includes comparative analysis, case studies, and literature review to assess the impact on China's economy. The focus is on understanding how changes in U.S. policy could affect Chinese trade dynamics, industrial sectors, and overall economic health. The paper argues that while the updated U.S. trade remedy system introduces challenges to China's economic landscape, it does not necessarily hinder China's potential for sustained growth and development. Furthermore, this situation presents an opportunity for China to accelerate its initiatives towards reform, opening-up, and modernization. By adapting to these changes, China can strengthen its economic resilience and further solidify its position in the global arena. This paper posits that through strategic adjustments and embracing innovation, China can navigate the complexities of international trade policies and continue on its path of economic prosperity.

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Publication Details

Journal
Highlights in Business Economics and Management
Published
2024-08-08
DOI
https://doi.org/10.54097/tvtcfb83
Primary Topic
Global trade and economics
Type
article
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article

The Impact of the Modification of US Trade Remedy System on Chinese Economy

Shuhui Qian
Highlights in Business Economics and Management
Global trade and economics
article

The Impact of the Modification of US Trade Remedy System on Chinese Economy

Shuhui Qian
article en

Abstract

As one of the largest economies in the world, the trade policy of the United States has a profound impact on the global economic pattern. In recent years, the modification of the US trade remedy system has had far-reaching effects on China's export trade, high-tech sector, and job market. Therefore, this paper examines the recently revised trade remedy system in the United States, utilizing a comprehensive approach that includes comparative analysis, case studies, and literature review to assess the impact on China's economy. The focus is on understanding how changes in U.S. policy could affect Chinese trade dynamics, industrial sectors, and overall economic health. The paper argues that while the updated U.S. trade remedy system introduces challenges to China's economic landscape, it does not necessarily hinder China's potential for sustained growth and development. Furthermore, this situation presents an opportunity for China to accelerate its initiatives towards reform, opening-up, and modernization. By adapting to these changes, China can strengthen its economic resilience and further solidify its position in the global arena. This paper posits that through strategic adjustments and embracing innovation, China can navigate the complexities of international trade policies and continue on its path of economic prosperity.

Highlights in Business Economics and ManagementVol. 39
Shanghai International Studies University (CN)
Openalex Percentile: Top 75%
Global trade and economics
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