The Impact of Bilateral Trade Relation of USA-China From 1979 to 2020

This essay has investigated the bilateral trade relation of China and the USA and the global impact. By setting three main periods - 1979, 2018 and 2020. The groundbreaking trade agreement signed in 1979 laid a solid foundation for the integration of the cone (here, the term "cone" may refer to a specific economy or region, but for the sake of generality, it is not specified) into the global economic system. Through the analysis of relevant data, it becomes evident how profoundly this agreement has impacted and benefited the economies of both China and the United States. The agreement not only facilitated rapid growth in bilateral trade but also deepened cooperation between the two countries in various fields such as investment, technological exchanges, and market access, thereby injecting robust momentum into the prosperous development of the Chinese and American economies. 2018 as the turning point of the bilateral relations with China, demonstrates the reason behind and further competition between the two nations. The 2020 Phase One deal has addressed the imbalances and the protection of the US economy, compared the focus of the 1979 trade agreement and deal, then evaluated the actual effect of the deal. The method used in this essay is mainly through comparison on date and analyhsis on specific policy. This essay has found that compromise is the main negotiation between two countries and the future competition in technology sector or tele-communication sector is inevitable.