ANALYSIS OF THE CAUSES AND EFFECTS OF THE SINO-US TRADE CONFLICT

Trade relations between China and the United States have a significant impact on the global economy and trade. Since 2010, China has become the world’s second largest economy, growing at an unparalleled rate and giving it increased confidence to take on more responsibilities in the international community. The U.S. President, Donald Trump, has imposed various constraints on China, influencing relations between the two countries, and trade friction has developed increasingly, evolving into the largest-scale trade conflict in history. We propose that Sino-U.S. trade relations should follow a benign competition mode, promoting the development of the world economy and trade, by analyzing three perspectives of changes in economics, politics, science, and technology in Sino-U.S. trade relations over the last 20 years and even the impact on the entire world economy, and expounding the Thucydides trap theory on the negative impact of Sino-U.S. trade.