Date of Graduation

Spring 5-15-2020

Document Access

Project/Capstone - Global access

Degree Name

Master of Arts in Asia Pacific Studies (MAPS)

College/School

College of Arts and Sciences

Department/Program

Asia Pacific Studies

First Advisor

Brian K Dempster

Abstract

China and the US are the world’s largest economies and the largest mutual trade partners. The US has also held the position of the world’s largest economy for most of the current fiscal age. However, China is rising, largely bolstered by a great population, resource repository and government support in its quest to become a leading global powerhouse. As a major trading partner with the US, the rise of China impedes some of the growth potential of the US economy. One of the largest areas is the manufacturing sector where China is an emerging force that seeks to establish its dominance. Recently, the competitive schism between these two countries has degenerated into a full-blown trade war. The two nations would go-ahead to impose tariffs and barriers as a way to express their dominance and equally protect their local markets. Consequently, the impact of these measures is creating an adverse influence on their economic prospectus and fiscal standing. Both nations are on the verge of losing a significant portion of their economic volume due to the effects of trade barriers. The long-term influence of the trade war would inevitably change the economic standing of these nations, their populations and a knock-on effect on the rest of the nations and regions across the globe. There is demonstrable evidence regarding the path and aftermath of this trade war. The study evaluates this background of conflict to understand its causes, course, and aftermath from a wide and exploratory scholarly perspective. The analysis also aims to offer practical insight about this situation and possible solutions that would help to manage and de-escalate conflict by considering local and global influences of this ongoing tussle.

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