Year: 2024
Type: article
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.
DOI: 10.54097/tvtcfb83
Author: Shuhui Qian
Language: English
Field: Social Sciences
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W4401666965