Impact of the China US Trade War on China's Foreign Trade
Journal: Modern Economics & Management Forum DOI: 10.32629/memf.v6i3.4022
Abstract
This study adopts a public governance perspective and combines qualitative analysis with GTAP model simulation to reveal the impact of the trade war on China's foreign trade and governance path. Research has found that the trade war between China and the United States has led to a decrease of 1.63% -12.72% in China's export volume in simulated scenarios, exposing the lack of coordination in industrial policies and the absence of risk warning mechanisms; The significant transfer effect of trade highlights the lagging construction of discourse power in international economic and trade rules; The severe damage to the manufacturing industry reflects the insufficient support of the public service system for industrial transformation; The reduction of the US trade deficit is accompanied by huge costs, which confirms the unsustainability of unilateralism policy tools.
Keywords
China US trade war; Public policy; Collaborative governance; GTAP model; Industrial transformation
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