Abstract

This article discussed Trump's foreign trade and economic policy and the impact of the Trump administration's tax policy on the development of the US economy. Also studied the impact of the optimal tax policy on US foreign trade relations, in particular the impact on trade and economic relations between China and the United States. It also analyzes the consequences of the tariff war for the Chinese economy based on Chinese academic research. The article explains the reasons for the economic tension between the US and China from the point of view of the foreign policy and economic interests of the countries. In order to achieve the goals of the study, the historical-comparative, statistical, structural analysis and systematization methods were used.

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