Abstract
Despite being an economic and military powerhouse, the United States (US) has started seeing itself as a victim of exploitation by other countries, particularly by China, due to its sheer size and the magnitude of its trade with the US. It was under the leadership of the US that the present international economic order was created. This article argues that this order has had pre-existing frictions, which have culminated in this trade war between the US and China. The U.S. arguments of being in a disadvantageous relationship with other countries come across as flawed and misguided when looked at in the light of current economic reality. The reasons behind the mutually harmful nature of this conflict are discussed and potential conciliatory solutions are provided.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.