Written By: Tanya Singh
The US-China trade relationship has expanded immensely after China’s reformation of its economy and liberalization in 1979.The world’s two largest economies have persevered bitter rivalry locked by a trade battle for a year now. The onset of the pandemic revealed new dynamics in the US-China trade wars, overshadowing the agreement made in January that was meant to draw President Trump’s policy still endeavours to encourage domestic production and purchases leading it to impose more than $360bn worth of tariffs on Chinese goods. According to the “phase one” deal signed in January, China vowed to boost US imports by $200bn above 2017 levels and extend intellectual property rules, however, Trump seems to have delayed the upliftment of tariffs and with the recent indictments regarding Covid-19, it seems that both the countries are back to square one. Here’s how we can break this situation down:
