In an environment of supply chain reshaping and political confrontation between China and the United States, where does China’s trade go from here?

Abstract

Looking at the comparison of Sino-US trade over the past decade, the trade relationship between China and the United States has become more and more unstable under the influence of political factors, so does China need to choose new trading partners in the future to protect itself? This paper adopts two methods: historical review and indicator analysis, the historical review selects the trend and trade dynamics of China-US relations during the tenure of Obama, Trump, and Biden, and selects the trade competitiveness index, export foreign trade dependence and trade surplus to analyze the current situation of China-US trade. Results: The trade competitiveness index and trade surplus generally fluctuated and increased, and only the overall trend of export foreign trade dependence fluctuated and decreased. Therefore, whether from the perspective of the world economic environment or the policy confrontation between China and the United States, the Sino-US trade relationship will only gradually drift apart, and it is imperative for China to accelerate the search for new partners to resist the isolation of the United States.