The impact of the US-China trade war on the volume of China’s exports

Abstract

Since 2018, the trade dispute between the People’s Republic of China and the United States of America has become a hot issue in the global economy. The study found that the US-China trade war led to an overall decline in the number of China’s export products, especially in areas such as steel and electronic products, they have been greatly affected, This is mainly due to the increase in tariffs, the intensification of market uncertainty, the increase in trade barriers, and other factors triggered by the trade war, which makes export enterprises face problems such as reduced orders and increased market risks, leading to the impact on the number of export products. In addition, the structure of China’s export industry also has a certain degree of problems, and certain traditional industries are overly dependent on low-cost competition and are facing greater pressure. At the same time, the Chinese government has taken a series of countermeasures, including tax cuts and fee reductions, expanding domestic demand, expanding market diversification, etc., to mitigate the adverse effects of the trade war, aiming at analyzing that the Chinese government can better strengthen the macro-control, to formulate a more reasonable export strategy and market expansion strategy.