China-US Trade War and South Asian Economies

The USA and China have been engaged in a trade war since January 2018, which has had a significant impact on the global economy. This book provides insights into the damages caused by the trade war and examines its impact on the South Asian region, which has benefited from the widening trade dispute. It will be a useful reference for policymakers to undertake informed decisions and initiate programs to minimize the trade war impact.

Format: Hardback
Length: 254 pages
Publication date: 08 March 2021
Publisher: Taylor & Francis Ltd

The United States and China, the world's two largest economic powers, have been engaged in a trade war since January 2018, which has far-reaching consequences for both countries and their economic partners. This book aims to provide insights into the damages caused by this trade war and its impact on the global economy.

The first section of the book explores the impact of the trade war on the global economy. It delves deeper into the specific effects of the trade war on the South Asian region, which is heavily reliant on trade with the United States and China. It is well-established that the imposition of new tariffs or an increase in existing tariffs would make imports more expensive and reduce the competitiveness of exported goods. However, the book argues that the trade war has also presented opportunities for other countries that are not directly involved in it.

The South Asian region, including countries such as Bangladesh, India, and Sri Lanka, has actually benefited from the widening trade dispute between the United States and China. This is due to several factors, including increased demand for South Asian products as a result of the trade war, the depreciation of local currencies against the US dollar, and the relaxation of trade restrictions by some countries in the region.

The book will be a valuable resource for policymakers seeking to make informed decisions and develop programs to mitigate the trade war's impact. It provides a comprehensive analysis of the economic consequences of the trade war and offers practical solutions for countries seeking to navigate this challenging economic environment.

Weight: 568g
Dimension: 160 x 241 x 24 (mm)
ISBN-13: 9780367513818