Thanks for your good discussion on trade relations between the US and its trade partners. The US and China are in a trade war. China is the world’s factory. The US is the largest international trade actor globally, in terms of exporting and importing volumes of goods and services. They are the two biggest economies in the world.
Due to the ongoing trade war, both China and the US have become less competitive, according to the Institute for Management Development (IMD) survey. Both China and the US have slipped down the World Competitiveness Rankings for this year. The US fell seven places to 10th, while China slipped six places to 20th. You can review the full country rankings by using this link.
Why is there no winner in trade wars?
For more information on Trade Wars read this: https://en.wikipedia.org/wiki/Trade_war
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