The trade relationship is often the precursor of the overall Sino-US relationship, and watching this most important bilateral relationship often takes its clue from the improving trade link. Subsequent tariff action placed over $300 billion Chinese export to the United States under the additional tariff of up to 25 percent. The pandemic disrupted world trade, particularly service trade such as tourism, in which the US enjoys an edge. The US-China trade and economic relationship is one of profound consequences that does not just affect two countries, it impacts the entire world. His primary research interest includes global economic development, Asean-China relations and the Fourth Industrial Revolution.

Source: Manila Times October 09, 2021 14:03 UTC