Impacts of trade War on Global Economy, USA vs China

Bc. Elias Saab, BSc

Diplomová práce

Abstract:

The United States of America and China are pursuing a battle against one another in the field of common exchange. Washington D.C. is an observer to the most recent talks between the two. If the past open shared exchange gets supplanted by some degree limited exchange, the monetary ramifications for both the nations will be appalling and it will likewise influence the world exchange contrarily. A similar will occur with EU, Mexico, and Canada if the pattern proceeds. The impact of this war will be a reason for worry for world Growth as well. If this cutting-edge business war keeps itself restricted to US and China just still the negative effect on the worldwide economy will be nearly - 0.5% on world GDP, yet on the off chance that different nations likewise begin playing a similar tune and the exchange war pushes ahead than the world GDP is probably going to get diminished by at the very least 3%. This may prompt a significant downturn in the worldwide economy.

Keywords

Protectionism, Growth, WTO, Tech War, trade deficit, Tariffs

Jazyk práce: angličtina

Datum vytvoření / odevzdání či podání práce: 29. 3. 2021

Obhajoba závěrečné práce

• Vedoucí: prof. Ing. Mansoor Maitah, Ph.D. Ph.D.

Česká zemědělská univerzita v Praze

Provozně ekonomická fakulta

Magisterský studijní program / obor:
Economics and Management / European Agrarian Diplomacy