US-China Trade Rivalry: Ramifications on Global Economic Politics

Abstract

This research explores the specific parts of constant exchange conflict between the US and China, with a particular interest on its implications for the global economic politics. The world supply chain has been significantly disrupted as a result of the trade dispute, which has been marked by a series of tariff impositions and retaliatory measures that have impacted a variety of industries. The trade war has made cybersecurity risks, forced technology transfers, and theft of intellectual property even more of a concern. Prices have gone up and supply chain blockages have occurred as a result of tariffs imposed by both nations on essential technological goods like consumer electronics, telecommunications equipment, and semiconductors. Innovation and expansion in the technology sector have been further hampered by restrictions on cross-border collaborations and investments. In addition, the trade war has leading transnational organizations to re-examine their manufacturing and sourcing reliance on China. Expanding their supply chains by looking for new markets and alternative production sites has been an option for many businesses. Investors, stakeholders in the industry, and policymakers all need to keep a close eye on the changing dynamics if they want to navigate the complexities, come up with plans to reduce risks, and take advantage of potential opportunities.