The Current Situation and Trend of Sino-US Trade Development in the Context of Economic Globalization

Abstract

The evolution of trade and commercial relations between China and the US is particularly noteworthy, given the significant impact of economic globalization and its role as a fundamental pillar of global economic stability and progress. The trade volume between China and the US is steadily increasing, and this is happening at the same time as the trade structure is changing significantly. The process of commerce between China and the US is not without its difficulties, though, as seen by the US's gradual growth in trade protectionism, the frequency of trade disputes, and the imbalance in trade relations. This paper provides an in-depth analysis of the dynamic evolution trend of China-US trade in the context of economic globalization and discusses the current status and challenges of China-US trade relations, as well as the future trend based on global economic, political, and technological development trends. In addition, the paper forecasts how China-US trade relations will develop in the future in light of new technological advancements, policy adjustments, and shifts in the global economic landscape. It also offers policy recommendations and strategic adjustment guidelines to encourage collaboration between the two sides and produce win-win outcomes.