Question

How will the current trade dispute between China and the US end ?

Answer 1

In a current trade dispute, USA and China have banned the goods of each other that has affected multi-billion trade between these two countries. Both countries blame each other that they are not offering benefits in trade for the goods once it is exported to the each other nations. The trade dispute between these two countries can be ended in following steps:

1. Leaders of both the countries should sit and renegotiate the trade terms and conditions for different group of products & services. Since, the existing trade terms are older and of the time when China was still growing into the international market. But, today, China is competing USA in most of the product categories, so USA cannot afford to work on older trade terms. Hence. The resolving of the issue, must get new trade terms, applicable in the 21st century.

2. Create a joint committee having members from China and USA to look after the international trade and make efforts to make it smooth.

3. Periodic review of the trade so that a balance is created in terms of international trade between China and USA.