A Comparative Analysis of the Impact of Import and Export Trade on the Economy Between China and the United States

Abstract

Due to the continuous development of global trade globalization and the weakening of monopolistic policies by major powers, the current international trade pattern has undergone tremendous changes, which has also led to significant changes in the GDP development of various countries. So the impact of import and export trade on international economic growth is enormous. This paper takes the United States as a typical developed country and China as a typical developing country, and the economic growth changes of both countries are most representative of the changes in import and export trade. Therefore, it focuses on the impact of import and export trade on the Sino-US economy to explore the specific changes in recent years. This article mainly focuses on the impact that has changed the import and export trade between China and the United States, resulting in how their economy has changed.