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1. Background of China-US trade conflict
The China-US trade conflict, often referred to as the trade war, has its roots in a complex interplay of economic, political, and strategic factors that influence the relations between the two largest economies in the world. The origins of this conflict can be traced back to long-standing concerns about trade imbalances, intellectual property rights, and broader issues of competitiveness and national security. The trade imbalance between the United States and China has been a significant point of contention. For years, the United States has run a substantial trade deficit with China, meaning that the value of imports from China far exceeds the value of exports to China. This trade deficit has been a source of frustration for many American politicians and policymakers, who argue that it reflects unfair trading practices and a lack of reciprocity in trade relations. The situation became especially pronounced after China`s entry into the World
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