Other Articles in this Volume:XXII No 1

JAMES K. ANEKWE; IHEJIRIKA, NGOZI OBINNA and OLAIYA, FUNMILAYO VICTORIA

Published in 2022; Volume:XXII No: 1 Article Number: 6

Trade liberalization has being the major discourse on the table of many international trade commentators, because international trade has been accepted as the steering wheel for global prosperity. The US and China’s economy are currently the two largest economies in the world with China being the world’s largest exporter of $2.2 trillion of her production and US the third after the EU. These two economies are so substantial that any distortion in any of the two countries would have spill-over effects not only on their trading partners in Africa but also on the rest of the world. However, despite all the tremendous success and development made by these countries in all sectors of their economy and trade the quest and consistent effort for the achievement of global supremacy has been a big challenge between these two giants. Therefore, this paper critically examine the impact of the trade war between China and US Government also the effect of the tariffs of former US President Donald Trump and Chinese government imposed on each other’s products on their economies and other countries of the world. Also, how African countries is affected by the increasingly evident trade war between the two giants as well as how African countries can take advantage of the China - American escalated trade war and find long-term sustainable deals. The paper made use of mainly secondary source of materials used in the body of the work. The paper instruct that African leaders should avoid taking sides between the US and China, their action should be underpinned by self interest that would promote economic gains and general development of Africa.

China and U.S; Trade War; Economy; Africa.