U.S-China trade war:opportunities for Turkish exports

Global economy works best when goods, services, people, capital, and ideas flow freely and openly across national boundaries (Tan D, and Chen C 2019). The current economic boom and prosperity that we are enjoying is due to a large part, the benefits of international trade and the globalization of cross-border trade (Tan D, and Chen C 2019). Although trade among nations makes the involved parties and the whole world better off, yet its prone to one of the most disputable of political issues both domestically and between governments (McDonald B. 2018). As top number one and two countries in the world in terms of economic volume, the trade frictions between U.S. and China was always a matter of disagreement between the two nations as it was an a topic of discussion among the scholars and researchers (Zhu Z, Yang Y, and Feng S. 2018). .Since they established diplomatic relations in 1979, Sino-US trade volume developed rapidly, particularly after China joined the United Nations. Their total trade increased from $5 billion in 1980 to $583.7 billion in 2017. In other words, the trade volume between U.S and China increased more than 116 folds within a period of 37 years. China is the American biggest import market. In addition, since China surpassed Canada in 2015 for the first time, China has been the American largest cargo trading partner (Zhu Z, Yang Y, and Feng S. 2018).