Author(s)

Shuiyan Yan

Corresponding Author

Shuiyan Yan

ABSTRACT

Since 2007, the overall economic development of the world has shown a slowdown, but the manufacturing industry has basically maintained steady development, which has also led to an increase in the total amount of international investment and trade. China's social and economic development has gradually changed from a growth phase to a quality phase. The “Belt and Road” Initiative is not an economic entity or a political and economic organization, but a strategic vision that China has put forward for cooperation and development. Eliminating trade barriers and achieving trade intercommunication is one of the important elements of the “Belt and Road” strategy. For a long time, the United States has been China's second largest partner. The two countries have strong economic complementarities, close trade relations, and trade frictions are becoming more frequent. Under the conditions of the “Belt and Road”, China-US trade will face another friction. How to solve such trade friction is the focus of inquiry.

KEYWORDS

Trade War, Trade Friction, Belt and Road, Strategic Planning, International Trade