The Analysis of Economic Relations between the USA and China with a Focus on Foreign Trade

This bachelor thesis analyzes economic relations between the USA and China. The aim of this thesis is to analyze economic relations between the USA and China with a focus on foreign trade. The thesis consists of four chapters. The first chapter is an introduction to trade policy and its instruments, furthermore there is an introduction to the World Trade Organization. In the second chapter, the economies of the USA and China are introduced using the development of different macroeconomic indicators since the beginning of the millennium. The third chapter is about the roles of the USA and China in international trade and their commodity and territorial structures of foreign trade are compared. The fourth chapter is about economic relations between the USA and China. Trade related problems, channels of cooperation and the trade deficit that the USA has with China are described in this chapter. This is followed by information about the US presidential election in 2016 and the estimate of future developments in US-China trade relations