Trade Wars and Their Impact on National Economies

The article examines the impact of trade wars on the US and Chinese economies and their foreign economic relations. The analysis showed that throughout the considered period of 2016-2023, from the outside it looks like the US-China "war" is a normal trade dispute. China has declared its intention to become the sole leader in the world market not only of goods, but also of technologies. However, the real cause of the conflict is hidden in the global confrontation between the two leading economies, the purpose of which is the actual division of the world into new spheres of influence. To determine the impact of countries' exports on their GDP, appropriate regression models were built. The model for the USA showed that during the period 2000- 2021, the volume of exports from the USA to China had a decisive influence on the GDP of the USA. A similar model for China shows that the most powerful influence on China's GDP comes from the volume of its exports to the United States. Therefore, during the current part of the considered period, the economies of both countries are not only in a state of protracted trade war, but also depend on each other