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How does the US China trade war affect the economy?

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US exports to China fell by 26.3 percent while exports to the rest of the world increased modestly, by 2.2 percent. China's exports to the US declined by 8.5 percent and its exports to the rest of the world rose by a statistically insignificant 5.5 percent.

what is economy?

This article discusses the word's meaning in terms of commodities and services. For related terms, see Economy (disambiguation). An economy is a region where products and services are produced, distributed, traded, and consumed. It is generally understood to be a social domain that places an emphasis on the behaviours, discourses, and tangible manifestations connected to the creation, utilization, and management of finite resources. One's culture, values, education, technological advancement, history, social organization, political structure, legal system, and natural resources are all major determinants of an economy's processes. These elements determine the parameters and conditions under which an economy operates in addition to providing background and content.

Individuals, enterprises, organizations, or governments are all examples of economic agents.

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