The Regional Comprehensive Economic Partnership and Its Impact on the US-China Trade War.

Economists argued that the influence of globalization presented by Regional Comprehensive Economic Partnership and other multinational partnerships created an integrated global economy which made major markets dependent on; so arguably, it is impossible to impose a strategy to retaliate the linear progression of the world economy by retrieving the international trade agreements that bring together China and the United States. The Trump administration has highlighted economic protectionism against "unfairness", but is inevitable, this strategy is no longer viable in contemporary foreign policy, given that the world is no longer unipolar and that the United States is defying a fierce competition by China, a major economic powerhouse. Despite its benefits and trade diversion to RCEP member countries, is insufficient to counteract the negative impacts of the US-China trade war, according to this study. For the period of 2018-30, a macroeconomic data projection was utilized to create the baseline scenario for this period. This is the anticipated development path of the global economy if no changes are made to trade policy, sometimes known as the "business Gross domestic product (GDP) and gross investment (GIP) macroeconomic data". The research is based on data from the World Bank, which is comprised of 140 nations, 57 sectors/commodities, and 17 regions and 30 sectors were included in this study from year 2012 till year 2017. [ABSTRACT FROM AUTHOR]