<abstract xmlns="http://www.w3.org/1999/xhtml"><p>The paper is intended to provide information on the trade war between China and the USA. It analyses the consequences of the trade dispute, discusses the impact on an Austrian company in the steel sector, gives an overview of possible strategies with which companies can reduce the negative effects of tariffs and discusses strategies that are good options for companies in the steel industry. The methodology applied included theoretical and empirical research based on quantitative analysis as well as quantitative research in the form of expert interviews. The results show that the trade war between China and the USA was in full swing until January 2020. The impacts do not only affect the parties involved, but also other parties such as the EU. Companies can use a variety of strategies to mitigate the negative effects of trade wars. The best strategy for a company depends on the structure of the company, its products and its competitors. The paper adds new insights to the existing literature on the trade war between China and the US and its effects, strategies to mitigate the negative effects of tariffs and discussions on optimal strategies for companies in the steel industry.</p></abstract>

The paper is intended to provide information on the trade war between China and the USA. It analyses the consequences of the trade dispute, discusses the impact on an Austrian company in the steel sector, gives an overview of possible strategies with which companies can reduce the negative effects of tariffs and discusses strategies that are good options for companies in the steel industry. The methodology applied included theoretical and empirical research based on quantitative analysis as well as quantitative research in the form of expert interviews. The results show that the trade war between China and the USA was in full swing until January 2020. The impacts do not only affect the parties involved, but also other parties such as the EU. Companies can use a variety of strategies to mitigate the negative effects of trade wars. The best strategy for a company depends on the structure of the company, its products and its competitors. The paper adds new insights to the existing literature on the trade war between China and the US and its effects, strategies to mitigate the negative effects of tariffs and discussions on optimal strategies for companies in the steel industry.

Trade War between the USA and China: Impact on an Austrian Company in the Steel Sector

Naše gospodarstvo/Our economy

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

The paper is intended to provide information on the trade war between China and the USA. It analyses the consequences of the trade dispute, discusses the...

Trade War between the USA and China: Impact on an Austrian Company in the Steel Sector

Published Online: Mar 27, 2020

Page range: 39 - 51

Received: Sep 01, 2019

Accepted: Feb 01, 2020

DOI: https://doi.org/10.2478/ngoe-2020-0004

Keywords
trade war, China, USA, tariffs, EU, strategies

© 2020 Thomas Scheipl et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Trade War between the USA and China: Impact on an Austrian Company in the Steel Sector

Published Online: Mar 27, 2020

Page range: 39 - 51

Received: Sep 01, 2019

Accepted: Feb 01, 2020

DOI: https://doi.org/10.2478/ngoe-2020-0004

Keywordstrade war, China, USA, tariffs, EU, strategies

© 2020 Thomas Scheipl et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Keywords
trade war, China, USA, tariffs, EU, strategies