English abstract
When economic growth is sluggish, it is common for countries to impose protectionist trade
policies, as is the case now. There has been an increase in protectionism since the recent
tariffs on trade imposed by China and United States in their current trade disputes. Trade war
existing between China and U.S was sparked by the anti-globalization policies by these
countries, which negatively impacted the global economy. Only a few studies have looked at
the implications of the trade wars by the US-China on nations other than the two economies
(US and China) and those studies haven't examined the GCC region as a whole. There is a
direct link between the Gulf Cooperation Council (GCC) economies and the global economy
because they rely on foreign commerce for growth and development. The GCC (Gulf
Cooperation Council) economy was examined in the current study to establish the impact the
US-China trade war on it. The researcher examined the impact of the US-China trade war on
the GCC's oil prices, GDP, export and import rates, and the stock market through a thorough
examination of the literature. According to the data, GDP, export volume, and imports all
decreased in the Gulf Cooperation Council (GCC) area. Oil prices were also seen to fluctuate.
The research also indicated that trade war had an impact that was negative on stock prices in
the GCC's major stock exchanges. If the conflict continues, the U.S and China ought to hunt
for new trading partners. The GCC should resist protectionist emotions and strengthen its
commitment of Mercantilism, be open to establishing preferential agreements of trade and
position itself as a manufacturing hub globally to build new partners in trade which include
both United States and China.
