The “One Belt and One Road” (OBOR) project was started by the Chinese government with the aim of achieving sustainable economic development and increasing cooperation with other countries. This project has five major objectives, which include (i) increasing trade flow, (ii) encouraging...

This study examines the trade flows between the U.S. and China to find the effect of changes in the renminbi on the U.S. trade deficit. The conclusions reveal that the U.S. imports from China are more sensitive to changes in the U.S. income than the U.S. exports to China to the changes in the...