US-China trade negotiation discourses in the press

Author(s):  
Jiayu Li

Abstract This article studies trade negotiation discourses during the US-China tariff truce, aiming at investigating the difference of ideologies of the U.S. and China journalists towards trade negotiation. Through integration of theories and methods of corpus linguistics and critical discourse studies and the use of the corpus linguistic software, the study finds that U.S. reports to some extent make itself appear as a victim of the trade, and hope to end unfair trade practices and reduce the chronic trade deficit, while China press focuses more on the harm of raising tariffs not just to each other but the global economy, through communication and dialogue rather than unilateral measures to peacefully resolve trade tensions. Perceived differences in culture have an important influence in the theoretical formation of the differences. The article concludes that the discourse patterns of the coverage imply a rising China and a new level of equilibrium in international politics.

Author(s):  
Sunkung Danso

This paper uses a systematic literature review to discuss US-China trade tension. The study discusses the US-China trade tension and its impact on the global economy because the US-China trade war is imminent at the point in time since President Trump came to power in 2016. This research aims to examine how US-China trade tension is unfolding and the significant change of this trade tension on the world economy. The systematic literature review was engaged to capture the sequence of the event as they are happening between the US and China with regards to trade barriers. This research reviewed 19 peer-review journals and some news items and WTO resources relevant to this study. This study revealed that the US-China trade tension has affected consumer goods to some extent but it may not affect the global economy currently. However, it is evident that in the long-run; the US-China trade war will have an impact on the lives of people and the global economy if the issue continues to intensify. In conclusion, the economy of the US has declined drastically by 0.8% while China also experience 0.4% fall in the economy in 2019. The impact is currently not severe on the global economy but if the tension continues it might have a negative impact on the global economy. The trade deficit is getting wider between China and the US.


2020 ◽  
Vol 12 (1) ◽  
pp. 42-55 ◽  
Author(s):  
Imad A. Moosa

The current trade war between the USA and China is perceived to be motivated by the US desire to curtail the bilateral trade deficit, on the assumption that reducing the deficit boosts economic growth. This flawed proposition indicates gross misunderstanding of the national income identity and the basic principles of macroeconomics. The imposition of tariffs will not reduce the trade deficit as the assumptions and conditions required for a smooth working of the process are unrealistic and counterfactual. The notion of an economic Thucydides trap is put forward to explain why the trade war is motivated by US apprehension about China’s rising economic power.


2019 ◽  
Vol 2019 (256) ◽  
pp. 129-146 ◽  
Author(s):  
Lexi Webster

Abstract This article analyses identity constructions and representations of self-identifying transgender individuals on a web-based forum. Although the forum is aimed towards all transgender users, the primary user-group are transfeminine users (intending on) undergoing medico-surgical interventions to align their physiology and identity. The data for this analysis are initial text posts from the forum board used for introductions (i.e. new users of the forum introducing themselves). The article assumes that introductions are the context in which one asserts key identity features; hence, this board is the most pertinent for analysing identity construction. In this article, I use a combination of corpus linguistics and Critical Discourse Studies tools to analyse the use of pronouns and gender-indexical nouns in identity constructions and the representation of social categorisations. This article is an attempt to demonstrate that transgender is not a collective homogeneous identity, and that gender-sex incongruence may not be a salient identity feature for some forum-users. I also examine the ideologies (re)produced in the local forum-communication discourse, and the evaluation of hegemonic practices within transgender discourse and wider gender discourse to further demonstrate the heterogeneity of transgender identity.


Author(s):  
Victor Adjarho Ovuakporaye

This paper aims to explore the US-China trade war by looking at various issues surrounding the US-China trade relation. The US-China trade war had been imminent since January 2018, meritoriously commenced on 6 July 2018, which is still ongoing. The US imposed sanctions on various Chinese goods, which was counter by the Chinese side also. Both side have felt the effect of the trade war though China felt the impact more than United States. Though, both nations have recently held positive trade talks which leads to the first phase of negotiation the trade war is still ongoing. If the partnership between the United states and China collapses, this will also end up harming the global economy severely since they are crucial cornerstones of the international economy.


2020 ◽  
Vol 13 (1) ◽  
pp. 37-44
Author(s):  
Yongqing Wang

Purpose It is a common view to Trump administration and public that devaluation of Chinese currency is the origin of the US trade deficit. However, the previous literature does not support this common view. To better understand the causes of the US trade imbalances with China, this study aims to review the previous literature focusing on the causes of bilateral trade imbalances between the USA and China. Design/methodology/approach Review previous literature according to the different reasons that each paper studies. Findings Based on the previous literature, the Chinese exchange rate is not the main reason for the US trade imbalances. The official US trade figures overestimate the amount of deficit. The actual causes for the US trade deficit with China perhaps should be the relocation of production to China, low saving in the USA and high saving in China, and the US dollar as the international currency and reserve. Originality/value By reviewing previous literature, the authors could better understand the puzzle of the US trade deficit with China.


FEDS Notes ◽  
2021 ◽  
Vol 2021 (2945) ◽  
Author(s):  
Hunter L. Clark ◽  
◽  
Anna Wong ◽  

The United States' bilateral goods trade deficit with China appeared to have narrowed substantially since the escalation of the U.S.-China trade conflict in 2018, or so U.S. trade data suggest. By contrast, the Chinese data tell a much different story: the deficit, as implied by China's bilateral surplus, nearly reached historical highs by the end of 2020.


2021 ◽  
Vol 5 (1) ◽  
pp. 75-84
Author(s):  
Areej Aftab Siddiqui ◽  
Parul Singh

With the onset of the US-China trade war in July 2018, the trade patterns between China, the US, and India have undergone a tremendous change. The number of products in which China had a competitive advantage in terms of exports to the US has declined in the last 9 months. A number of developing countries may be benefitted from the ongoing tariff war between the US and China, like Vietnam, Brazil, India, and Korea. In the present study, an attempt has been made to analyse the impact of the US-China trade war on exports of India to the US. The sector which has been selected is the chemical sector comprising of organic and inorganic chemicals as chemicals are one of the top-exported products from India to the US. To analyse the impact, the difference-in-differences technique of regression has been applied. The results indicate that after July 2018, i.e., the commencement of the US-China trade war, the impact on firms exporting chemicals from India to the US has been significant and firms in India may be a potential source for chemicals for the US provided the right policy measures are exercised in India. The results indicate that the trade war between the US and China has had a positive impact on the chemical exports from India to the US. The chemical exports from India to the US have increased post-July 2018, though not at a steep rate. This indicates that India has the potential to export chemicals to the US


2020 ◽  
Vol 23 (2) ◽  
pp. 151-187
Author(s):  
Sumit Agarwal ◽  
◽  
Yongheng Deng ◽  
Jia He ◽  
◽  
...  

The global economy is in the midst of a recession triggered by the ongoing pandemic of a novel coronavirus disease (COVID-19). The shutdown of the economy and a surge in the unemployment rate also cause stress to the US housing and mortgage system and create significant impacts on the default behaviour of mortgage borrowers. The potential rise in mortgage defaults may renew the long-standing debate over the empirical observation of why some mortgage borrowers do not default as "ruthlessly¨ as the finance theory predicts. In this paper, we propose an alternative theory to explain for the different default behaviours among mortgage borrowers. We hypothesize that the difference among time preferences across mortgage choices is one of the underlying factors that causes the heterogeneity in default patterns. Borrowers can either have a present-biased preference (overvaluing immediate outcomes), or a time-consistent preference (with standard exponential discounting). Borrowers with a present-biased preference are more likely to accept back-loaded mortgages that minimize up-front costs, even though this increases their risk of going ¡§underwater¡¨ and entering default when an adverse shock, such as the one from the ongoing pandemic, occurs.


2018 ◽  
Vol 01 (02) ◽  
pp. 1850014 ◽  
Author(s):  
Lawrence J. Lau

Reducing the US-China trade deficit through the imposition of tariffs on Chinese exports to the US risks retaliatory tariffs by China. The net result may be an involuntary reduction of trade between them which lowers the aggregate welfare in both countries. It will be lose-lose. Moreover, the most likely net outcome of these new country-specific tariffs is the substitution of imports from China by imports from other countries on the part of US importers. Thus, while the US trade deficit with China falls, its trade deficit with other countries will rise. The overall US trade deficit with the rest of the world will not be significantly altered. Almost all economists agree that the aggregate US trade deficit with the rest of the world cannot be reduced without a corresponding reduction in the US investment-saving imbalance, taking the US real GDP as given. However, there is an exception: if there is an autonomous (unanticipated) increase in the demand for exports from the US which increases the real GDP of the US in the process, it is possible for the US trade deficit to be reduced. Indeed, a huge potential exists for the US to substantially increase its exports of agricultural commodities, energy, and education and tourism services to China. Finally, we address the question of what constitutes “fair trade”. There does not seem to be a generally accepted economic definition of “fairness”. Any completely voluntary and non-coercive trade at the prevailing market price should be regarded as “fair”.


Significance Spending on infrastructure and populist social policies signed into law ahead of the May midterm elections are putting pressure on the Philippine budget. Impacts More expensive social policies are likely before the 2022 presidential election. Further taxes will likely prompt popular protests targeting the government. The US-China trade conflict and changing Chinese consumption patterns could further dampen exports. A rice tariff law signed into law last month will likely boost agricultural imports. The widening trade deficit will put downward pressure on the peso and upward pressure on interest rates.


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