Analysis of the Causes of Trade War Between the US and China and its Impact on Selected Asian Countries

2021 ◽  
pp. 121-139
Author(s):  
Rajib Bhattacharyya
Keyword(s):  
Asian Countries ◽  
The Us ◽  
Trade War

The Backlash Against Neoliberal Globalization from Above: Elite Origins of the Crisis of the New Constitutionalism

2021 ◽  
pp. 026327642199944
Author(s):  
Quinn Slobodian
Keyword(s):  
Free Trade ◽  
Steel Industry ◽  
Status Quo ◽  
Current Crisis ◽  
Neoliberal Globalization ◽  
Corporate Elite ◽  
The Us ◽  
The Status ◽  
Trade War ◽  
Multilateral Treaty

This article recounts the backlash against the neoliberal constitutionalism that locked in free trade and capital rights through the multilateral treaty organizations of the 1990s. It argues that we can find important forces in the disruption of the status quo among the elite losers of the 1990s settlement. Undercut by competition from China, the US steel industry, in particular, became a vocal opponent of unconditional free trade and a red thread linking all of Trump’s primary advisers on matters of trade. Steel lobbyists themselves helped frame a critique of actually existing neoliberal globalism, which Trump both adopted and acted on as part of his trade war. By searching for the contemporary attack on neoliberal constitutionalism among the disgruntled corporate elite, we find that our current crisis must be framed as a backlash from above as well as one from below.

The great Chinese surprise: the rupture with the United States is real and is happening

2020 ◽  
Vol 96 (2) ◽  
pp. 419-437
Author(s):  
Xiangfeng Yang
Keyword(s):  
United States ◽  
The United States ◽  
Donald Trump ◽  
Ample Evidence ◽  
Pendulum Swing ◽  
The Us ◽  
Methodological Problems ◽  
Trade War ◽  
The Stability ◽  
The Individual

Abstract Ample evidence exists that China was caught off guard by the Trump administration's onslaught of punishing acts—the trade war being a prime, but far from the only, example. This article, in addition to contextualizing their earlier optimism about the relations with the United States under President Trump, examines why Chinese leaders and analysts were surprised by the turn of events. It argues that three main factors contributed to the lapse of judgment. First, Chinese officials and analysts grossly misunderstood Donald Trump the individual. By overemphasizing his pragmatism while downplaying his unpredictability, they ended up underprepared for the policies he unleashed. Second, some ingrained Chinese beliefs, manifested in the analogies of the pendulum swing and the ‘bickering couple’, as well as the narrative of the ‘ballast’, lulled officials and scholars into undue optimism about the stability of the broader relationship. Third, analytical and methodological problems as well as political considerations prevented them from fully grasping the strategic shift against China in the US.

scholarly journals The Dimensions of the US-China Trade War

2020 ◽  
Vol 3 (1) ◽  
pp. 47-55
Author(s):  
Mohamad Zreik
Keyword(s):  
United States ◽  
Indian Ocean ◽  
Free Trade ◽  
The United States ◽  
Bilateral Agreements ◽  
China Trade ◽  
The Pacific ◽  
The Us ◽  
The Indian Ocean ◽  
Trade War

AbstractThe Chinese Ministry of Commerce issued a statement Friday morning, July 6, 2018, confirming the outbreak of a trade war between the United States and China. The statement came after the United States imposed tariffs on many Chinese goods, in violation of international and bilateral agreements, and the destruction of the concept of free trade which the United States calls for following it. It is a war of opposite directions, especially the contradiction between the new Trump policy and the Chinese approach. The proof is what US Defense Secretary James Matisse announced in Singapore in early June 2018 of “the full strategy of the new United States, in the Indian Ocean and the Pacific,” where China was the “sole enemy of the United States” in China’s geostrategic region. Intentions have become publicized, and trade war between the two economic giants is turning into a reality. This paper will give an overview of the US-China scenario of trade war, then a focused analysis on the Trump’s administration economic decision regarding China, and the consequences of this decision.

The Thucydides Trap as an Alternative Explanation for the US–China Trade War

2020 ◽  
Vol 12 (1) ◽  
pp. 42-55 ◽  
Author(s):  
Imad A. Moosa
Keyword(s):  
Alternative Explanation ◽  
Bilateral Trade ◽  
National Income ◽  
Trade Deficit ◽  
Basic Principles ◽  
China Trade ◽  
The Us ◽  
The Usa ◽  
Thucydides Trap ◽  
Trade War

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.

scholarly journals Forecasting Bitcoin returns: is there a role for the US–China trade war?

2021 ◽  
Author(s):  
Vasilios Plakandaras ◽  
Elie Bouri ◽  
Rangan Gupta
Keyword(s):  
China Trade ◽  
The Us ◽  
Trade War

Conclusion: the sword or the spirit?

2017 ◽  
Author(s):  
Jude Woodward
Keyword(s):  
Cold War ◽  
Middle East ◽  
Economic Power ◽  
Asian Countries ◽  
China’S Rise ◽  
Pivot To Asia ◽  
The Us ◽  
China's Rise ◽  
The Cold War

This book has considered the US decision to ‘pivot’ to Asia aiming to preserve its global primacy by containing China. Seeking to boost US influence among China’s neighbours, while painting China as a dangerous revisionist power and regional aggressor, its policy has parallels with the Cold War. But when the US embarked on its confrontation with the USSR it was at the height of its economic power. Today in courting Asian allies it has had little to offer but the power of its military machine. So while the US has made some progress in re-building its influence in the affairs of the region, it has been far from enough to stall China’s rise or to convince other Asian countries to break with China. Moreover on-going distractions in the Middle East, domestic opposition to the TPP, and other troubles mean it has not even been able to concentrate its resources on China, undermining confidence in the seriousness of its turn to Asia. As a result the US has failed to drive a decisive wedge between China and any neighbours apart from Japan and not been able to inflect its increased presence in the region into a more substantive advantage.

China’s Indigenous Innovation Policies

2019 ◽  
Vol 11 (02) ◽  
pp. 5-12
Author(s):  
Erik BAARK
Keyword(s):  
Public Procurement ◽  
Technical Standards ◽  
China Trade ◽  
The Us ◽  
Indigenous Innovation ◽  
Trading Partners ◽  
International Trading ◽  
Trade War ◽  
Key Industries ◽  
Innovation Policies

Policies promoting indigenous innovation were launched in 2006. The aim was to use public procurement, support for megaprojects in science and technology, and the development of technical standards for key industries to encourage Chinese firms to develop their own intellectual property. These policies have been criticised by international trading partners, and remain a major issue in the US–China trade war. Nevertheless, China will no doubt continue to support indigenous innovation.

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