Friends like this: The impact of the US–China trade war on global value chains

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.

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The US–China Trade War: Impact on India and Other Asian Regions

Journal of Asian Economic Integration ◽

10.1177/26316846211038223 ◽

2021 ◽

Vol 3 (2) ◽

pp. 144-168

Author(s):

Rajesh Chadha ◽

Sanjib Pohit ◽

Devender Pratap

Keyword(s):

United States ◽

Bilateral Trade ◽

The United States ◽

Transport Sector ◽

Jel Codes ◽

Policy Responses ◽

China Trade ◽

The Us ◽

Trade War ◽

The Impact

The growing protectionism globally and the outbreak of a major US–China trade war led Indian exports facing higher tariffs. This article has tried to investigate how India should react to the trade tensions between the two largest economies of the world. This will help policymakers in India to assess the impact of the likely developments and choose between different policy responses. In a bilateral US–China trade war, while both the United States and China stand to lose in terms of GDP, exports and imports, India stands to gain. India stands to lose when the US–China trade war applies also to India, which faces higher tariffs from both. India’s losses increase further when India responds by increasing its tariffs on imports from the United States and China. In fact, reducing own tariffs could be a wiser step. Enhancing productivity measures by raising port efficiency and making trade and transport sector more efficient appear to pay dividend. India gains even more from joining the RCEP-like trading block when the United States and China are indulging in bilateral trade war. Last but not least, US–China trade war seems to affect Asian countries, some positively some negatively. JEL Codes: F13, C68, F14

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Comment on “Evaluating the Impact of the US–China Trade War”

Asian Economic Policy Review ◽

10.1111/aepr.12289 ◽

2019 ◽

Vol 15 (1) ◽

pp. 96-97

Author(s):

Chalongphob Sussangkarn

Keyword(s):

China Trade ◽

The Us ◽

Trade War ◽

The Impact

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US-China trade war: Impact on chemical exporting firms from India to US

Corporate Governance and Sustainability Review ◽

10.22495/cgsrv5i1p8 ◽

2021 ◽

Vol 5 (1) ◽

pp. 75-84

Author(s):

Areej Aftab Siddiqui ◽

Parul Singh

Keyword(s):

Positive Impact ◽

Trade Patterns ◽

Exporting Firms ◽

China Trade ◽

The Us ◽

Policy Measures ◽

Trade War ◽

The Difference ◽

The Right ◽

The Impact

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

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US-China trade war: Russia's risks

Issues of Risk Analysis ◽

10.32686/1812-5220-2020-17-2-56-65 ◽

2020 ◽

Vol 17 (2) ◽

pp. 56-65

Author(s):

O. V. Ignatova ◽

O. A. Gorbunova

Keyword(s):

United States ◽

The United States ◽

Economic Relations ◽

China Trade ◽

International Economic Relations ◽

The Us ◽

The World ◽

The Russian Federation ◽

Trade War ◽

The Impact

The article is devoted to one of the urgent problems of the world economy: the trade opposition of the United States and China. Due to the fact that these countries occur to be the largest economies in the world, their conflict cannot in one way or another be reflected in other subjects of international economic relations. The article analyzes the main stages of the trade war between the United States and China and formulates the causes of the crisis.On the basis of a regional approach and analysis of statistical data it became possible to make an assessment of the effects that the US-PRC rivalry has on mutual trade, investment and energy cooperation between Russia and China. It is noted that in connection with the trade conflict, Russian-Chinese relations are reaching a new level of development, the number of joint economic projects is growing. However, the confrontation between the United States and China brings not only opportunities, but also risks for Russia. The authors make a forecast about the impact of the trade war on the economy of the Russian Federation in the short and medium term.

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The Impact of the US–China Trade War on the European Union

Global Journal of Emerging Market Economies ◽

10.1177/0974910119896642 ◽

2020 ◽

Vol 12 (1) ◽

pp. 56-68 ◽

Cited By ~ 1

Author(s):

Sebastien Goulard

Keyword(s):

European Union ◽

The European Union ◽

European Policy ◽

Trade Disputes ◽

Eu Member States ◽

China Trade ◽

The Us ◽

The Usa ◽

Trade War ◽

The Impact

Since April 2018, the USA and China have been engaged in a trade war. Because of the importance of these two countries in world trade, this dispute does affect not only the Chinese and American economies but also the entire world. Several studies have shown the impact of this dispute on different countries in Asia, but little was done to study the effect on European Union (EU) member states. The trade war between the USA and China should not let us forget the trade disputes between Washington and Brussels on one hand and EU–China trade differences on the other hand. This article will take stock of European policy towards the USA and China in this trade war; we will study the consequences of the US–China trade war on the exchanges between Europe and China and analyze the possible diversion created by this trade war for the European market.

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