US Trade Actions Against China: A Supply Chain Perspective

2020 ◽  
Vol 55 (3) ◽  
pp. 337-371 ◽  
Author(s):  
Terrie Walmsley ◽  
Peter Minor
Keyword(s):  
Supply Chain ◽  
Global Economy ◽  
The United States ◽  
Chain Model ◽  
Supply Chain Model ◽  
The Us ◽  
The World ◽  
The Usa ◽  
Trade Analysis ◽  
Global Trade Analysis Project

In 2018, the United States (US) Administration initiated several trade actions, including tariffs on China for unfair trade practices outlined by the US Trade Representative (USTR). In response, China filed requests for consultations with the World Trade Organization (WTO) and has implemented or threatened to implement increased tariffs on US products. In this article, the implications of current and potential US trade actions and responses by China on the US and global economy are estimated. We employ a dynamic supply chain model based on the widely used Global Trade Analysis Project (GTAP) Data Base and model. Our analysis finds that US gross domestic product (GDP) would be reduced by a projected –0.86 per cent in 2030 (or US$227.8 billion in 2017 dollars), as the role of the USA in global supply chains declines significantly. China’s GDP would also decline considerably by 2.84 per cent as a result of the actions imposed against it, while the rest of the world gain, as they fill the gaps left by US and Chinese producers. JEL: F16, C68

scholarly journals The USA, Russia and China as a Center of Influence in Global Economy

2021 ◽  
Vol 92 ◽  
pp. 09009
Author(s):  
Irina Minakova ◽  
Tatyana Bukreeva ◽  
Olga Solodukhina ◽  
Artyom Golovin
Keyword(s):  
United States ◽  
Global Economy ◽  
International System ◽  
Value Added ◽  
The United States ◽  
Interstate Relations ◽  
The Us ◽  
The World ◽  
The Usa ◽  
Key Issues

Research background. Due to the significant role that the United States, Russia and China play in the world political and economic processes, US-Russia-China relations can be recognized as the most important interstate relations in the world, setting the direction for the transformation of the international system. Nowadays, the study of these trilateral relations is a relevant scientific task. The authors, on a systematic basis, have investigated the aspects of interaction between the USA, Russia and China in the modern economy, which opened the way for solving the key issues of international relations. The authors have published several papers on this issue in Russia and abroad, including publications in Scopus and Web of Science indexed journals. Purpose of the article is to analyse the US-Russia-China relations and to determine the directions of their development in the context of globalization of the world economy. Methods. To analyse the interests, a systematic method was used that allows considering the interests of the United States, China and Russia as an holistic, complex mechanism with elements constantly interacting with each other. Findings & Value added. Despite geographical, linguistic, religious, and other distinctions, the United States, China, and Russia have a lot in common. There were historical periods of active and positive cooperation between these three major superpowers. In our opinion, in spite of the current contradictions between the parties, Russia, China and the United States have a mutual concern in harmonizing trilateral interests. However, the existed contradictions are not insoluble.

United States and Its Challenge to Multilateralism in the Global Economy

2018 ◽  
Vol 74 (4) ◽  
pp. 402-419
Author(s):  
Krishnakumar S.
Keyword(s):  
United States ◽  
Global Economy ◽  
World Economy ◽  
Foreign Exchange Market ◽  
Bilateral Trade ◽  
Developing Economies ◽  
The United States ◽  
The Us ◽  
The World ◽  
Merchandise Trade

With Donald Trump as President of United States, multilateralism in the world economy is facing an unprecedented challenge. The international economic institutions that have evolved since the fifties are increasingly under the risk of being undermined. With the growing assertion of the emerging and developing economies in the international fora, United States is increasingly sceptical of its ability to maneuvre such institutions to suit its own purpose. This is particularly true with respect to WTO, based on “one country one vote” system. The tariff rate hikes initiated by the leader country in the recent past pose a serious challenge to the multilateral trading system. The paper tries to undertake a critical overview of the US pre-occupation of targeting economies on the basis of the bilateral merchandise trade surpluses of countries, through the trade legislations like Omnibus Act and Trade Facilitation Act. These legislations not only ignore the growing share of the United States in the growing invisibles trade in the world economy, but also read too much into the bilateral trade surpluses of economies with United States and the intervention done by them in the foreign exchange market.

TRAITS OF SUCCESSFUL BUSINESS OWNERS: A COMPARATIVE STUDY OF ENTREPRENEURS IN SINGAPORE, THE USA, RUSSIA AND KAZAKHSTAN

1998 ◽  
Vol 06 (03) ◽  
pp. 257-268 ◽  
Author(s):  
ANATOLY V. ZHUPLEV ◽  
FRED KIESNER ◽  
ASYLEECK B. KOZHAKHMETOV ◽  
WEE LIANG TAN ◽  
ALEXANDER KONKOV
Keyword(s):  
The United States ◽  
Business Owners ◽  
Business Climate ◽  
Global Business ◽  
Training Environment ◽  
The Us ◽  
The World ◽  
The Usa ◽  
Indigenous Entrepreneurs ◽  
Economic Future

This paper discusses the differences and similarities between the attitudes of entrepreneurs in four distinctly different localities of the world, with regard to the traits they believe to be important to their success as entrepreneurs. Over four hundred entrepreneurs were studied in four different countries: The United States, Singapore, Russia, and Kazakhstan. The US represents a more developed and established training environment. Singapore is one of the exciting "Tiger" countries and is embarking on a major thrust aimed at developing indigenous entrepreneurs. Russia and Kazakhstan are countries struggling to develop entrepreneurship as they attempt to enter the international market economy. Kazakhstan, though a much smaller country, is making far better progress in developing entrepreneurship than is Russia. The findings reveal the differences in attitudes and traits of entrepreneurs in differing ambiences of experience, economic development, and cultural experiences. In the increasingly smaller global business climate of today, this is important information to consider. As is the case with the authors of this study, business owners and entrepreneurs are all interacting with entrepreneurs in other countries of the world, and we must discover how we are similar, and how we differ, if we are to successfully interact and build a powerful entrepreneurial economic future.

scholarly journals Towards a Neo-bipolar Model of the World Order: Scouting Game in Africa

2019 ◽  
Vol 12 (3) ◽  
pp. 6-29
Author(s):  
L. L. Fituni
Keyword(s):  
United States ◽  
World Economy ◽  
World Order ◽  
The United States ◽  
New World Order ◽  
Global Order ◽  
The Us ◽  
The World ◽  
The Usa ◽  
General Movement

The article lays out a hypothesis that the global order slides into a new bipolarity in the context of the escalating geo-economic and geopolitical confrontation between the two poles that currently dominate the world - the United States and China. The neo-bipolar construction cannot yet be regarded as an established new world order, but the general movement of the world economy and international relations in this direction is obvious. The neo-bipolar bipolar confrontation manifest itself with varying intensity in different regions of the world. The author argues that at present the peripheral regions which are strategically important for the prospects of competition are becoming an important testing ground for relatively “safe” elaboration of methods and tactics of geo-economic rivalry and h mutual exchange of systemic attacks. Today, Africa has become practically the leading theater of the new bipolar confrontation. The article analyzes the economic, military and strategic aspects of the rivalry between the United States and China on the African continent. It provides a comparative analysis of the new African strategies of the two superpowers adopted at the end of 2018. The author asserts that in the context of the emerging global bipolarity, the strategies of the USA and China represent antagonistic programs based on fundamentally different initial messages. In the case of the US strategy, this is to deter by denial the spread of the competitor’s influence using tough policies, including forceful (while not necessarily military) confrontational actions. While China seeks to neutralize the opposition of the United States and its allies to Beijing’s expansion on the continent and to win the freedom of interaction with any partners in Africa causing minimal direct confrontation possible. Therefore, despite the seemingly “peripheral” importance of the confrontation on the continent, for the establishment of a neo-bipolar world order, the proclamation of the new US regional geopolitical strategy, which focuses on the containment of China in the name of protecting democracy and independence, can serve not only for Africa, but for the whole planet the same milestone signal as Churchill’s Fulton speech for the final advent of bipolarity in the postwar world.

Prospects for the global economy to end-2019

2019 ◽  
Keyword(s):  
United States ◽  
Fiscal Policy ◽  
World Trade ◽  
Global Economy ◽  
World Economy ◽  
The United States ◽  
Content Type ◽  
The Us ◽  
The World

Subject Prospects for the global economy to end-2019. Significance The world economy is likely to grow by around 3% this year. This is the lower end of the 3.0-3.5% range expected six months ago. World trade is weakening amid the US-China conflict and productivity is not picking up. China is expanding fiscal policy and others may follow, perhaps Germany and the United States. Monetary tightening is off the table and some countries may loosen policy. However, this will mainly shore up growth rather than raising it.

An SFL Approach to Biden’s Inauguration Speech after Winning the Presidential Election: Compensation

2021 ◽  
Vol 3 (1) ◽  
pp. 1-8
Author(s):  
Reza Abbaszadeh
Keyword(s):  
Presidential Election ◽  
Systemic Functional Linguistics ◽  
The United States ◽  
International Agreements ◽  
Critical Approach ◽  
Donald Trump ◽  
Democratic Administration ◽  
The Us ◽  
The World ◽  
The Usa

The US election is an influential event, not just in the USA itself but in the world. The present study aims to analyze Joe Biden’s inauguration speech after winning the presidential election in January 2021 and becoming the 46th president of the United States. Moreover, this paper attempts to investigate the USA’s possible policies toward their own nation and, of course, the other countries. This analysis goes through predicting probable upcoming policies of Biden’s administration comparing to the previous president of the USA, Donald Trump, who breached several international agreements. To this end, Halliday’s systemic functional linguistics (SFL) (Halliday, 1978; Halliday & Matthiessen, 2014) has been employed in Biden’s first speech after winning the election and beginning of the democratic administration to observe his political intentions by means of a critical approach and using appraisal resources of Martin and White (2007) to clarify the attitude, graduation, and engagement of his speech. Overall, designating the number of vocabularies related to any of the mentioned appraisal resources, it is concluded that Biden’s tendency, based on his inauguration speech and the lexical and grammatical (‘lexicogrammar) choices, is to compensate Trump’s actions, such as breaching 2015 JCPOA agreement and breaking 2015 Paris Climate Accord, and make peace with whom Trump had fueled conflicts.

scholarly journals Comprehensive Broiler Supply Chain Model with Vertical and Horizontal Linkages: Impact of US–China Trade War and USMCA

2020 ◽  
Vol 52 (3) ◽  
pp. 368-384
Author(s):  
Hakan Unveren ◽  
Jeff Luckstead
Keyword(s):  
International Trade ◽  
Supply Chain ◽  
Soybean Meal ◽  
Value Added ◽  
Production Costs ◽  
Chain Model ◽  
China Trade ◽  
Supply Chain Model ◽  
The Us ◽  
Trade War

AbstractThis paper builds a comprehensive supply chain model of the US broiler industry that accounts for corn and soybean meal, feed mills, breeders, hatcheries, grow-out farms, broiler processing, value-added processing, and international trade. The model is calibrated and simulated to analyze the effects of (1) corn and soybeans tariffs imposed by China and (2) change in the Canadian tariff-rate quota proposed under US–Mexico–Canada–Agreement. The first scenario indicates that feed price falls while supply increases, which decreases the production costs of breeders and grow-out farms. The second scenario shows that exports to Canada rise at the expense of exports to Mexico.

scholarly journals Global inequality and the Trump administration

2019 ◽  
Vol 45 (3) ◽  
pp. 502-510 ◽  
Author(s):  
Frederick W. Mayer ◽  
Nicola Phillips
Keyword(s):  
United States ◽  
Environmental Protection ◽  
Global Economy ◽  
The United States ◽  
Global Inequality ◽  
Welfare Provision ◽  
Us Economy ◽  
The Us ◽  
The World ◽  
Trump Administration

AbstractSince US President Donald J. Trump took office in January 2017, the future of the global economy has looked distinctly uncertain. This is not because a process of clear and purposeful change can be said to be underway. Instead, it is because of a pattern of piecemeal, inconsistent and contradictory fragments of policy, both domestic and international in orientation, in the arenas of trade, taxation, business relations, finance and banking, social and welfare provision, immigration, and environmental protection, whose cumulative significance remains unclear. The modest task of this essay is therefore to sketch the contours, patterns, inconsistencies and confusions presented by the Trump administration's approach to shaping the US economy and, by extension, the global economic order, and on that basis to offer an interpretation of its emerging implications for inequality both within the United States and across the world.

scholarly journals Threats to Contemporary Economic Order

2020 ◽  
pp. 69-76
Author(s):  
Janusz Klisiński
Keyword(s):  
Financial Crisis ◽  
Liberal Democracy ◽  
Global Economy ◽  
Global Financial Crisis ◽  
The United States ◽  
Economic Order ◽  
The Us ◽  
The World ◽  
Us Dollar ◽  
The 2008 Financial Crisis

The biggest threats to contemporary economic order were chronologically the bipolarity of the world after 1945, in which one of the poles despised money and the other based its prosperity on money. An attempt to create a unipolar world already dominated by the US dollar, practically was hardly acceptable. The US showed its strength when Japan in 1995 became a pretender to be No. 1 in the global economy. Also in 2008, American banks triggered a global financial crisis by creating bubbles of toxic real estate loans. The 2008 financial crisis also started a crisis of liberal democracy. China was much more powerful than Japan as the next pretender to become No. 1 in the global economy. About it can be seen as the beginning of a global conflict between the United States and China. In addition, the coronavirus pandemic has stopped globalization and is causing a global crisis.

scholarly journals U.S.-China trade war and its impact on the world economy

2020 ◽  
pp. 19-36
Author(s):  
Byambakhand Luguusharav ◽  
Bolormaa Budjav
Keyword(s):  
United States ◽  
Global Economy ◽  
World Economy ◽  
Presidential Elections ◽  
Trade Agreement ◽  
The United States ◽  
China Trade ◽  
The Us ◽  
The World ◽  
Trade War

Republican candidate Donald J. Trump, who ran in the 2016 US presidential elections with a slogan “Make America Great Again” defined his foreign policy as “America First”. He set out to balance the long-running deficit of the United States, which led to the US-China trade war. The war not only affected the economies of Washington and Beijing but also it had a devastating effect on the world economy. The first part of the article discusses the concept of a trade war, while the second part analyzes the origins, causes, and course of the trade war between the United States and China, and the trade agreement between the two countries that have temporarily stopped the trade war. At the end of the article, the positive and negative implications of the US-China trade war on the economies of both countries and the global economy will be reviewed. АНУ-БНХАУ-ын худалдааны дайн, дэлхийн эдийн засагт үзүүлсэн нөлөө Хураангуй: АНУ-ын Ерөнхийлөгчийн 2016 оны сонгуульд “Америкийг дахин агуу болгоё” гэсэн мөрийн хөтөлбөртэй оролцсон Д.Трамп ялалт байгуулж, өөрийн гадаад бодлогыг “Америкийг эн тэргүүнд тавих” хэмээн тодорхойлсон юм. Улмаар тэрээр олон жилийн туршид асар их алдагдалтай явж ирсэн Америкийн гадаад худалдааны балансыг тэнцвэржүүлэх зорилт дэвшүүлсэн нь АНУ- БНХАУ-ын худалдааны дайн гарахад нөлөөлсөн. Энэ дайн нь Вашингтон, Бээжингийн эдийн засагт нөлөөлөөд зогсохгүй дэлхийн эдийн засгийг доргилтонд оруулаад байна. Толилуулан буй өгүүллийн эхний хэсэгт худалдааны дайны тухай ойлголтыг авч үзэх бол хоёрдугаар хэсэгт АНУ-БНХАУ-ын хооронд өрнөсөн худалдааны дайны үүсэл, шалтгаан, өрнөл, энэ дайныг түр зогсоогоод байгаа хоёр улсын худалдааны хэлэлцээрт дүн шинжилгээ хийнэ. Өгүүллийн төгсгөлд, АНУ-БНХАУ-ын худалдааны дайн нь хоёр улсын эдийн засагт төдийгүй дэлхийн эдийн засагт үзүүлсэн эерэг, сөрөг нөлөөлийн талаар дүн шинжилгээ хийсэн болно. Түлхүүр үгс: АНУ, БНХАУ, худалдааны дайн, дэлхийн эдийн засаг, тариф

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