scholarly journals US–China Trade War: The Tale of Clash Between Biggest Developed and Developing Economies of the World

2019 ◽  
Vol 5 ◽  
pp. 1
Author(s):  
Anjala Kalsie ◽  
Ashima Arora ◽  
◽  
Keyword(s):  
United States ◽  
Developing Economies ◽  
Collateral Damage ◽  
China Trade ◽  
Long Run ◽  
The Us ◽  
The World ◽  
Trade War ◽  
The Impact ◽  
Trade Wars

United States (US) and China are the two largest economies of the world, where the former is the biggest developed economy and the latter is one of the largest developing economies of the world. This paper implores to assess the cause and effect of the US-Sino Trade War. The attempt is to understand the reasons behind the same and its impact on warring economies and collateral damage to the economies of other countries. The experience establishes that trade wars have no winners. The war started in year 2018; the long-run effects of this trade war are still to be seen yet; till date the impact of this crisis has been substantial for both the US and China.

US-China trade war: Russia's risks

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.

scholarly journals US–China Trade War: Russia’s Interests

2019 ◽  
Vol 5 ◽  
pp. 1
Author(s):  
Olga V. Ignatova ◽  
Olga A. Gorbunova ◽  
Olga Yu. Tereshina ◽  
◽  
◽  
...  
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, and 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.

scholarly journals The United States-China Trade War: Empirical Assessment

2020 ◽  
pp. 35-45
Author(s):  
Victor Adjarho Ovuakporaye
Keyword(s):  
United States ◽  
Global Economy ◽  
The United States ◽  
International Economy ◽  
Trade Relation ◽  
Empirical Assessment ◽  
China Trade ◽  
The Us ◽  
Trade War ◽  
The Impact

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.

scholarly journals Statistical Analysis of the Performance of a Big and Open Economy: The Case of the U.S.

2018 ◽  
pp. 10-17
Author(s):  
O. V. Zhuravliov ◽  
О. М. Simachova
Keyword(s):  
United States ◽  
Open Economy ◽  
Developing Economies ◽  
Negative Impact ◽  
The United States ◽  
Us Economy ◽  
The Us ◽  
The World ◽  
Macroeconomic Indicators ◽  
The Impact

The US economy is one of the richest and most diversified economies in the world and keeps its leadership in the global economy for the past 100 years. The United States is a global leader in computer technology, pharmaceuticals and the manufacture of medical, aerospace and military equipment. And although services make up about 80% of GDP, the US remains the second largest producer of industrial goods in the world and is a leader in research and development. President Donald Trump was elected in November 2016, promising a big gap with his predecessor’s regulatory, tax and trade policies. Therefore, the current socio-economic status of the USA and the possible ways of its development in the future are interesting for studying the impact on other economies, in particular, on the Ukrainian economy and the search for new and optimal ways of developing relations between the United States and Ukraine. Key macroeconomic indicators of the US economy in 2011–2018 are analyzed, demonstrating the influence of Donald Tramp’s new policy on changes in the indicators of the economy, the labor market, trade, etc., as well as possible ways of development in the coming years. The review of key macroeconomic indicators gives grounds for classifying the American economy as healthy one. Rates of GDP growth will remain in the range of 2 to 3%. These rates of growth in the world’s largest economy are callable to ensure a substantial increase in the global activity. But uncertainties in the politics may hinder global growth and have clearly negative impact on the investment growth in developed and developing economies.

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

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

USA-China Trade Wars

2020 ◽  
pp. 71-93
Author(s):  
Özlem Toplu Yılmaz
Keyword(s):  
United States ◽  
Trade Liberalization ◽  
United States Of America ◽  
World Trade ◽  
The United States ◽  
China Trade ◽  
The World ◽  
Trade War ◽  
Trade Wars ◽  
Trade Partners

This chapter analyzes the trade war between the United States of America and China. The United States of America and China are the two biggest trade leaders in the world. The United States supported China for its integration to world trade. The United States accused China of pursuing unfair trade policies. The United States increased tariffs against Chinese imports and China undertook retaliation measures against the United States' tariff increases. The two countries entered a period of a trade war and they started to implement protectionist policies on each other. These protectionist policies between the United States and China are seen as trade wars and could affect the world trade liberalization adversely. As they are trade partners too, it is better for both countries to end this war and to reach an agreement, because trade liberalization efforts could fail.

China agreement will not help US manufacturers

2019 ◽  
Keyword(s):  
United States ◽  
The United States ◽  
Trade Negotiations ◽  
Upper Midwest ◽  
Donald Trump ◽  
Content Type ◽  
China Trade ◽  
The Us ◽  
The Impact ◽  
Trade Wars

Subject The impact of the US-China trade wars on US manufacturers. Significance The United States and China reached a tentative agreement in trade negotiations on October 11 that President Donald Trump described as "a substantial phase one deal". The deal, which is yet to be finalised, centres on China's agreement to purchase some 40-50 billion dollars' worth of additional US agricultural goods annually, and Trump's agreement to suspend a planned increase in tariffs on 250 billion dollars' worth of Chinese goods, from 25% to 30%, that was due to take effect tomorrow. However, existing tariffs on both sides remain in place. Impacts A manufacturing recession could lead to greater upper Midwest voters’ discontent. Midwestern voter discontent could help a Democrat win the presidency in 2020, and a populist win the party’s nomination. US-based manufacturers could benefit from new contracts as supply lines are revised, but costs would rise. A second Trump tax cut in 2020 could temporarily help US-based firms avoid competitiveness gaps.

scholarly journals The Impact of Trade War toward Against Indonesian Agriculture Export Products Product

2021 ◽  
Vol 232 ◽  
pp. 02001
Author(s):  
Syahrul Ganda Sukmaya ◽  
Saptana Saptana
Keyword(s):  
United States ◽  
Export Performance ◽  
The United States ◽  
Agricultural Products ◽  
Agricultural Exports ◽  
The Us ◽  
Global Demand ◽  
Trade War ◽  
The Impact ◽  
Trade Wars

In recent history, the ongoing trade war between the United States and China is unparalleled. This research looks at the impact of trade wars on Indonesian agricultural products' competitiveness and export performance. The methods used for this study are NRCA, EPD and CMSA. We find that conditions of the trade war between China and the US affect the competitiveness and competitiveness of Indonesian agricultural products in the destination countries. The impact of the trade war conditions on the competitiveness of Indonesian agricultural products compared to China and their export to the United States. Indonesia's agricultural exports during the trade war to China's and US destination countries are: HS 01, HS 04, HS 08, HS 12 and HS 18. Indonesian agricultural exports to China and the US are influenced primarily by the increase in global demand and the composition of competitiveness.

scholarly journals U.S. – China trade war as an attempt to regain global leadership

2021 ◽  
pp. 55-68
Author(s):  
Anna Sergeevna Iuniushkina ◽  
Kristina Alekseevna Shapovalova ◽  
Evgeniya Yur'evna Katkova
Keyword(s):  
United States ◽  
Developed Countries ◽  
The United States ◽  
Transition Theory ◽  
Trade Relations ◽  
China Trade ◽  
Long Run ◽  
Trade War ◽  
Trade Wars ◽  
Current Stage

Confrontation between the two most economically developed countries and the advent of coarse trade wars has disturbed the international arena in 2017. One of the causes for such contradictory relations is presidency and election campaign of Donald Trump, who actively advocated the need to change the structure of relations between the United States and China. This article is an attempt to get a grasp on the origins of contradictions, trace the chronology of the development of trade wars, and carry out a comprehensive analysis of the methods and instruments used by the governments of both countries to resolve the conflict. The key goal of this research is to determine the main causes underlying the trade-economic rivalry between China and the United States, as well as the prerequisites for the emergence of trade wars between the countries. Special attention is given to the U. S. – China contradictions during the presidency of D. Trump. Methodological framework is comprised of theoretical methods of analysis, synthesis, and comparison, as well as systematic approach for examining the key challenges emerging in the trade relations between China and the United States, and mechanisms for overcoming them. In the studying the in-depth motives of the modern conflict, the authors referred to the power transition theory, which clarifies the origins of contradictions between the countries. The novelty of this work consist is consideration of the current stage of U. S.  – China trade war, which continues despite the outbreak of the worldwide COVID-19 pandemic. The conclusion is made that the contradictions between PRC and the United States are of compound, and thus, not limited by contradictions in the trade-economic sphere, which conditions for long-run conflict.

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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