scholarly journals The Redefinition of Foreign Policy of the United States since Trump’s Election: The Case of Trade War with China

Author(s):  
Paweł Jaskuła

The main aim of this text is to present economic relations between China and the US today. The election of Donald Trump in 2016, significantly redefined American trade policy toward China. Despite the first months of his presidency, which promised an efficient, long-term cooperation between Beijing and Washington, incumbent president decided to implement severe restriction on the trade with China at the beginning of 2018. However, the announced imposition of tariffs on almost all goods coming from this country could interfere with the growth of the single states and the economy of the whole country in the future. Therefore the text is aimed to investigate the  ependency of selected states on the inflows of Chinese investments since 2010. Finally, it is necessary to examine the phenomenon of the trade war, which has begun in July 2018, and assess its impact on the growth of both countries.

2020 ◽  
Vol 96 (2) ◽  
pp. 419-437
Author(s):  
Xiangfeng Yang

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.


2018 ◽  
Vol 48 (190) ◽  
pp. 91-114
Author(s):  
Trevor Evans

The current economic situation in the United States can be seen as the result of three factors. The first is the long-term shift to a neo-liberal order. The second factor is the US business cycle. Periods of economic expansion in the 1980s, the 1990s and the early 2000s were each brought to an end by increasingly severe crises, the most recent of which in 2007-2009 came perilously close to causing a collapse of the US financial system. The most recent expansion, which began in mid-2009, has been unusually weak, and is already relatively long by comparison with other recent expansions.The third factor is the presidency of Donald Trump which began in January 2017. Despite a populist rhetoric and the dependence of his electoral victory on mobilising white working-class support, in government he has pursued an unashamed series of measures which primarily benefit the very richest sectors of US society.


2020 ◽  
Vol 17 (2) ◽  
pp. 56-65
Author(s):  
O. V. Ignatova ◽  
O. A. Gorbunova

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.


2019 ◽  
Vol 5 ◽  
pp. 1
Author(s):  
K.V. Bhanu Murthy ◽  

US–China economic ties have expanded substantially since China began reforming its economy and liberalizing its trade regime in the late 1970s. Total US–China merchandise trade rose from $2 billion in 1979 (when China’s economic reforms began) to $636 billion in 2017. China is currently the United States’ largest merchandise trading partner, its third-largest export market, and its biggest source of imports. There are multiple areas of disagreement that preceded the trade war. One ground is that China is buying off American assets. It is also alleged that China violates US patent rights. It is also stated by United States that China has restrictions on US companies entering certain areas in production in China. The scale at which US–China trade patterns are changing and ownership patterns of both countries’ MNCs are changing results in a mystification of trade data due to intra-firm trade imports and exports. This may be a major reason why apparent trade patterns do not clearly serve as a guide for commenting on policy wars. This study examines the patterns in the US–China exports, mutual imports, and current account balances over a nearly 25-year period, to form a view about whether the trade war is justified. The general methodology in this paper has been to use a set of semi-log growth equations that enable comparison of various trade-related variables between the United States and China. The method focuses on the long-term patterns before and after global financial crisis (GFC), in the two countries, with the help of a standard dummy variable model. In conclusion, the US claims seem to be unfounded when studied through the lens of long-term trade patterns between the two countries. China’s export performance is much better. The United States’ dependence on imports from China has fallen drastically. Finally, the current balance of payments (BoP) of the United States continues to remain highly negative; whereas, in spite of the setback due to the GFC, China’s BoP position all along continues to be positive.


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

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.


2021 ◽  
Vol 13 (1) ◽  
Author(s):  
Deri Siswara

The purpose of this study is to analyze the integration and response of the Islamic stock market of the OIC countries before the crisis and during the China stock market crisis also during the United States-China trade war with the Autoregressive Distributed Lag (ARDL) method. The results showed that there was no cointegration in the period before the China stock market crisis. However, during the period of the China stock market crisis and the United States-China trade war, the cointegration was more common. The Islamic stock market of Qatar, Saudi Arabia and the UAE experienced a domino effect from fluctuations in crude oil prices. Then, the Indonesia Islamic stock market in the two crisis periods had a long-term relationship with the US and China stock markets. Whereas the Malaysian and Bangladesh Islamic stock markets have only a long-term relationship with the US stock market. In terms of the benefits of portfolio diversification for investors, there is relevance of dominant economic, geographical, and trade relations in influencing the integration of the Islamic stock market.


2018 ◽  
Vol 47 (3) ◽  
pp. 130-134

This section, updated regularly on the blog Palestine Square, covers popular conversations related to the Palestinians and the Arab-Israeli conflict during the quarter 16 November 2017 to 15 February 2018: #JerusalemIstheCapitalofPalestine went viral after U.S. president Donald Trump recognized Jerusalem as the capital of Israel and announced his intention to move the U.S. embassy there from Tel Aviv. The arrest of Palestinian teenager Ahed Tamimi for slapping an Israeli soldier also prompted a viral campaign under the hashtag #FreeAhed. A smaller campaign protested the exclusion of Palestinian human rights from the agenda of the annual Creating Change conference organized by the US-based National LGBTQ Task Force in Washington. And, UNRWA publicized its emergency funding appeal, following the decision of the United States to slash funding to the organization, with the hashtag #DignityIsPriceless.


Author(s):  
Gilles Duruflé ◽  
Thomas Hellmann ◽  
Karen Wilson

This chapter examines the challenge for entrepreneurial companies of going beyond the start-up phase and growing into large successful companies. We examine the long-term financing of these so-called scale-up companies, focusing on the United States, Europe, and Canada. The chapter first provides a conceptual framework for understanding the challenges of financing scale-ups. It emphasizes the need for investors with deep pockets, for smart money, for investor networks, and for patient money. It then shows some data about the various aspects of financing scale-ups in the United States, Europe, and Canada, showing how Europe and Canada are lagging behind the US relatively more at the scale-up than the start-up stage. Finally, the chapter raises the question of long-term public policies for supporting the creation of a better scale-up environment.


2020 ◽  
Vol 3 (1) ◽  
pp. 47-55
Author(s):  
Mohamad Zreik

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.


Author(s):  
N. Gegelashvili ◽  
◽  
I. Modnikova ◽  

The article analyzes the US policy towards Ukraine dating back from the time before the reunification of Crimea with Russia and up to Donald Trump coming to power. The spectrum of Washington’s interests towards this country being of particular strategic interest to the United States are disclosed. It should be noted that since the disintegration of the Soviet Union Washington’s interest in this country on the whole has not been very much different from its stand on all post-Soviet states whose significance was defined by the U,S depending on their location on the world map as well as on the value of their natural resources. However, after the reunification of Crimea with Russia Washington’s stand on this country underwent significant changes, causing a radical transformation of the U,S attitude in their Ukrainian policy. During the presidency of Barack Obama the American policy towards Ukraine was carried out rather sluggishly being basically declarative in its nature. When President D. Trump took his office Washington’s policy towards Ukraine became increasingly more offensive and was characterized by a rather proactive stance not only because Ukraine became the principal arena of confrontation between the United States and the Russian Federation, but also because it became a part of the US domestic political context. Therefore, an outcome of the “battle” for Ukraine is currently very important for the United States in order to prove to the world its role of the main helmsman in the context of a diminishing US capability of maintaining their global superiority.


Sign in / Sign up

Export Citation Format

Share Document