US-China Trade Wars: Economy or Geopolitics?

2019 ◽  
pp. 51-58 ◽  
Author(s):  
V. Petrovsky ◽  
Keyword(s):  
China Trade ◽  
Trade Wars

The Effect of the U.S.-China Trade War on Global Trade

2020 ◽  
pp. 56-70 ◽  
Author(s):  
Ahu Coşkun Özer
Keyword(s):  
Regression Analysis ◽  
Linear Regression ◽  
Linear Regression Analysis ◽  
Global Trade ◽  
China Trade ◽  
Trade War ◽  
The Impact ◽  
Trade Wars ◽  
Day By Day ◽  
The U.S

If one country attacks another country's trade with taxes and quotas, it is defined as a trade war. It is aimed to protect the domestic market from competition. The U.S.-China trade war begun on March 1, 2018, and was centered on the customs duty of 25% for the imported steel and 10% for the imported aluminum. The protectionist measures against each other in both countries have increased day by day. However, the impact of these protectionist measures on global trade is not yet known. In this chapter, the effect of the U.S.-China trade war on global trade is analyzed. For this reason, the export data of the U.S. to China and the global export data yearly is compared. According to the results of the linear regression analysis, if the value of the goods export of the U.S. to China increase 1 unit, the value of global export of the goods increases to 58 units. While the trade wars decreased the goods export from the U.S. to China, it has decreased global goods exports too. In 2018, developments in global commodity exports and the U.S. goods exports to China were observed in the same direction.

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 US-China Trade War: Causes and Outcomes

2020 ◽  
Vol 73 ◽  
pp. 01012
Author(s):  
Larisa Kapustina ◽  
Ľudmila Lipková ◽  
Yakov Silin ◽  
Andrei Drevalev
Keyword(s):  
Bilateral Trade ◽  
Federal Budget ◽  
Conjectural Variation ◽  
Political Dimension ◽  
Economic Relations ◽  
China Trade ◽  
The Us ◽  
Trade War ◽  
Trade Wars ◽  
Limit Access

The article reviews the chronology and analyses the causes and possible consequences of the trade war between the US and China. The authors identify four main reasons that led to the greatest trade conflict between the two economies in history associated with intentions of the US: a) to reduce the deficit of bilateral trade and increase the number of jobs; b) to limit access of Chinese companies to American technologies and prevent digital modernization of the industry in the PRC; c) to prevent the growth of China’s military strength; and d) to reduce the federal budget deficit. It is confirmed and concluded that trade wars have no winners. Taking into account the two countries’ GDP scale and export volumes, the US-China trade war will come amid a slowdown in the global production and international trade. The article analyses the outcomes of the trade confrontation based on the scenario methodology. The authors identify 4 scenarios by making assumptions about the response pattern and conjectural variation in the bilateral economic relations. The US protectionist policy has its political dimension. The constraints of the bilateral trade is one of the tools for slowing China's military and economic power growth.

Trade Wars and the Disarray in the Global Trading System: Implications for the Philippines

2019 ◽  
Vol 18 (3) ◽  
pp. 59-75
Author(s):  
Maria Joy V. Abrenica ◽  
Ricardo Rafael S. Guzman ◽  
Maria Socorro Gochoco-Bautista
Keyword(s):  
The United States ◽  
The Philippines ◽  
Trading System ◽  
Trade Model ◽  
China Trade ◽  
Welfare Losses ◽  
Tit For Tat ◽  
The Impact ◽  
Trade Wars ◽  
The U.S

This study uses the Caliendo and Parro ( 2015 ) multi-sector, multi-country, general equilibrium Ricardian trade model with national and international input-output linkages to assess the impact on welfare of higher tariffs due to the U.S.–China trade war in the case of the Philippines. A sample of 65 countries including a constructed rest of the world is used, with 31 ICIO tradeable and non-tradeable sectors and 2015 as the base year. The constructed scenario is of the U.S.–China tariff tit-for-tat and retaliatory measures taken by Mexico, Canada, EU, Russia, and Turkey against the United States during 2018. The findings show that the Philippines and others in the sidelines could incur larger welfare losses than those directly involved in the conflict, in contrast with the sanguine prediction of other models.

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.

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 THE US-CHINA TRADE WAR AND ITS IMPACT ON THAILAND’S ECONOMY

2020 ◽  
pp. 17-32
Author(s):  
Irina Onyusheva ◽  
Rungnapa Khamboocha ◽  
Nipaporn Muangmutcha
Keyword(s):  
Global Economy ◽  
Economic Effects ◽  
Economic Consequences ◽  
Goods And Services ◽  
China Trade ◽  
The Us ◽  
The Usa ◽  
Trade War ◽  
Trade Wars ◽  
The Relationship

This paper analyzes the economic consequences of the trade war ongoing between the USA and China as applied to Thailand. The paper mainly focuses on the relationship between the global tariffs’ imposition during this US-China trade war as they directly hit several Thai export products as well as the US-China trade war impact on Thai business via dumping goods into Thailand and Thai products intermediately affected by the tariffs imposed on Chinese or US goods. Recently, it has been illustrated by many researchers and economists that trade wars, especially between those waged between such large economies have adverse economic effects on the global economy and international trade. This paper utilizes PESTEL and also causes and consequences analysis to explain the trends of the US or China exports of goods and services to Thailand, Thai intermediate inputs indirectly affected by the tariffs imposed on Chinese or US goods and dumping goods into Thailand as the latter could intensify domestic competition.

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