scholarly journals Analysis on China–United States Trade Imbalance from Trade Structure, Mode of Trade, and Trade Policy

2021 ◽  
Vol 22 (1) ◽  
Author(s):  
Jiandong Shi
Keyword(s):  
United States ◽  
Trade Policy ◽  
The United States ◽  
Trade Policies ◽  
Trade Imbalance ◽  
Factors Affecting ◽  
Trade Structure ◽  
Trade War ◽  
United States Trade

This paper analyzes the direct cause of China–United States trade war, a trade imbalance between China and the United States, and summarizes the causes of this trade imbalance. I have discussed the trade imbalance from the three perspectives of trade structure, trade mode, and trade policy, which focus on the respective trade policies of China and the United States. Moreover, I have examined the subjective factors affecting the trade imbalance between China and the United States. A significant impact of trade policies on trade imbalance has been demonstrated in this study to call for attention from both sides.

It is time to change US trade policy to foster access to medicines

2020 ◽  
Vol 9 (1) ◽  
pp. 25-27
Author(s):  
Maria Fabiana Jorge
Keyword(s):  
United States ◽  
At Risk ◽  
Trade Policy ◽  
Critical Role ◽  
Access To Medicines ◽  
The United States ◽  
Drug Prices ◽  
Us Trade Policy ◽  
United States Mexico ◽  
United States Trade

While Americans are deeply concerned about drug prices, the United States Trade Representative (USTR) continues to negotiate agreements like the United States-Mexico-Canada Agreement (USMCA) that put at risk the sustainability of the generics industry and undermine the development of biosimilars that play a critical role in access to medicines. It is time to restore some balance to US trade policy.

scholarly journals The Impact of the 2018 Tariffs on Prices and Welfare

2019 ◽  
Vol 33 (4) ◽  
pp. 187-210 ◽  
Author(s):  
Mary Amiti ◽  
Stephen J. Redding ◽  
David E. Weinstein
Keyword(s):  
United States ◽  
The United States ◽  
Real Income ◽  
Trade Policies ◽  
Foreign Countries ◽  
Domestic Prices ◽  
Trade War ◽  
Pass Through ◽  
The Impact ◽  
Trump Administration

We examine conventional approaches to evaluating the economic impact of protectionist trade policies. We illustrate these conventional approaches by applying them to the tariffs introduced by the Trump administration during 2018. In the wake of this increase in trade protection, the United States experienced substantial increases in the prices of intermediates and final goods, dramatic changes to its supply-chain network, reductions in availability of imported varieties, and the complete pass-through of the tariffs into domestic prices of imported goods. Therefore, the full incidence of the tariffs has fallen on domestic consumers and importers so far, and our estimates imply a reduction in aggregate US real income of $1.4 billion per month by the end of 2018. We see similar patterns for foreign countries that have retaliated with their own tariffs against the United States, which suggests that the trade war has also reduced the real income of these other countries.

scholarly journals IMPACT OF THE UNITED STATES AND CHINA TRADE WAR ON GROWTH IN ASEAN COUNTRIES

2019 ◽  
Vol 7 (3) ◽  
pp. 64-78
Author(s):  
Kamran Jafarpour Ghaleh Teimouri ◽  
Seyed Mohammad Taghi Raeissadat
Keyword(s):  
United States ◽  
Gross Domestic Product ◽  
The United States ◽  
United States Government ◽  
Domestic Product ◽  
The World ◽  
Trade War ◽  
Asean Countries ◽  
The Impact ◽  
United States Trade

For more than a century, American had the biggest economy and the highest Gross Domestic Product (GDP) about 24.1%. On the other side of the world. Recently, China with 15.1% Gross Domestic Product (GDP) placed as the second biggest and the most influential economy in the world in 2017 (World Bank, 2019). Therefore, China and United States together have over 40% of the world GDP with the huge spatial economic influence in the world. The impact of a trade war between the United States and China has a negative influence in other countries and regions in particular in the ASEAN countries. The ASEAN countries are very exposed to China and United States they are more vulnerable to trade war between the United States and China. This study first evaluates the degree of negative impact of China and United States trade war on ASEAN countries. After that, show how an effective regional economic integration can minimize such problems in future. This research is based on available secondary data in United States government reports (e.g., United States Department of State, Office of United States trade) and (e.g. OCBC Bank and ASEAN). Based on data and research the descriptive-analytical method is used in this paper.

scholarly journals Study on the In-Depth Reasons and Mechanisms of Globalization and Anti-Globalization

2021 ◽  
Author(s):  
Ma Yisha
Keyword(s):  
United States ◽  
Developed Countries ◽  
The United States ◽  
Performance Study ◽  
Method Performance ◽  
Factors Affecting ◽  
Mechanism Research ◽  
The Us ◽  
Mexico Border ◽  
Trade War

Since the financial crisis in 2008, the U.S. economy has weakened, and the world economy has slowly developed. As the world's leading country, the United States has used many methods to restore the economy. But it does work efficiently. However, there are many issues in developed countries such as domestic social, economic, immigration in the United States/United Kingdom; those are not optimistic. Developed countries have entered a dilemma. The neoliberalism financial system has been unable to move forward. Populists have pointed out that those problems have been causing by globalization. Under the leadership of the Brexit Referendum, President Trump has caused a wave of anti-globalization. Under a series of systems such as the China-US trade war and the US-Mexico border wall repairs, the anti-globalization trend is getting stronger. This article mainly analyzes the in-depth reasons and mechanism research of globalization and anti-globalization alternately—the data obtained from an international method performance study. The results show that anti-globalization is temporary, along with globalization. There are three main factors affecting globalization: the situation of the dominant country, natural disasters, and wars. After so much literature review, I believe that the United States' globalization is gradually weakening, and globalization may return to regionalization under the United States' opposition.

scholarly journals Why Tariff and Trade War?

2020 ◽  
Vol 5 (4) ◽  
pp. 272
Author(s):  
Jingyu Song
Keyword(s):  
United States ◽  
The United States ◽  
Antebellum Period ◽  
Time Periods ◽  
Trade War ◽  
Trade Wars ◽  
Trade Conflicts ◽  
United States Trade

<p>By see the tariffs and trade wars in different time periods, each countries’ aim to start the trade war and tariff are protecting themselves. Analyzing and comparing the tariff acts in the colonial and antebellum period, the trade conflicts between the United States and Japan in the 1980s, and 2019’s China-United States trade war, we can see how tariffs work the same but also different in different time periods. </p>

scholarly journals Sino-US Trade War: Conservative Trade Policy in the Grand Economic Strategy of the United States

2019 ◽  
Vol 5 ◽  
pp. 1
Author(s):  
Qin Sheng ◽  
Keyword(s):  
United States ◽  
Trade Policy ◽  
Complete Solution ◽  
The United States ◽  
Global Perspective ◽  
Economic Strategy ◽  
The Status ◽  
Trade War ◽  
The 1960S ◽  
Trade Wars

The Sino–United States (US) trade war since 2017 has triggered Sino–US confrontations in the economic field and also intensified geopolitical competition. From a historical perspective, the current Sino–US trade war is a continuation of the conservative US trade policy, rather than a dramatic development. From a global perspective, the trade dispute between China and the United States is only part of President Donald Trump's grand global economic strategy that aims to stabilize the economic hegemony of the United States. Trump's economic diplomacy targets both China and its Western allies, with the goal of achieving a comprehensive and complete solution. The developmental status of the United States shows that its economic strength is increasingly insufficient to support the status of global hegemony, as well as being increasingly incapable of meeting the global requirements for providing public goods. Therefore, trade wars are essentially trade policy adjustments made by the United States to consolidate its hegemonic foundations and fight against potential opponents, e.g., the trade wars against Germany in the 1960s and Japan in the 1980s. Based on the timeline of the current trade war, Trump was obviously well prepared. Trump's behavior now clearly violates the basic rules of WTO and his policy does not focus on technology and innovation, which is key to future economic growth. Whether Trump's well-planned and aggressive economic strategy will work, it will fundamentally change China's US policy from cooperative to more independent.

scholarly journals NATIONAL SECURITY EXCUSE FOR THE NE0-PROTECTIONIST TRADE POLICY OF PRESIDENT’S TRUMP ADMINISTRATION

2018 ◽  
Vol 14 (2) ◽  
pp. 439-449
Author(s):  
Ryszard ŁAWNICZAK
Keyword(s):  
United States ◽  
Trade Policy ◽  
National Security ◽  
The United States ◽  
Donald Trump ◽  
Entire List ◽  
The World ◽  
Trading Partners ◽  
Trade War ◽  
Trump Administration

In March 2018, the newly elected President of the United States, Donald Trump, surprised the world by triggering a trade war with his largest trading partners. He announced that he would introduce 25% and 10% of customs tariffs on imports of steel and aluminium. Besides he threatened to impose duties on imports of European cars, as well as on the entire list of other products, as long as the trading partners do not stop unfair trading practices and will not reduce their own barriers to American products. In the article, the author tries to explain why protectionist measures of the American administration should be defined as "neo-protectionism", and why and if justly those protectionist steps President Trump justifies as a “threat to national security".

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