Assessing the factors and manifestations of global imbalancesin international trade: the impact of the US-China trade waron Ukraine

2019 ◽  
pp. 14-30
Author(s):  
Borzenko Elena ◽  
Panfilova Tamara
Keyword(s):  
International Trade ◽  
Global Economy ◽  
Capital Investment ◽  
Business Models ◽  
Global Imbalances ◽  
Barriers To Entry ◽  
China Trade ◽  
The Us ◽  
Trade War ◽  
The Impact

The purpose of the article is to reveal the essence of global imbalances andassess the impact of the US-China trade war on the development of the worldeconomy. The methodology of the study is to use a set of methods: dialectical, statistical,historical, comparative. The scientific novelty is to uncover the problem of globalimbalances, which is one of the fundamental problems in the development of theworld economy. A comparative study of global imbalances that are the drivers ofregional and global crises has been conducted. The trade war between China andthe US is analyzed, which is caused not only by the accumulation of problems inbilateral relations, but also by the displacement of geo-economic positions of theleading countries of the world. Conclusions-In general, the US-China trade conflictis a dangerous signal, indicating that the global economy is increasingly fragmented,but it is almost impossible to keep capital investment within national borders.Digital business models and ecosystems that are becoming more relevant are ableto operate only on the basis of low barriers to entry, ie only in open conditions.In all contexts, it is not necessary to count on the complete decay of the US-Chinatrade conflict, due to the growing strategic competition between the two countries.Global consensus in international trade has long been based on the fact that it isprofitable for all countries. However, neoliberal ideas did not take into accountthat inequality between countries could grow very fast and a number of countrieswould be dissatisfied with free trade, globalization and openness. The lack of soundregulatory mechanisms has led to new economic problems in China (in particular,uneven income distribution).

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 Political Economy and Regional Policy: The Impact of US-China Trade Tension on the Global Economic Growth

2020 ◽  
Vol 3 (3) ◽  
pp. 2224-2232
Author(s):  
Sunkung Danso
Keyword(s):  
Literature Review ◽  
Systematic Literature Review ◽  
Global Economy ◽  
Negative Impact ◽  
Trade Deficit ◽  
China Trade ◽  
Long Run ◽  
The Us ◽  
Trade War ◽  
The Impact

This paper uses a systematic literature review to discuss US-China trade tension. The study discusses the US-China trade tension and its impact on the global economy because the US-China trade war is imminent at the point in time since President Trump came to power in 2016. This research aims to examine how US-China trade tension is unfolding and the significant change of this trade tension on the world economy. The systematic literature review was engaged to capture the sequence of the event as they are happening between the US and China with regards to trade barriers. This research reviewed 19 peer-review journals and some news items and WTO resources relevant to this study. This study revealed that the US-China trade tension has affected consumer goods to some extent but it may not affect the global economy currently. However, it is evident that in the long-run; the US-China trade war will have an impact on the lives of people and the global economy if the issue continues to intensify. In conclusion, the economy of the US has declined drastically by 0.8% while China also experience 0.4% fall in the economy in 2019. The impact is currently not severe on the global economy but if the tension continues it might have a negative impact on the global economy. The trade deficit is getting wider between China and the US.

scholarly journals The Impact of Global Protectionism on Port Logistics Demand

2020 ◽  
Vol 12 (4) ◽  
pp. 1444
Author(s):  
Jungran Cho ◽  
Emma Kyoungseo Hong ◽  
Jeongho Yoo ◽  
Inkyo Cheong
Keyword(s):  
International Trade ◽  
Global Economy ◽  
Maritime Logistics ◽  
Logistics System ◽  
Bilateral Relations ◽  
The Us ◽  
The World ◽  
Global Logistics ◽  
Logistics Demand ◽  
The Impact

Various risks and uncertainties are strengthening the downside of the global economy. This paper aims to estimate the impact of the US–China conflict and the World Trade Organization (WTO) Appellate Body’s shutdown on global logistics demand and to show the seriousness of the situation. Existing literature studies on protectionism or the US–China trade conflict were considered, with a focus on the effects of specific issues or impact on bilateral relations. No research has quantitatively considered the adverse effects of the Appellate Body’s shutdown. In this situation, questions can be raised whether the current global shipping logistics system can be sustainable or not. This paper attempts to estimate the shrinking demand for shipping logistics due to global protectionism. Using a dynamic general equilibrium model and trade-cargo-container conversion methodology, which differentiates this paper from previous studies, the paper suggests that the combination of tariffs and NTBs can severely reduce international trade and the demand for maritime logistics services. Depending on the scenario, port cargo is expected to decrease by 3.95 to 6.9 trillion tons, which can be half of the global cargo. Based on these estimates, this paper suggests that a catastrophe could occur in global trade order as well as global maritime logistics. Finally, underlining that the international trade order should not be severely damaged, this paper proposes that countries around the world should seriously discuss this issue at the 12th WTO Trade Ministers’ Meeting in Kazakhstan in June 2020.

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

scholarly journals Comment on “Evaluating the Impact of the US–China Trade War”

2019 ◽  
Vol 15 (1) ◽  
pp. 96-97
Author(s):  
Chalongphob Sussangkarn
Keyword(s):  
China Trade ◽  
The Us ◽  
Trade War ◽  
The Impact

scholarly journals US-China trade war: Impact on chemical exporting firms from India to US

2021 ◽  
Vol 5 (1) ◽  
pp. 75-84
Author(s):  
Areej Aftab Siddiqui ◽  
Parul Singh
Keyword(s):  
Positive Impact ◽  
Trade Patterns ◽  
Exporting Firms ◽  
China Trade ◽  
The Us ◽  
Policy Measures ◽  
Trade War ◽  
The Difference ◽  
The Right ◽  
The Impact

With the onset of the US-China trade war in July 2018, the trade patterns between China, the US, and India have undergone a tremendous change. The number of products in which China had a competitive advantage in terms of exports to the US has declined in the last 9 months. A number of developing countries may be benefitted from the ongoing tariff war between the US and China, like Vietnam, Brazil, India, and Korea. In the present study, an attempt has been made to analyse the impact of the US-China trade war on exports of India to the US. The sector which has been selected is the chemical sector comprising of organic and inorganic chemicals as chemicals are one of the top-exported products from India to the US. To analyse the impact, the difference-in-differences technique of regression has been applied. The results indicate that after July 2018, i.e., the commencement of the US-China trade war, the impact on firms exporting chemicals from India to the US has been significant and firms in India may be a potential source for chemicals for the US provided the right policy measures are exercised in India. The results indicate that the trade war between the US and China has had a positive impact on the chemical exports from India to the US. The chemical exports from India to the US have increased post-July 2018, though not at a steep rate. This indicates that India has the potential to export chemicals to the US

scholarly journals The Impact of the Trade War Between the USA and China on the Global Economy: The Reaction of Professional Men and Women in Zambia

2020 ◽  
Vol 7 (2) ◽  
pp. 1-7
Author(s):  
Wendy Mumbi Margaret Chibesakunda
Keyword(s):  
Developing Countries ◽  
International Trade ◽  
Gender Gap ◽  
Global Economy ◽  
Men And Women ◽  
Participation Of Women ◽  
The Usa ◽  
Trade War ◽  
The Impact ◽  
Positive Results

The purpose is to investigate if gender affects knowledge of the International Trade War. The results will show that if both men and women had knowledge in full, of the devastating effects of an International Trade War, before it's escalation, any trade war would be withheld. If women fully understood and participated in war issues, then the negotiations and agreements would be richer, stronger, subtler and firmly rooted especially in developing countries. The Author used the Chi Method to understand how knowledgeable are the Professional Men and Women in Zambia on The International Trade War and the data will show the knowledge imbalance. The Article confirms that more needs to be done with the dissemination of information and participation of women because the lack of knowledge and participation does not bring positive results according to the findings in research which is briefly referred to in the Literature Review. Sadly, it appears that the gender gap will always exist.

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 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.

The Impact of the US–China Trade War on the European Union

2020 ◽  
Vol 12 (1) ◽  
pp. 56-68 ◽  
Author(s):  
Sebastien Goulard
Keyword(s):  
European Union ◽  
The European Union ◽  
European Policy ◽  
Trade Disputes ◽  
Eu Member States ◽  
China Trade ◽  
The Us ◽  
The Usa ◽  
Trade War ◽  
The Impact

Since April 2018, the USA and China have been engaged in a trade war. Because of the importance of these two countries in world trade, this dispute does affect not only the Chinese and American economies but also the entire world. Several studies have shown the impact of this dispute on different countries in Asia, but little was done to study the effect on European Union (EU) member states. The trade war between the USA and China should not let us forget the trade disputes between Washington and Brussels on one hand and EU–China trade differences on the other hand. This article will take stock of European policy towards the USA and China in this trade war; we will study the consequences of the US–China trade war on the exchanges between Europe and China and analyze the possible diversion created by this trade war for the European market.

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