China-U.S. Trade War and Its Impact on the Global Trade ,- A CGE Approach -

Abstract The extent to which the Sino-US trade war represents a break from the past is examined. This ongoing trade war is benchmarked empirically against the Smoot–Hawley tariff increase and against the sustained, covert discrimination by governments against foreign commercial interests witnessed since the start of the global economic crisis. The Sino-US trade war is not the defining moment that some contend. Thus, laying the blame for the current woes of global trade entirely at the feet of policymakers in Beijing or Washington, D.C., is unfounded. Since the rot started well before 2018 and implicates many states, greater attention should be given to the factors determining the unilateral commercial policies of governments during and after a systemic economic crisis. The insights from the economic history literature of the 1930s presented here are useful in this regard. Moreover, claims that existing multilateral trade rules have bite are hard to square with the very large shares of global trade affected by policy measures favouring local firms implemented over the past decade. When confronted with severe adverse economic conditions for better or for worse, WTO members had plenty of policy space after all.

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The future of global trade in the presence of the Sino-US trade war

Economic and Political Studies ◽

10.1080/20954816.2019.1595324 ◽

2019 ◽

Vol 7 (2) ◽

pp. 217-231 ◽

Cited By ~ 4

Author(s):

Badar Alam Iqbal ◽

Nida Rahman ◽

Jonathan Elimimian

Keyword(s):

Global Trade ◽

The Future ◽

Trade War

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

International Trade Policies in the Era of Globalization - Advances in Finance, Accounting, and Economics ◽

10.4018/978-1-5225-9566-3.ch003 ◽

2020 ◽

pp. 56-70 ◽

Cited By ~ 1

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.

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Amidst a Global Trade War: China, Japan and the United States and the Comprehensive and Progressive Agreement for a Transpacific Partnership

Open Journal of Political Science ◽

10.4236/ojps.2020.101006 ◽

2020 ◽

Vol 10 (01) ◽

pp. 61-81

Author(s):

Mathieu Arès ◽

Éric Boulanger

Keyword(s):

United States ◽

The United States ◽

Global Trade ◽

Trade War

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Trade War: Georgia vs. Russia

SOCRATES. Rīgas Stradiņa universitātes Juridiskās fakultātes elektroniskais juridisko zinātnisko rakstu žurnāls / SOCRATES. Rīga Stradiņš University Faculty of Law Electronic Scientific Journal of Law ◽

10.25143/socr.18.2020.3.147-154 ◽

2020 ◽

Vol 3 (18) ◽

pp. 147-154

Author(s):

Giga Abuseridze

Keyword(s):

Global Trade ◽

Full Member ◽

South Ossetia ◽

Trade Relations ◽

History Of ◽

Trade War ◽

Trade Perspective ◽

Insight Into

The following article focuses on the history of trade relations between Georgia and Russia that in the Author’s view eventually developed into the “trade war”. Enrolment of Russia into the WTO enabled subjection of Russia to the WTO regulations. Georgia, as a full member of the WTO, rather legitimately refused to allow Russia to join the organisation until Moscow would fulfil Tbilisi’s claims. One of the demands of the Georgian side was directly related to the separatist conflicts in Abkhazia and South Ossetia, which further complicated the negotiations due to the destructive actions of Russia. There are difficult issues connected to the Georgian position from the global trade perspective. The position deals with the legally political difficulties. The article provides insight into the problem regarding the Trade War from the Georgia perspective. Gruzijas un Krievijas sarunām par iestāšanos Pasaules Tirdzniecības organizācijā ir sena vēsture. Gruzijas nostāju par Krievijas pievienošanos Pasaules Tirdzniecības organizācijai vienmēr ir noteikusi abu valstu politiski tiesiskā situācija. Gandrīz 18 gadus bija vērojama Krievijas ietekme attiecībā uz Gruzijas dalību attiecīgajā organizācijā. Jāatzīmē, ka Gruzija kā pilntiesīga Pasaules Tirdzniecības organizācijas dalībvalsts pilnīgi likumīgi pieņēma lēmumu atteikt Krievijas dalību tajā, vienlaikus lūdzot izpildīt Gruzijas prasības. Jāpiezīmē, ka viena no Gruzijas puses prasībām bija tieši saistīta ar separātiskajiem konfliktiem Abhāzijā un Dienvidosetijā, kas vēl vairāk sarežģīja sarunas Krievijas darbības dēļ. Sarunas par Krievijas pievienošanos Pasaules Tirdzniecības organizācijai sākās 2002. gadā, un pārrunu laikā tika vērotas vairākas politiski tiesiska rakstura darbības, kas ietekmēja turpmāko attiecību scenāriju. Veiktais pētījums norāda uz to, ka gadījumā, ja Gruzija atver tirdzniecības koridorus, pamatojoties uz Krievijas un Gruzijas 2011. gada nolīgumu, tad valsts vispirms ievēro savas intereses. Šajā procesā ir svarīgs aktīvs Gruzijas un tās sabiedroto, tostarp Pasaules Tirdzniecības organizācijas, Eiropas Savienības un Apvienoto Nāciju Organizācijas, atbalsts. Jāatzīmē, ka Gruzijas noteiktā embargo atcelšanu Krievijai noteica 2011. gadā parakstītais nolīgums, uz kura pamata Gruzija piekrita Krievijas uzņemšanai organizācijā. Krievijas pievienošanās Pasaules Tirdzniecības organizācijai nozīmēja pārvērst valsti par civilizētu sistēmu un automātiski ieviest noteikumus, kas uzliek Krievijai pienākumu ievērot vispārējo vienošanos par tarifiem un tirdzniecību.

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Discrepancies in European Union Funding across member nations and sectors as of 2019

Proceedings of the International Conference on Business Excellence ◽

10.2478/picbe-2020-0067 ◽

2020 ◽

Vol 14 (1) ◽

pp. 708-716

Author(s):

Angel-Cristian Olteţeanu

Keyword(s):

European Union ◽

Data Collection ◽

International Relations ◽

Union Membership ◽

Political Power ◽

Current Evidence ◽

Global Trade ◽

The European Union ◽

Empiric Data ◽

Trade War

AbstractThis paper aims to explore the discrepancies in attracting European Union funding across member states and across different sectors of activity. Specifically, it aims to discover if there is a set of rule or model that can be attributed to the structure of European Union funding across nations and sectors to discern if some sectors are much more lucrative from the point of attracting European Union funding than others. In addition, beyond the purely economic and business considerations, the article wants to investigate if some ideologies, regimes, or parties are more successful in general in attracting European Union funding by sharing membership between European international parties or other reasons such as funding majoritarian populist parties to sustain European Union membership. The topic is of recent international economics significance in the context of Brexit and the buildup of Eurosceptic sentiments across the European Union as well as the international polarization between blocks of political power in the global trade war. This topic has been addressed partially before, mostly by journalists but represents a niche novelty in academic studies of International Relations. The methodology used will be both through argumentation of historical and current evidence as well as empiric data collection.

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