scholarly journals Implementation of Economic Policy Facing The China American Trade War In The Framework of Nirmilitary Defense

2021 ◽  
Vol 04 (12) ◽  
Author(s):  
Guntur Eko Saputro ◽  
Keyword(s):  
Economic Policy ◽  
Global Economy ◽  
The United States ◽  
Main Element ◽  
Major Influence ◽  
Economic Policies ◽  
Social Phenomena ◽  
China Trade ◽  
Trade War ◽  
Bureaucratic Structure

Non-military defense is a defense to deal with non-military threats that can endanger or have implications for national defense. Non-military threats have the dimensions of ideology, politics, economy, socio-culture, technology, public safety, and legislation. In the main points of the general policy of state defense for 2020-2024, it is stated that in the policy of implementing non-military defense, it is directed to deal with the dimensions and types of threats by determining the ministry/institution as the main element. The United States-China trade war is a policy involving two superpowers that have had a major influence on the global economy to date. The government's policy in dealing with the trade war is the program to attract investors as contained in the 16th Indonesian Economic Policy Package (PKE), including Tax Holiday. The purpose of the study is to provide government input on the implementation of economic policies in the face of the US-China trade war in the context of Non-Military Defense. Research with qualitative methods is aimed at understanding social phenomena from the perspective of the participants. The results achieved are in accordance with the theory of Policy Implementation related to Resources, Communication, Disposition and Bureaucratic Structure, a strategy is needed to revamp the bureaucratic structure and recalculate budget resources.

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.

Economic Impact of Unilateral Free Trade

2021 ◽  
pp. 81-83
Author(s):  
Aarnav Narain Jalan ◽  
Anshika Bajaj
Keyword(s):  
United States ◽  
Free Trade ◽  
Manufacturing Sector ◽  
The United States ◽  
Economic Policies ◽  
Donald Trump ◽  
China Trade ◽  
American Medicine ◽  
Trade War ◽  
Trump Administration

President Donald Trump condemned the interdependence of the United States with other countries in a speech on March 24th, 2020 saying, “This crisis has underscored just how critical it is to have strong borders and a robust manufacturing sector. - ''… Our goal for the future must be to have American medicine for American patients, American supplies for American hospitals, and American equipment for our great American heroes.” [1] The United States has also been part of the ongoing US-China trade war, with both sides imposing numerous tariffs on each other's imports. These actions speak to the protectionist economic policies of the Trump administration.

Economic Impacts of the US–China Trade War on the Asian Economy: An Applied Analysis of IDE-GSM

2021 ◽  
pp. 263168462110322
Author(s):  
Satoru Kumagai ◽  
Toshitaka Gokan ◽  
Kenmei Tsubota ◽  
Ikumo Isono ◽  
Kazunobu Hayakawa
Keyword(s):  
United States ◽  
Global Economy ◽  
Negative Impact ◽  
Economic Impacts ◽  
The United States ◽  
China Trade ◽  
Computational General Equilibrium ◽  
The Us ◽  
Trade War ◽  
Asian Economy

In this article, we attempt to estimate the economic impacts of the US–China trade war that began in 2018. We used IDE-GSM, a computational general equilibrium simulation model, to estimate the economic impacts of a ‘full-confrontation’ scenario wherein both countries impose 25% additional tariffs on all goods imported from each other for 3 years 2019 onwards. In our calculation, the economic impact for the United States is −0.4% and −0.5% for China. Some Asian countries benefit from the trade war. As far as it remains bilateral, the trade war is only an issue for the concerned parties. We also ran the US–world trade war scenario, wherein the United States and all other countries impose a 25% additional tariff on all goods. The negative impact on the global economy is –0.8%, much more significant than the 0.1% impact from the US–China trade war. Thus, it is clear that the world cannot afford to engage in a multilateral trade war. JEL Codes: C68, F13

Impacts of the U.S.–China Trade War on ASEAN: Case of Thailand

2019 ◽  
Vol 18 (3) ◽  
pp. 166-188
Author(s):  
Bhanupong Nidhiprabha
Keyword(s):  
Global Economy ◽  
Commodity Prices ◽  
The United States ◽  
Chinese Economy ◽  
Vector Autoregressive ◽  
Trade Dispute ◽  
China Trade ◽  
Trade War ◽  
The Impact ◽  
The U.S

With nearly a year of trade dispute between the United States and China, it has become apparent that the global economy will slow down, and this will have a direct impact on world trade. We adopt a vector autoregressive model to examine the impact of the U.S.–China trade war on the Thai economy. The results indicate that Thailand's output and exports to key markets are adversely affected by the escalating trade dispute. The slowdown in the Chinese economy will also put further downward pressure on world commodity prices, which in turn will reduce Thailand's exports.

scholarly journals U.S.-China trade war and its impact on the world economy

2020 ◽  
pp. 19-36
Author(s):  
Byambakhand Luguusharav ◽  
Bolormaa Budjav
Keyword(s):  
United States ◽  
Global Economy ◽  
World Economy ◽  
Presidential Elections ◽  
Trade Agreement ◽  
The United States ◽  
China Trade ◽  
The Us ◽  
The World ◽  
Trade War

Republican candidate Donald J. Trump, who ran in the 2016 US presidential elections with a slogan “Make America Great Again” defined his foreign policy as “America First”. He set out to balance the long-running deficit of the United States, which led to the US-China trade war. The war not only affected the economies of Washington and Beijing but also it had a devastating effect on the world economy. The first part of the article discusses the concept of a trade war, while the second part analyzes the origins, causes, and course of the trade war between the United States and China, and the trade agreement between the two countries that have temporarily stopped the trade war. At the end of the article, the positive and negative implications of the US-China trade war on the economies of both countries and the global economy will be reviewed. АНУ-БНХАУ-ын худалдааны дайн, дэлхийн эдийн засагт үзүүлсэн нөлөө Хураангуй: АНУ-ын Ерөнхийлөгчийн 2016 оны сонгуульд “Америкийг дахин агуу болгоё” гэсэн мөрийн хөтөлбөртэй оролцсон Д.Трамп ялалт байгуулж, өөрийн гадаад бодлогыг “Америкийг эн тэргүүнд тавих” хэмээн тодорхойлсон юм. Улмаар тэрээр олон жилийн туршид асар их алдагдалтай явж ирсэн Америкийн гадаад худалдааны балансыг тэнцвэржүүлэх зорилт дэвшүүлсэн нь АНУ- БНХАУ-ын худалдааны дайн гарахад нөлөөлсөн. Энэ дайн нь Вашингтон, Бээжингийн эдийн засагт нөлөөлөөд зогсохгүй дэлхийн эдийн засгийг доргилтонд оруулаад байна. Толилуулан буй өгүүллийн эхний хэсэгт худалдааны дайны тухай ойлголтыг авч үзэх бол хоёрдугаар хэсэгт АНУ-БНХАУ-ын хооронд өрнөсөн худалдааны дайны үүсэл, шалтгаан, өрнөл, энэ дайныг түр зогсоогоод байгаа хоёр улсын худалдааны хэлэлцээрт дүн шинжилгээ хийнэ. Өгүүллийн төгсгөлд, АНУ-БНХАУ-ын худалдааны дайн нь хоёр улсын эдийн засагт төдийгүй дэлхийн эдийн засагт үзүүлсэн эерэг, сөрөг нөлөөлийн талаар дүн шинжилгээ хийсэн болно. Түлхүүр үгс: АНУ, БНХАУ, худалдааны дайн, дэлхийн эдийн засаг, тариф

scholarly journals The Dimensions of the US-China Trade War

2020 ◽  
Vol 3 (1) ◽  
pp. 47-55
Author(s):  
Mohamad Zreik
Keyword(s):  
United States ◽  
Indian Ocean ◽  
Free Trade ◽  
The United States ◽  
Bilateral Agreements ◽  
China Trade ◽  
The Pacific ◽  
The Us ◽  
The Indian Ocean ◽  
Trade War

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.

Economic Policy

2019 ◽  
pp. 173-195
Author(s):  
William Keech ◽  
William Scarth
Keyword(s):  
United States ◽  
Economic Growth ◽  
Economic Policy ◽  
Fiscal Policy ◽  
Income Distribution ◽  
Political Institutions ◽  
Productivity Growth ◽  
The United States ◽  
Economic Policies ◽  
Sustainable Fiscal Policy

This chapter identifies the differing policies and outcomes that Canadians and Americans have pursued with respect to economic growth, stabilization, and income distribution, and it analyzes several factors that can partially explain why divergent policy choices have emerged. The United States (U.S.) has recorded better productivity growth, while Canada has achieved a more sustainable fiscal policy, a less fragile financial sector, and more generous distributional policies. These contrasting outcomes are related to differences in size and geography, in political culture, and in political institutions. The analysis also considers how much it may be possible for each country’s policymakers to benefit from the other’s experiences. While identifying some lessons in this regard, the authors conclude that the sheer difference in the size of the two economies affects which economic policies can be expected to be effective. As a result, it is concluded that convergence in economic policymaking will remain somewhat limited.

Implications of  the U.S.–China Trade War  for  Taiwan

2020 ◽  
Vol 19 (1) ◽  
pp. 61-81
Author(s):  
Wen-jen Hsieh
Keyword(s):  
Negative Impact ◽  
The United States ◽  
Policy Implications ◽  
High Tech ◽  
Chinese Market ◽  
Economic Relationships ◽  
China Trade ◽  
Trade War ◽  
The Impact ◽  
The U.S

The ongoing U.S.-China trade war and ensuing high-tech conflicts are regarded as Taiwan's most crucial opportunity to slow down its progressively increasing economic dependence on China. The impact of the U.S.–China trade tensions on Taiwan are important to analyze because of Taiwan's relatively unique political and economic relationships with the United States and China, especially since the latter views Taiwan as its “breakaway province.” The regression results indicate that Taiwan's outward investment to China is significantly affected by Taiwan's lagged investment and exports to China, and the gap in the economic growth rates between Taiwan and China. Policy implications are provided for Taiwan to alleviate its economic dependency on the Chinese market and the negative impact from the U.S.-China trade war.

Domestic Sources of the US Trade War with China

2019 ◽  
Vol 11 (04) ◽  
pp. 5-18
Author(s):  
Troy STANGARONE
Keyword(s):  
United States ◽  
Southeast Asia ◽  
Economic Impact ◽  
The United States ◽  
Full Resolution ◽  
China Trade ◽  
Economic Practices ◽  
The Us ◽  
Trade War ◽  
Near Term

The origins of the US–China trade war predate the Trump administration’s aggressive stance and have their roots in the economic impact of China’s entry into the WTO and China’s economic practices. The recently concluded phase one deal provides each side a chance to cool the tensions, but the politics in the United States likely preclude a full resolution in the near term. Another consequence of the trade war is the acceleration of production shifts out of China to Southeast Asia, but these opportunities are accompanied by greater US scrutiny of trade with the region.

US firms will feel pressure in China, trade war or not

2018 ◽  
Keyword(s):  
United States ◽  
Integrated Circuits ◽  
The United States ◽  
Xi Jinping ◽  
Donald Trump ◽  
Trade Surplus ◽  
Content Type ◽  
China Trade ◽  
Trade War ◽  
Trump Administration

Subject China's options for retaliating against US firms during trade tensions. Significance US President Donald Trump tweeted yesterday that he is working with China's President Xi Jinping to get China's telecoms giant, ZTE, "back in business, fast" -- even though it was penal US sanctions that forced the company to announce last week that it was stopping operations. The Trump administration is divided on whether its objective in threatening imports tariffs on Chinese goods worth 50 billion dollars, effective May 22, is to strike a deal to cut China's trade surplus with the United States or to change China's industrial practices. Impacts Compliance costs will rise even if trade tensions subside. Investors in industries that China sees as strategic (eg, semiconductors and integrated circuits) may face unwritten screening rules. Investors in automobile, aircraft and shipping manufacturing and finance may find new opportunities to enter the market.

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