scholarly journals The Impacts of the American-Chinese Trade War and COVID-19 Pandemic on Taiwan’s Sales in Semiconductor Industry

2021 ◽  
Vol 13 (4) ◽  
pp. 62
Author(s):  
Tristan Kempf ◽  
Vito Bobek ◽  
Tatjana Horvat
Keyword(s):  
Semiconductor Industry ◽  
The United States ◽  
Trade Dispute ◽  
The Usa ◽  
Trade War ◽  
Tax Benefits ◽  
Infrastructure Investments ◽  
Chinese Trade ◽  
Military Relations ◽  
Economic Ties

The following paper deals with the American Chinese trade war and its impacts on Taiwan’s economy, particularly sales in Taiwan’s semiconductor industry. Indeed, trade tensions impact global supply chains, especially in the semiconductor industry, since its supply chain is highly globalized and dependent on many companies in various countries. Hence, the industry is susceptible to trade disruptions. With the largest microchip manufacturer TSMC, Taiwan is one of the key players in the fabrication of microchips. It has strong cultural, geographical, and economic ties to China and, on the other hand, strong economic and military relations to the United States. A trade war between those two countries is an enormous future challenge for the island. However, this paper proves that trade tensions had a lower-than-expected impact on Taiwan’s economy and the microchip industry. Due to capital that diverted from China to Taiwan and investments from Taiwanese companies in other countries like the USA. Additionally, Taiwan handled the Covid-19 pandemic extraordinarily well and therefore did not have any significant economic restrictions in the domestic market. Now it depends on the future action steps of the Taiwanese industry and government. If Taiwan manages to steer outgoing companies from China to Taiwan, the island could emerge as the surprise winner of the trade dispute. For this purpose, the paper gives concrete recommendations on how to increase the attractiveness for FDI through tax benefits or infrastructure investments.

The U.S.-Chinese Trade War: An Event Study of Stock-Market Responses

2020 ◽  
Author(s):  
Peter H Egger ◽  
Jiaqing Zhu
Keyword(s):  
Trade Agreements ◽  
The United States ◽  
Trade Flows ◽  
Time Span ◽  
Trade Dispute ◽  
Market Responses ◽  
Sequence Of Events ◽  
Trade War ◽  
Chinese Trade ◽  
The U.S

Abstract At the beginning of 2018, President Trump started taking protective tariff measures against products from China in a sequence of events which started a “trade war” between the United States (U.S.) and China. As the value of trade flows affected on both sides rose to a significant amount, this episode will become an interesting research object in the future. A thorough analysis of many outcomes of interest is at this point in time – and even will be in the next few years – impossible due to a lack of data which will only become available at a later point. However, as is customary with historical preferential liberalizations in trade agreements and potentially the opposite of it through Brexit, it is possible to gauge consequences of this “trade war” or “trade dispute” when focusing on the stocks of listed companies around related tariff-change announcements or implementations by the U.S. and China in the relevant time span. This paper proposes such an analysis and finds, very much consistent with the rumors from business, that the associated protectionist tariffs appear to have done to a large extent the opposite of what was intended: they hurt domestic firms in targeted and also other, untargeted sectors of an acting country, and they affect third countries and territories which are not even party to the “trade war” or “dispute”.

scholarly journals On Development of American-Chinese Trading Relations

2020 ◽  
Vol 14 (3) ◽  
pp. 26-38
Author(s):  
S. N. Pogodin ◽  
T. S. Yagya
Keyword(s):  
Statistical Data ◽  
Bilateral Trade ◽  
Present Stage ◽  
Economic Strategies ◽  
New Period ◽  
The Usa ◽  
Trade War ◽  
The New Period ◽  
Chinese Trade ◽  
Trade And Investment

The article is devoted to the analysis of the of American-Chinese trading relations’ development at the present stage. The economic strategies of the USA and China towards each other in the period up to 2016 are investigated and the changes that have occurred in the positions and activities of the administration of these two states since 2017 are tracked. The statistical data reflecting the state of bilateral trade of the USA and China, their investment activities for the period up to 2016 and in the new period from 2017 are analyzed. The emphasis is on identifying new features of American-Chinese trade and investment cooperation during the D. Trump’s administration. Attention is paid to the motives of the trade conflict named the trade war between the USA and China, and its results.

scholarly journals Sino–US Trade War: A Mini Review on Latin American Involvement

2019 ◽  
Vol 5 ◽  
pp. 1
Author(s):  
Nilay Yıldız ◽  
Keyword(s):  
United States ◽  
Latin America ◽  
Latin American ◽  
The United States ◽  
Critical Position ◽  
Trade Relations ◽  
Trade Dispute ◽  
Trade Politics ◽  
Trade War ◽  
The Cold War

This article is written to summarize what has been going on in trade war between the United States and China and to express how this war affects trade relations of Latin America with both of the actors being involved in the trade war. The reason why Latin America is chosen as a region to work on rests on the fact that both the United States and China have been conducting considerable trade relations with the region. This article is organized to analyze what kind of a position Latin America would be at during the upcoming moves from two giants and how the region should revise its ties with both economies considering the past relations it has had with before this trade war emerged. There have been many moves taken by the United States and China after the dispute started to show up; however, Latin America has been conducting considerable relations in terms of trade, politics, historical orientation, and geographical ties with both giants since long before the trade dispute began. Therefore, this article has an aim to recover the historical trade relations of Latin America and to have some clues to determine what can come next for the region’s economic position and trade relations. Colonial past of the region, the role it has played during the Cold War, the involvement of the Latin America in trade relations with China, and Chinese presence in the region are the factors that are included in the article to understand the critical position of Latin America in the Sino–US trade war.

scholarly journals Trade War between the USA and China: Impact on an Austrian Company in the Steel Sector

2020 ◽  
Vol 66 (1) ◽  
pp. 39-51
Author(s):  
Thomas Scheipl ◽  
Vito Bobek ◽  
Tatjana Horvat
Keyword(s):  
Steel Industry ◽  
Quantitative Research ◽  
Optimal Strategies ◽  
Negative Effects ◽  
Trade Dispute ◽  
The Usa ◽  
Steel Sector ◽  
Trade War ◽  
Full Swing ◽  
The Impact

AbstractThe paper is intended to provide information on the trade war between China and the USA. It analyses the consequences of the trade dispute, discusses the impact on an Austrian company in the steel sector, gives an overview of possible strategies with which companies can reduce the negative effects of tariffs and discusses strategies that are good options for companies in the steel industry. The methodology applied included theoretical and empirical research based on quantitative analysis as well as quantitative research in the form of expert interviews. The results show that the trade war between China and the USA was in full swing until January 2020. The impacts do not only affect the parties involved, but also other parties such as the EU. Companies can use a variety of strategies to mitigate the negative effects of trade wars. The best strategy for a company depends on the structure of the company, its products and its competitors. The paper adds new insights to the existing literature on the trade war between China and the US and its effects, strategies to mitigate the negative effects of tariffs and discussions on optimal strategies for companies in the steel industry.

scholarly journals Vietnam Game Between USA and China

2018 ◽  
Vol 22 (1) ◽  
pp. 51-64
Author(s):  
Małgorzata Pietrasiak
Keyword(s):  
United States ◽  
South China Sea ◽  
South China ◽  
The United States ◽  
The South China Sea ◽  
Scientific Cooperation ◽  
Paracel Islands ◽  
The Usa ◽  
Maritime Disputes ◽  
Economic Ties

Vietnam tries to respond to changing international situations, while attempting to stay in accordance with its own ambitions. China and the USA, the two superpowers, are the most important partners of Vietnamese strategy, which is determined by these two countries. The most important economic partner and ideological ally is China. But both sides have some serious problems to resolve such as maritime disputes. The situation imposes the need to seek counterbalance, a reliable ally who provides protection for its own interests. So Vietnam looks to balance improved relations with China while seeking deeper and multidimensional relations with the USA. The United States offers many advantages that are attractive to Vietnam. Inevitably, economic ties and new projects e.g. TPP, political, cultural and scientific cooperation make up these advantages. However, the United States can only provide support for the Spratly and Paracel Islands’ dispute and improving cooperative measures in the South China Sea with the presence of U.S. naval vessels and dialogue that assists Vietnam defense. Vietnam has again become an element in the American strategy of pivoting to Asia.

scholarly journals Asia in 2020

Asian Survey ◽  
2021 ◽  
Vol 61 (1) ◽  
pp. 1-10
Author(s):  
Uk Heo
Keyword(s):  
United States ◽  
The United States ◽  
Trade Dispute ◽  
China Trade ◽  
The Us ◽  
The Future ◽  
Asian Economies ◽  
Trade War

The biggest stories of the year 2020 were the COVID-19 pandemic and a trade dispute between the United States and China. The pandemic significantly damaged the Asian economies. The US-China trade war halted after a phase one trade deal and the pandemic, but the future is unclear.

scholarly journals UKRAINIAN BUSINESS UNDER THE CONDITIONS OF WORD TRADE WARS: OBSERVER, PARTICIPANT OR VICTIM?

2021 ◽  
Vol 1 (36) ◽  
pp. 504-514
Author(s):  
S. Bai ◽  
N. Dyeyeva ◽  
T. Melnyk ◽  
K. Puhachevska
Keyword(s):  
United States ◽  
Economic History ◽  
Trade Balance ◽  
The United States ◽  
Military Operations ◽  
The Usa ◽  
Trade War ◽  
The Impact ◽  
Trade Wars

We focused our attention on the causes of the current trade war between the United States and China. The article analyzes the influence of electoral processes in the USA on the choice between free trade and protectionism. The relationship between China’s accession to the WTO, mutually beneficial cooperation with the United States, and trends in the trade balance between major trading partners have been determined. The article illustrates the main mutual claims between the United States and China, which led to the outbreak of «the largest trade war in economic history». We determined the main stages of the conduct of «military operations» and characterized the directions of the conflict escalation. The attention is focused on the losses in the trade war; the main beneficiaries from the «trade disagreements» were identified. We proposed an alternative opinion on the real consequences of the trade war for the warring parties. The article studies the impact of trade wars on world GDP and the national economies of the largest countries of the world. Attention is focused on the existence of «phantom trade» for finding the way out of sanctions and tariffs. The role of Ukrainian business in trade wars is examined in detail. We analyzed the main trade wars Ukrainian enterprises are involved in and possible results for the business. The article gives the author’s vision of the impact of the trade war on the trade balance between Ukraine and the key participants in the trade war: the United States and China. We concluded which branches of the Ukrainian industry are in priority for developing trade relations with China. The article highlights the main barriers to the development of trade with the United States and the reasons for the decline in the export of Ukrainian goods. We predicted how the improvement in relations between the United States and China will affect the role of Ukrainian business in the context of world trade wars.

TRADE WAR BETWEEN CHINA AND THE USA FROM THE POINT OF VIEW OF RUSSIAN NATIONAL INTERESTS

2021 ◽  
Author(s):  
M.S. Batagaeva ◽  
◽  
A.D. Rakhimova ◽  
Keyword(s):  
United States ◽  
International Conflict ◽  
The United States ◽  
Point Of View ◽  
National Interests ◽  
Russian Economy ◽  
The Usa ◽  
Trade War ◽  
The Impact

The paper evaluated the impact of the of the trade war between China and the United States on the Russian economy. The main spheres of the Russian economy affected by the international conflict are highlighted and the impact on them is assessed.

scholarly journals Modern challenges in the Asia-Pacific

2018 ◽  
pp. 72-82
Author(s):  
Anatoliy Khudoliy
Keyword(s):  
United States ◽  
Foreign Policy ◽  
The United States ◽  
Asia Pacific ◽  
Regional Security ◽  
Strategic Partnerships ◽  
National Interests ◽  
Goods And Services ◽  
The Usa ◽  
Military Relations

The article deals with American-Chinese and American-Indian relationships in the 21st century. The researcher focused on political, military and economic aspects of cooperation between Washington and Beijing, Washington and New Deli over the last few years of the twenty-first century. The author of the article has analyzed major tendencies of development of American-Chinese relationships in the context of bilateral cooperation during the presidency of Barack Obama and Donald Trump. The economic and security activities of China, oriented to a strengthening of leadership positions of Beijing, as a key actor, in the regional policy were detailed. Along with it, the author shifted attention to Washington priorities in bilateral relations considering its pragmatic purposes and national interests which considerably influence foreign policy course of the United States. Despite close relations between the USA and the People’s Republic of China, there are factors that set limits for the strategic partnerships between the two countries. The author analyzed not only foreign policy of the United States but also the foreign policy strategy of China that hides interventionism behind the economic policy, trade, economic activity and projects such as ‘One belt, one road’. Some cases of conflict situations between China and its neighbors are analyzed in order to highlight problems. The author analyzed definite political and economic steps made by President Trump in order to strengthen American positions and regional security. Under the support of Washington, India, Japan, and Australia play more important roles as regional actors. India’s role in the regional confrontation between the United States and China is well depicted. Since 2017 India increased its positions in exporting goods and services to the United States, which is one of the main markets after China and the EU. Nevertheless, the USA is still a key player in the region. So, developing trade, financial and military relations, the USA is attempting not only to preserve, but also to strengthen its own positions in the Asia-Pacific and, as a result, to contain China.

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