Analysis on the economic effect of Sino-US trade friction from the perspective of added value

Based on the theory of trade added value, this paper discusses the potential actual trade scale and benefit damage degree of the two countries under the background of big country game by measuring the real trade scale of China and the USA, simulating the economic impact of tariffs imposed by China and the USA and utilizing Wang–Wei–Zhu (WWZ) method to decompose the potential changes in Sino-US trade. The results show that: firstly, the size of China-US trade in terms of total value is significantly overestimated and China's overall trade with the USA in 2001–2014 was overestimated by an average of 3.06 percent, of which goods trade was overestimated by 8.06 percent. Secondly, although tariff increases can reduce the degree of trade imbalance between China and the USA to some extent, the adverse effects are mutual and global, and the European Union, the Association of Southeast Asian Nations (ASEAN), Japan and Canada become the main transfer countries of Sino-US trade. Thirdly, the pattern of China's final exports and the US' intermediate exports determines that China's trade interests are more damaged than those of the USA. It is proved that there is a big gap between China and the USA in the depth and breadth of China's participation in the value chain division of labor and the trade scale measured by Gross Domestic Product is more instructive than the total value.

REGULATION OF MARITIME CONTAINER CARRIAGE DURING PANDEMIC PERIOD

This article is about the spread of the coronavirus infection COVID-19 and its consequences for intermodal transportation. As a result of the analysis, it was found that the most serious problem is the lack of empty containers and the global trade imbalance.

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

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.

MACRO-ECONOMIC FACTORS OF SINO-US TRADE IMBALANCET

China is one of the developing countries with the most rapid development and the U.S. is de-veloped country with the strongest economic strength, economic development of the two coun-tries has become main impetus of the world economic growth. Sino-US bilateral trade has be-come the most important constituent part of global trade. With the rapid development of Sino-US bilateral trade, trade imbalance also lead great concern of the two governments and academic circles, especially after China entered into WTO, the problem of Sino-US trade imbalance be-come even more serious. This paper mainly analyzes the influence of macroeconomic factors on China-US trade deficit, as economists generally believe that savings and exchange rates are closely related to trade balance. Undervalued exchange rate can keep relatively low prices for products made in China, while the booming domestic demand in the United States provides China with a wide variety of external market opportunities. This paper points out that difference in saving rates between the two countries is an important macroeconomic reason for the contin-ued growth of China’s trade surplus with the United States in international trade. The RMB exchange rate is an influencing factor, but not a fundamental one.