Evolving U.S. – China Trade War: American and Chinese Perspectives
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Evolving U.S. – China Trade War: American and Chinese Perspectives
Annotation
PII
S032120680002703-7-1
DOI
10.31857/S032120680002703-7
Publication type
Article
Status
Published
Authors
Sergey Trush 
Occupation: Candidate of Sciences (History), Leading analyst
Affiliation: Institute for the U.S. and Canadian Studies, Russian Academy of Sciences (ISKRAN)
Address: 2/3 Khlebny per., Moscow, 121069, Russian Federation
Edition
Pages
69-85
Abstract

The article deals with the main arguments and perspectives on the trade war between the U.S. and China that are circulating in the expert field and policy making community of both countries. Trump’s opponents argue that globalization, international division of labor, the innovative strong points of the U.S. economy could not be changed overnight. Those strong points are quite visible and very profitable in the economic ties with China. Protectionist instruments will not be able to slow down substantially China’s economic and technological growth. Chinese experts argue that the U.S. trade deficit is not the result of China’s «theft». Deficit has grown up due to various structural deficiencies of the U.S. economy, the lack of balance between the accumulation and consuming habits of the U.S. citizen. The U.S. blaming China in technological “blackmail” and making pressure on foreign businesses in China is not true. China’s industrial policies in general are based on the WTO special rules and transition periods, that China negotiated for itself before joining this organization in 2001.

Keywords
trade war; U.S.-China relations; U.S. trade deficit; Trump administration; protectionism; industrial policy of China; import tariffs; «Made in China - 2025»; intellectual property rights; export oriented development
Received
24.10.2018
Date of publication
07.12.2018
Number of purchasers
10
Views
902
Readers community rating
0.0 (0 votes)
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References

1. Supyan V.B. 2018. Ekonomicheskaya politika D. Trampa: novye podkhody ili povtorenie proydennogo // SShA & Kanada, No 5, s. 11 [Supyan V.B. 2018. Economic Policy of Donald Trump: new approaches or repetition of the passed // USA & Canada Journal, No 5, p. 11].

2. Trush S.M. 2014. Amerikanskiy proyekt Trans-tikhookeanskogo partnyerstva i Kitay. [Trush S.M. 2014. American Project of Trans-Pacific Partnership and China // International Affairs, No 11]. Available at: https://interaffairs.ru/jauthor/material/1174 (accessed 15.10.2018).

3. Trush S.M. Kitaiskaya byurokratiya i SShA: motivatsii vzaimozavisimosti i konflikta [Trush S.M. 2013. The Chineese Beuracracy and the USA: Interdependence and Conflict Motivations // International Affairs, No 11]. Available at: https://interaffairs.ru/jauthor/material/976 (accessed 15.10.2018).

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