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

2020 ◽  
Vol 10 (01) ◽  
pp. 61-81
Author(s):  
Mathieu Arès ◽  
Éric Boulanger
2020 ◽  
Vol 96 (2) ◽  
pp. 419-437
Author(s):  
Xiangfeng Yang

Abstract Ample evidence exists that China was caught off guard by the Trump administration's onslaught of punishing acts—the trade war being a prime, but far from the only, example. This article, in addition to contextualizing their earlier optimism about the relations with the United States under President Trump, examines why Chinese leaders and analysts were surprised by the turn of events. It argues that three main factors contributed to the lapse of judgment. First, Chinese officials and analysts grossly misunderstood Donald Trump the individual. By overemphasizing his pragmatism while downplaying his unpredictability, they ended up underprepared for the policies he unleashed. Second, some ingrained Chinese beliefs, manifested in the analogies of the pendulum swing and the ‘bickering couple’, as well as the narrative of the ‘ballast’, lulled officials and scholars into undue optimism about the stability of the broader relationship. Third, analytical and methodological problems as well as political considerations prevented them from fully grasping the strategic shift against China in the US.


2020 ◽  
Vol 3 (1) ◽  
pp. 47-55
Author(s):  
Mohamad Zreik

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.


Author(s):  
A.V. Brizitskaya

The article analyzes the trade relations between Russia and China in the modern period characterized by changes in the situation on the world stage and in the domestic political life of countries. The dynamics and commodity structure of bilateral trade of Russia and China have been studied, the Index of trade com-plementarity has been calculated, which showed that Chinese exports are more complementary to the structure of Russian imports than vice versa. Emphasis is placed on traditional trade in goods, excluding services and cross-border e-Commerce. The paper identifies two main directions which the development of Russian exports to China can take in the conditions of the "trade war" of China and the United States. The short-sighted policy of increasing only fuel and energy exports is justified. The reasons hindering the development of non-resource exports of Russia, primarily agricultural products and food, to China have been identified.


Author(s):  
Kristina Kironska

Abstract This article combines the study of Taiwan’s New Southbound Policy with a case study of Taiwan–Myanmar relations from a perspective of political relations, economic cooperation, and Taiwan’s (un)recognisability in Myanmar—i.e. Taiwan’s soft power in Myanmar. The first part of the paper introduces the policy and compares it with the previous ones, and sheds light on Taiwan’s motivation to engage with Myanmar. It considers the ongoing trade war between the United States and China, due to which investment relocation from China is expected to sharply increase. The second part of the paper provides an insight into the relationship between Taiwan and Myanmar after Myanmar’s state-led political transformation from military rule and economic liberalisation since approximately 2010. It explains the main aspects and determinants of the relationship between two countries that share a neighbouring potential hegemon which they both wish to balance against.


2019 ◽  
pp. 99-114
Author(s):  
Gilbert E. Metcalf

This chapter reviews the nuts and bolts of implementing a carbon tax. Invoking principles of administrative simplicity, ease of compliance, and avoidance of design features that dilute the price signal, it gives practical advice on who should be responsible for collecting the tax and remitting it to the government. It explains how the tax should handle the possibility that we can capture and permanently store carbon dioxide emissions and how we should tax emissions related to internationally traded goods so the United States is not disadvantaged in global trade. Finally, it identifies, and warns policymakers away from, various pitfalls in carbon tax design.


2018 ◽  
Vol 10 (04) ◽  
pp. 5-23
Author(s):  
Yuqing XING

China—US trade war looks like a modern version of the Thucydides Trap. The devastating consequences of the trade war can be avoided if China takes the drastic step to open its market to US firms and allow foreign firms to have a level playing field to compete with Chinese firms. It is time that Chinese consumers embrace products “made beyond China”. Strengthening economic cooperation with the European Union (EU) and Japan would give China the leverage to counterbalance the pressure of the United States. China, however, should be ready to offer significant concessions in opening its domestic market too.


2019 ◽  
Vol 11 (04) ◽  
pp. 5-18
Author(s):  
Troy STANGARONE

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.


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