The trade relationship between the USA and China are going through a difficult period. Over the last decades, the United States was a trade leader in the world market. Despite this, China is steadily gaining momentum and in just a few decades has become one of the major trade rivals of the United States of America. In the conditions of the globalization, US-Sino trade operations have reached the huge turnovers, and their commercial ties expanded significantly. China is the third largest market for exports and the largest importer to the United States.
Understanding Trump’s Trade War
The US-China Trade War | Jahangir's World Times
US-China Trade War. In March , the Trump administration initiated what was called the national security review by imposing tariffs on steel and steel; it soon turned into intellectual property rights and extended to technology. This was the beginning of the US-China tariffs war. The Trump administration was keen on reducing trade deficits, enforcing the US trade laws, and ensuring free and fair trade. Trump believed that the large trade deficit resulted from unfair trading practices from China: the Chinese economic model has been working in favor of Chinese companies both in the international market and China Meltzer and Shenai Most American business in China has to trade their trade secrets to operate within the country. The unfair trade practice further is increased by the State-Owned Enterprise SOE structure that China has in which domestic firms get subsidies from the government making it hard for American Firms to compete Meltzer and Shenai,
Trade War Between China and US History Analysis Essay Example
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In fact, this is a trade war where top two largest world economies participate. In this paper, we have made an attempt to describe and explain the motives behind this trade war along with the potential threats, causes and effects for the world economy. Comparative macroeconomic analysis of the involved countries has been also conducted.