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The China–US Trade War: Deep‐Rooted Causes, Shifting Focus and Uncertain Prospects
Author(s) -
Kwan Chi Hung
Publication year - 2020
Publication title -
asian economic policy review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.58
H-Index - 20
eISSN - 1748-3131
pISSN - 1832-8105
DOI - 10.1111/aepr.12284
Subject(s) - trade war , china , hegemony , economics , decoupling (probability) , international trade , chinese economy , high tech , economy , international economics , political science , law , engineering , control engineering , politics
The USA has waged a trade war against China, whose rapid rise has come to be seen as a threat to US hegemony. Besides imposing additional tariffs on imported Chinese products, the USA is also tightening restrictions on the transfer of technology to China and the business activities of some Chinese high‐tech companies, notably Huawei. The escalation of the trade war into a tech war could lead to a decoupling between the US and Chinese economies, if not a world economy divided into two economic blocs that centered on them.