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China–US Trade Disputes in 2018: An Overview
Author(s) -
Lu Feng
Publication year - 2018
Publication title -
china and world economy
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.815
H-Index - 28
eISSN - 1749-124X
pISSN - 1671-2234
DOI - 10.1111/cwe.12257
Subject(s) - china , international trade , international economics , economics , business , political science , law
Abstract The paper provides an overview of changes in the US policy stance toward China that have resulted in the currently unstable economic and trade relationship between the two countries. It reviews the trade and economic relationship between China and the US during the first year of the Trump Administration, summarizes the systematic changes in trade and external economic policies adopted by the Trump Administration in general, and particularly toward China, and observes the implementation of a hawkish trade policy that ignited dispute between the US and China. The main factors shaping the current situation are examined, including structural difficulties in the US economy, the characteristics of the Chinese institutional setting and policies that have become increasingly unacceptable to the US, the specific personal beliefs and positions of President Trump and his main aides in the economic and trade team, and short‐term factors in the US internal political arena.