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2022 | OriginalPaper | Chapter

6. The US–China Relations and Trade Policy

Authors : K. C. Fung, Nathalie Aminian, Chris Y. Tung

Published in: Global Trade and Trade Governance During De-Globalization

Publisher: Springer International Publishing

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Abstract

This paper attempts to examine the U.S.–China trade relations and policies. In this perspective, the U.S.–Japan trade frictions of the1980s and 1990s are instructive and reveal common features with the current U.S.–China trade war. Many of the U.S. government allegations raised against Japan in the past are currently raised against China. The focus is made on complaints of bilateral trade imbalances, “unique” economic or business organizations, and exchange rate manipulations. Relevant contemporaneous research and policy lessons are drawn from the management of previous U.S.–Japan trade disputes and their potential applicability to the current U.S.–China trade competition. Discrepancies between the two episodes are also taken into consideration, particularly the emergence and prevalence of digital companies and the technological competition between China and the United States. We highlight that the trade war is only part of a substantial debate in the United States about China’s rising economic power. The economic emergence of China is increasingly worrying the United States, as China is technological upscaling and is now a leader in several sectors (5G, Internet of Things (IoT), etc.)

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Title: The US–China Relations and Trade Policy
Authors: K. C. Fung
Nathalie Aminian
Chris Y. Tung
Publisher: Springer International Publishing
Book: Global Trade and Trade Governance During De-Globalization
Print ISBN: 978-3-031-13756-3

Electronic ISBN: 978-3-031-13757-0

Copyright Year: 2022
DOI: https://doi.org/10.1007/978-3-031-13757-0_6