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ID:
167737
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| Summary/Abstract |
The dispute between the United States and the People's Republic of China over trade and economic issues has a long history. It has now become clear, however, that Donald Trump's protectionist policy is in direct contrast to China's consistent position in defense of free trade, based on the principles of the World Trade Organization (WTO). Washington sees in Beijing its main strategic competitor and has adopted a policy of long-term opposition to China in all spheres, including trade and economics. Having launched a trade war against China, the United States is also doing its best to weaken by noneconomic means their growing competition in the field of high technology.
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| 2 |
ID:
164058
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| Summary/Abstract |
According to China's customs statistics, its foreign trade grew from 2010 to 2017 by 1.4 times (from $2,974 billion to $4,105 billion). The countries situated along the of the Silk Road Economic Belt (SREB) and the Maritime Silk Road of the 21st Century (MSR-21) now account for over a quarter of its foreign trade turnover.
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| 3 |
ID:
167736
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| Summary/Abstract |
In August 2017, U.S. President Donald Trump, in accordance with Article 301 of the 1974 Law on Trade, ordered an investigation into China's policy on technologies, intellectual property, and innovation transfer. In response to the PRC violations that were revealed, Washington has raised tariffs on imported Chinese goods three times since July 2018, for a total of $250 billion. It has also placed limits on Chinese investments in the United States. This article explains the logic behind President Trump's foreign economic policy, his motivation in the unfolding trade wars, and his views on a preferred world economic order.
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