Marxist political economy provides a perspective for grasping the root cause of the China-US trade war.The international relations of production,which stem from the international division of labor,shape the distributi...Marxist political economy provides a perspective for grasping the root cause of the China-US trade war.The international relations of production,which stem from the international division of labor,shape the distribution of international economic interests and the political status of countries.Traditionally,developing countries have been subjected to the“periphery”in the international division of labor.In the new global value chain,developing countries have remained in a subordinate position characterized by“technological-market”dependence.To achieve the goal of building a strong modern nation,China must escape the“technological-market”dependence.Yet China’s efforts and achievements in escaping dependent development are deemed as a threat to US vested interests in the international markets.To preserve the economic foundation of its hegemony,the US has resorted to a trade war to contain China’s development.展开更多
The Trump administration's hostile trade actions against China since the beginning of this year violate World Trade Organization rules. To protect the free trade world economic system, China has stood up to fight ...The Trump administration's hostile trade actions against China since the beginning of this year violate World Trade Organization rules. To protect the free trade world economic system, China has stood up to fight this trade bullying. When the US administration continued with harsher actions, the escalation in trade friction increased the potential harm for both countries. China has been very clear that Trump's trade tariffs cannot improve the bilateral trade imbalance. Tit-for-tat ought to be a last resort but China is open to talking. Now the ball is in Trump's court. As two big,influential economies, China and the US should calm down and go back to negotiating table to avoid a trade war trap. Bullying is only one approach President Trump can choose, but arbitrary threats are no solution.展开更多
Since 2018,the Trump administra-tion has imposed 25% tariffs on Chinese goods worth 50 billion US dollars and 10%tariffs on 200 billion US dollars of Chinese goods on the grounds of the US huge trade deficit with Chin...Since 2018,the Trump administra-tion has imposed 25% tariffs on Chinese goods worth 50 billion US dollars and 10%tariffs on 200 billion US dollars of Chinese goods on the grounds of the US huge trade deficit with China,China's infringements onUS intellectual property rights,and unfair competition from China.The US has launched an unprecedented tradewar with China by imposing tariffs.展开更多
The 2024 election is a pivotal and highly contested event in the United States.Donald Trump is expected to compete against Joe Biden without any doubts.A potential return of Trump to the White House would likely cause...The 2024 election is a pivotal and highly contested event in the United States.Donald Trump is expected to compete against Joe Biden without any doubts.A potential return of Trump to the White House would likely cause significant reactions in East Asia,particularly among the three major countries in the region.This analysis will explore the detailed implications of Trump’s return.展开更多
The power and interest of industrial manufacturers are determined by their status in the relations of production.At the international level,countries see their economic and political status rise only when they climb t...The power and interest of industrial manufacturers are determined by their status in the relations of production.At the international level,countries see their economic and political status rise only when they climb the ladder in the international division of labor.As the primary production forces,science and technology are the main drivers behind such change.As new technologies give rise to new industries and restructure the international division of labor,developed countries strive to enhance the protection of their intellectual property rights(IPR)and safeguard their monopoly over core technologies.For developed countries,technological prowess holds the key to their supremacy in the global supply chain and international relations.The 19 th CPC National Congress makes clear the overarching goal in the new era is to rejuvenate the Chinese nation and turn China into a strong modern country.As an important material condition for achieving this goal,China must transition from being medium-and low-end links in the international division of labor to becoming high-end links.In this process,China will encounter backlash from developed countries that lead in the international division of labor.The recent China-US tussle over trade in high-tech goods is a case in point,and should be viewed through the lens of the relations of production and the international division of labor.The insights thus achieved will be of great significance to China’s future development.展开更多
During its rise as a world power, the United States(U.S.) adopted a traditional form of mercantilism, and most US politicians followed a protectionist approach. From the end of the Civil War to the eve of World War I,...During its rise as a world power, the United States(U.S.) adopted a traditional form of mercantilism, and most US politicians followed a protectionist approach. From the end of the Civil War to the eve of World War I, the United States blazed a new trail of industrial development and implemented protective policies such as high tariffs. This historical tradition has had a profound influence on some current US politicians. After the collapse of the Bretton Woods system, the United States developed a new form of mercantilism, as manifested in the emergence of nontariff barriers instead of tariff barriers to restrict imports and protect domestic industries and employment. Although export regulations have avoided affecting the technology industry, they have led to hefty trade deficits for the United States. National interests have prevailed in U.S. decision-making and have influenced its choices to accede to or walk away from international organizations or treaties. The dollar's hegemony has played a pivotal role in U.S. economic policymaking. These factors have led to the twin deficits in the U.S. economy, i.e. a trade deficit and a fiscal deficit. The real intention of the United States in waging a trade war against China is to maintain and even strengthen the dollar's hegemony and the U.S.' international predominance.展开更多
Since he took office, the new US president, Donald Trump, has unveiled his broad economic policy--now called Trumponomics. It emphasizes neoliberalism at home, less government regulations, more growth and weakening th...Since he took office, the new US president, Donald Trump, has unveiled his broad economic policy--now called Trumponomics. It emphasizes neoliberalism at home, less government regulations, more growth and weakening the welfare state. Intemationally, Trumponomics embraces protectionism and nativism with a focus on US economic interests. Trumponomics caters to the lower-middle classes, a reflection of the country＇s current economic and diplomatic challenges. Trumponomics will bring uncertainty to China-US economic and trade relations. China should carefully study the policies of the Trump administration and prepare contingency plans.展开更多
For years, the US and China have cooperated closely on manufacturing programs, which helps China become the world manufacturing center. While they both have gained much from the cooperation, there are also increasing ...For years, the US and China have cooperated closely on manufacturing programs, which helps China become the world manufacturing center. While they both have gained much from the cooperation, there are also increasing frictions, disputes, complains and dissatisfaction with each other because of the huge trade unbalance problem and other significant issues. The US is eager to expand export to China, but China seems hesitating to decide what to import from the US. This paper presents an analysis about the benefits of the US-China cooperation with a primary focus on the service sector, which remains a large and untapped opportunity for China. The goal of the paper is to explore a new route to relieve the trade balance issues as they separately impact both nations. While focusing on analyzing several immediate opportunities, the paper also investigates several new ideas that rest on technology as well as entrepreneurial development.展开更多
The trade war between the USA and China has shocked many across the world.A disruption to the interdependence of the two largest economies seemed unfathomable.However,in an effort to thwart China’s economic practices...The trade war between the USA and China has shocked many across the world.A disruption to the interdependence of the two largest economies seemed unfathomable.However,in an effort to thwart China’s economic practices and boost the US economy,President Trump’s administration levied tariffs on Chinese imports shortly after taking office,moving US foreign economic policy from liberalism,practiced for decades,to protectionism.China has retaliated,and the trade war continues today.With conceptual insights from the nationalism literature,we explore the nationalist roots of the trade war from both the US and Chinese perspectives.In the USA,the Trump administration’s plan to achieve energy autonomy,decrease reliance on foreign resources,and reinvigorate the manufacturing sector has led to protectionist policies,the othering of China,and hence the trade war.Although reluctant to enter the conflict,China has rebuffed the USA,resisting and counterattacking US actions,owing to a long-felt sense of persecution in the global space and an eagerness to participate fully,and lead in some issue areas,in international affairs.The conflict continues into the COVID-19 era,marked by US scapegoating of China and hits to economic performance.Until both sides are convinced they have achieved their goals,or the USA undergoes an administration change,the conflict will likely continue.展开更多
基金This study is funded by Major Research Program on Philosophy and Social Sciences of Jiangsu Education Department(The Education of Marxism International View in Colleges and Universities for a New Era,No.2022SJZDSZ001)Green Research Program of Nanjing University of Aeronautics and Astronautics(China-US Science and Technology Competition from the Perspective of Marxism,No.1023-YAH21032).
文摘Marxist political economy provides a perspective for grasping the root cause of the China-US trade war.The international relations of production,which stem from the international division of labor,shape the distribution of international economic interests and the political status of countries.Traditionally,developing countries have been subjected to the“periphery”in the international division of labor.In the new global value chain,developing countries have remained in a subordinate position characterized by“technological-market”dependence.To achieve the goal of building a strong modern nation,China must escape the“technological-market”dependence.Yet China’s efforts and achievements in escaping dependent development are deemed as a threat to US vested interests in the international markets.To preserve the economic foundation of its hegemony,the US has resorted to a trade war to contain China’s development.
文摘The Trump administration's hostile trade actions against China since the beginning of this year violate World Trade Organization rules. To protect the free trade world economic system, China has stood up to fight this trade bullying. When the US administration continued with harsher actions, the escalation in trade friction increased the potential harm for both countries. China has been very clear that Trump's trade tariffs cannot improve the bilateral trade imbalance. Tit-for-tat ought to be a last resort but China is open to talking. Now the ball is in Trump's court. As two big,influential economies, China and the US should calm down and go back to negotiating table to avoid a trade war trap. Bullying is only one approach President Trump can choose, but arbitrary threats are no solution.
文摘Since 2018,the Trump administra-tion has imposed 25% tariffs on Chinese goods worth 50 billion US dollars and 10%tariffs on 200 billion US dollars of Chinese goods on the grounds of the US huge trade deficit with China,China's infringements onUS intellectual property rights,and unfair competition from China.The US has launched an unprecedented tradewar with China by imposing tariffs.
文摘The 2024 election is a pivotal and highly contested event in the United States.Donald Trump is expected to compete against Joe Biden without any doubts.A potential return of Trump to the White House would likely cause significant reactions in East Asia,particularly among the three major countries in the region.This analysis will explore the detailed implications of Trump’s return.
文摘The power and interest of industrial manufacturers are determined by their status in the relations of production.At the international level,countries see their economic and political status rise only when they climb the ladder in the international division of labor.As the primary production forces,science and technology are the main drivers behind such change.As new technologies give rise to new industries and restructure the international division of labor,developed countries strive to enhance the protection of their intellectual property rights(IPR)and safeguard their monopoly over core technologies.For developed countries,technological prowess holds the key to their supremacy in the global supply chain and international relations.The 19 th CPC National Congress makes clear the overarching goal in the new era is to rejuvenate the Chinese nation and turn China into a strong modern country.As an important material condition for achieving this goal,China must transition from being medium-and low-end links in the international division of labor to becoming high-end links.In this process,China will encounter backlash from developed countries that lead in the international division of labor.The recent China-US tussle over trade in high-tech goods is a case in point,and should be viewed through the lens of the relations of production and the international division of labor.The insights thus achieved will be of great significance to China’s future development.
基金funded by the National Social Sciences Fund (NSSF) project “Study on U.S. Mercantilist Tradition and New Forms of Mercantilism (Approval No. 17BJL021)”
文摘During its rise as a world power, the United States(U.S.) adopted a traditional form of mercantilism, and most US politicians followed a protectionist approach. From the end of the Civil War to the eve of World War I, the United States blazed a new trail of industrial development and implemented protective policies such as high tariffs. This historical tradition has had a profound influence on some current US politicians. After the collapse of the Bretton Woods system, the United States developed a new form of mercantilism, as manifested in the emergence of nontariff barriers instead of tariff barriers to restrict imports and protect domestic industries and employment. Although export regulations have avoided affecting the technology industry, they have led to hefty trade deficits for the United States. National interests have prevailed in U.S. decision-making and have influenced its choices to accede to or walk away from international organizations or treaties. The dollar's hegemony has played a pivotal role in U.S. economic policymaking. These factors have led to the twin deficits in the U.S. economy, i.e. a trade deficit and a fiscal deficit. The real intention of the United States in waging a trade war against China is to maintain and even strengthen the dollar's hegemony and the U.S.' international predominance.
文摘Since he took office, the new US president, Donald Trump, has unveiled his broad economic policy--now called Trumponomics. It emphasizes neoliberalism at home, less government regulations, more growth and weakening the welfare state. Intemationally, Trumponomics embraces protectionism and nativism with a focus on US economic interests. Trumponomics caters to the lower-middle classes, a reflection of the country＇s current economic and diplomatic challenges. Trumponomics will bring uncertainty to China-US economic and trade relations. China should carefully study the policies of the Trump administration and prepare contingency plans.
文摘For years, the US and China have cooperated closely on manufacturing programs, which helps China become the world manufacturing center. While they both have gained much from the cooperation, there are also increasing frictions, disputes, complains and dissatisfaction with each other because of the huge trade unbalance problem and other significant issues. The US is eager to expand export to China, but China seems hesitating to decide what to import from the US. This paper presents an analysis about the benefits of the US-China cooperation with a primary focus on the service sector, which remains a large and untapped opportunity for China. The goal of the paper is to explore a new route to relieve the trade balance issues as they separately impact both nations. While focusing on analyzing several immediate opportunities, the paper also investigates several new ideas that rest on technology as well as entrepreneurial development.
文摘The trade war between the USA and China has shocked many across the world.A disruption to the interdependence of the two largest economies seemed unfathomable.However,in an effort to thwart China’s economic practices and boost the US economy,President Trump’s administration levied tariffs on Chinese imports shortly after taking office,moving US foreign economic policy from liberalism,practiced for decades,to protectionism.China has retaliated,and the trade war continues today.With conceptual insights from the nationalism literature,we explore the nationalist roots of the trade war from both the US and Chinese perspectives.In the USA,the Trump administration’s plan to achieve energy autonomy,decrease reliance on foreign resources,and reinvigorate the manufacturing sector has led to protectionist policies,the othering of China,and hence the trade war.Although reluctant to enter the conflict,China has rebuffed the USA,resisting and counterattacking US actions,owing to a long-felt sense of persecution in the global space and an eagerness to participate fully,and lead in some issue areas,in international affairs.The conflict continues into the COVID-19 era,marked by US scapegoating of China and hits to economic performance.Until both sides are convinced they have achieved their goals,or the USA undergoes an administration change,the conflict will likely continue.
