«Trade Wars» and the Struggle for Renewal of World Economic Order

 
PIIS013128120004639-3-1
DOI10.31857/S013128120004639-3
Publication type Article
Status Published
Authors
Affiliation: SPbSU
Address: Russian Federation
Journal nameProblemy Dalnego Vostoka
EditionIssue 2
Pages59-66
Abstract

In August 2017 the US President D. Trump launched under the Section 301 of the Trade Act of 1974 an investigation of China’s policies on intellectual property, technology transfer, and innovation. Since July 2018, the United States has unilaterally implemented three rounds of tariff increases under Section 301 on a total of $250 billion worth of Chinese products and restricted China’s investments in US economy. The article explains the logic of D. Trump’s trade policy, his motivation behind the initiation of “trade wars”, and his vision of the desired world economic order.

KeywordsChina, US, “trade war”, China’s rise, international economic system, protectionism, D. Trump, US-China relations
AcknowledgmentThe study was carried out with the financial support of the Russian Foundation for Basic Research in the framework of research project No. 17–07–50016-OGN
Received16.05.2019
Publication date17.05.2019
Number of characters27714
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1. WTO ITC UNCTAD. World tariff profiles 2018. P. 12. URL: https://www.wto.org/ english / res_e / booksp_e / tariff_profiles18_e.pdf.

2. Ibid. P. 8-12.

3. Ibid. P. 14-18.

4. The message of the Committee on customs duties at the State Council on the reduction of import duties on cars and their parts. 2018. (Chinese.) URL: http://gss.mof.gov.cn/ zhengwuxinxi / zhengcefabu / 201805 / t20180522_2903728.html.

5. Remarks by President Trump for China’s Economic Aggression. 03/22/2018. URL: https://www.whitehouse.gov/ briefings-statements / remarks-president-trump-signing-presidential-memorandum-targeting-chinas-economic-aggression /

6. Ibid.

7. Ong R. China's Security Interests in the 21st Century. London: Routledge, 2007. p. 43.

8. Leksyutina J. Torg here is inappropriate // Profile. 05/01/2018. URL: http://m.profile.ru/polika/ item/125565-torg-zdes-neumesten.

9. Section 301 Fact Sheet. URL: https://ustr.gov/ sites / default / files / USTR% 20301% 20Fact% 20Sheet.pdf.

10. Ibid.

11. CRS report `Enforcing U.S. Trade Laws: Section 301 and China `. February 24, 2019. URL: https://fas.org/ sgp / crs / row / IF10708.pdf.

12. Lomanov A. On the new protracted war // RIAC. 08/14/2018 URL: http://russiancouncil.ru/ analytics-and-comments / analytics / o-novoy-zatyazhnoy-voyne /

13. Trush S.M. D. Trump's trade war against China: events, motivations, internal context // Russia and America in the XXI century. 2018. Vol. 3. URL: https://rusus.jes.su/ s207054760000047–8–1.

14. White paper `Facts and China`s Position on China-US Trade Friction.` 24.09.2018. (In Chinese.) URL: http://www.scio.gov.cn/ zfbps / 32832 / Document / 1638292 / 1638292.htm.

15. For example, the Government`s Report on the Work of the Government in 2018, announced on March 5, 2019, cuts down China`s import duties on a portion of goods and reduces the average level of customs duties from 9.8 to 7.5%.

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