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Why is China playing hardball in trade war talks with the US?
This report in The South China Morning Post in Hong Kong, gives insights into the Chinese position in trade war with the U.S.
China has its own internal groups which support China being able to take a leadership role in world affairs. Xi Jinping made giving China a prominent role in the world a feature of his presidency. China has this internal audience and its own sense that China's resurgence was won with hard work and cooperation, plus dedication of the Chinese people.
In the past Japan and South Korea also used state subsidized industries, and subsidies to gain leadership in key business sectors involving high technology. China would see this state subsidies model as its own model of development. From this standpoint the U.S. demands on subsidies as unfair competition could be seen as changing a key part of its economic model. Asking China to put everything in writing and show tangible proof of enforcement as the U.S. insisted in talks, was too much for the Chinese side. China said trust us to do this, and lift the tariffs based on our verbal assurances. The U.S. having seen decades of no progress on this point, wanted tangible proof before tariffs were lifted. Added to the demands on subsidies were the demands for no more of what the U.S. calls stealing of U.S. technology through forced transfer of technology by U.S. firms as a condition to operate in Chinese markets. With the U.S. lagging in 5G technology and Huawei ahead the issue resonates on the U.S. side. Add to this Mr. Trump's key voter base includes the former Democratic party supporting workers who have shifted to him because of trade agreements and policies of Clinton and Obama that hurt American workers through seemingly endless closure of manufacturing plants from Chinese competition.
Trans-Pacific Partnership Trade Agreement- winners and losers
04/07/2011
A study by Prof. Petri of Brandeis University, shows economic output going up by 0.4% by 2025 or $77 billion for the U.S. as a result of the TPP agreement. Biologic drugs, with long term patent protection, software engineering services, high tech industry are the winners, losers are the Detroit auto industry facing higher imports, light manufacturing in textiles and paper, and some heavy manufacturing sectors. Douglas Irwin of Datmouth and other experts say it is not clear how much of the benefit will affect consumers and businesses in the U.S. Most of the tariff cut gains are already made and import duties as a percentage of total imports are down to 1.4% today. Experts say 4/5th of the benefits for the U.S. are not from tariff cuts but from new rules for trade in services, and new rules for investment and commerce. The agreement brings together Pacific area countries, including Canada, Australia, New Zealand, Chile, and Japan, Malaysia, Singapore and Vietnam. Agriculture is protected in Canada especially in Quebec, and in Japan, which means tough negotiations to open up this sector. Politically the TPP is a response by the U.S. and Japan to the Infrastructure Investment Bank set up by China with support from Europe and India.
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Pacific Trade Deal Likely to Have Narrow Reach
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Why You May Soon See More Goods Labeled ‘Made in Vietnam’
Wall Street Journal 10/19/2015
Utah Senator, Crucial Ally for the Pacific Rim Trade Deal, Is Now Its Main Hurdle
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McConnell warns that trade deal can’t pass Congress before 2016 elections - The Washington Post
Washington Post 12/11/2015
Trans-Pacific Trade Pact Would Lift U.S. Incomes, but Not Jobs Overall, Study Says
New York Times 01/25/2016
2012 U.S. presidential candidate Mitt Romney's position on trade with China and the misalignment of its currency
09/25/2010
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Wall Street Journal 10/04/2011
US-China trade relations: Speak less softly, carry a stick
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Romney: China must respect the free-trade system - The Washington Post
Washington Post 10/14/2011
New York Times 10/15/2011
Play of the Week: The Business of America Is....;Job Cuts?
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Robert Lighthizer, U.S. Trade Representative in 2018 and the effort to correct the trading relationship with China
04/07/2018
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The Architect of Trump’s Threatened China Trade War
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U.S.-China Trade Talks End With Strong Demands, but Few Signs of a Deal
05/04/2018
China seeks tips from Japan for handling top US trade haggler
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China has ‘nuclear options’ in trade war with US ... really?
South China Morning Post 05/25/2018
U.S., China Dig In for Long Trade Fight as Tariffs Take Effect
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Currency issues and U.S.-China trade.
01/23/2009
Trade between the USA and China and currency issues. Obama administration's efforts to address currency issues and fair trade issues with other countries.
Grouped Articles
Wall Street Journal 10/04/2011
Europeâs Debt Crisis Is Casting a Shadow Over China
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An Accord (and Lessons) to Remember
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US-China trade relations: Speak less softly, carry a stick
Economist 09/25/2010
Obama Promotes Benefits of Trade Deals to Workers and Smaller Businesses
New York Times 02/26/2015
American public opinion on China, jobs and U.S.-China trade.
09/25/2010
Grouped Articles
US-China trade relations: Speak less softly, carry a stick
Economist 09/25/2010
Wall Street Journal 10/02/2010
China Pumps Up the Volume Against Japan
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Xi Gives America Inc. a Reality Check
Wall Street Journal 09/22/2015
After Michigan Loss, Hillary Clinton Sharpens Message on Jobs and Trade
New York Times 03/09/2016
Campaign Season’s Anti-China Tone Is Likely to Cloud Meeting With Obama
New York Times 03/30/2016
China U.S. trade war in 2018 with $50 billion in tariffs and escalation
06/19/2018
Grouped Articles
China Warns of Corporate Casualties as Trade War Brews
WSJ 06/15/2018
China frees up more money as trade war takes shape | DW | 25.06.2018
DW.COM 06/25/2018
China cranks up the propaganda machine for trade war with US
The Times 07/05/2018
U.S., China Dig In for Long Trade Fight as Tariffs Take Effect
WSJ 07/06/2018
China’s Trade Surplus With U.S. Hits Record as Fight Intensifies
WSJ 07/13/2018
Is China losing the trade war against America?
The Economist 08/10/2018
Robert Lighthizer and other experts call for trade and globalization practices that work for the U.S.
01/06/2010
The failure of the establishment of both parties in the USA to take action in the face of the loss of 5.6 million jobs in the last decade, with $4.3 trillion in trade imbalances. An issue which resonates with voters in the US and could lead to a fundamental realignent of American attitudes to globalization and free trade. The feeling that the free-trade deck is stacked against the USA by Asian countries. China's efforts to keep the yuan dollar exchange rate at levels that favor exports. China's accumulation of over $3 trillion in dollar reserves that are parked mostly in Treasury's that keep U.S. interests low. Distortons in the global economy from the failure to rebalance the world economy hurts China and the U.S.
Grouped Articles
Wall Street Journal 10/04/2011
US-China trade relations: Speak less softly, carry a stick
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New York Times 09/30/2010
Wall Street Journal 10/02/2010
The Engine That Pulled Us Out of Recession
Wall Street Journal 03/19/2015
What’s Our Duty to the People Globalization Leaves Behind?
New York Times 01/26/2016
U.S. president Trump and trade relations with China
12/12/2016
Grouped Articles
Trump Suggests Using Bedrock China Policy as Bargaining Chip
The New York Times 12/11/2016
How Donald Trump May Actually Widen the U.S. Trade Deficit
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Donald Trump Chooses Exxon Mobil CEO Rex Tillerson as Secretary of State
WSJ 12/13/2016
Taiwan Is Both Exhilarated and Unnerved by Trump’s China Remarks
The New York Times 12/15/2016
Aging Population, Stagnant Productivity Challenge Donald Trump’s Growth Plan
WSJ 12/04/2016
Germany's Merkel to warn Trump about dangers of protectionism | News | DW.COM | 14.01.2017
DW.COM 01/14/2017
U.S. trade with China in 2000-2011 and the impact on cities and counties in the U.S.
09/25/2010
Three American researchers have completed a study on the impact of U.S. trade in the decade 2000-2011 with China, a period of exceptionally high growth of about 12% in China and a surge in imports into the U.S. The study shows counties in the 75th percentile in import levels experienced a surge in unemployment and government payments to support the unemployed. Nobel Prize winner Michael Spence points out this was an exceptional period and no theory in textbooks can account for the changes taking place because the growth rate in China was unprecedented.
Grouped Articles
Tallying the Toll of U.S.-China Trade
Wall Street Journal 09/27/2011
US-China trade relations: Speak less softly, carry a stick
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Wall Street Journal 10/02/2010
In Tepid Wage Growth, a Potent Sign of a Still-Fragile Economy
New York Times 05/05/2014
U.S. Trade Gap Widens on Surging Imports
Wall Street Journal 05/06/2015
Campaign Season’s Anti-China Tone Is Likely to Cloud Meeting With Obama
New York Times 03/30/2016
U.S. and China- Trade Wars.
12/30/2009
American action against products from China that are dumped on the U.S. market. The unervalued Chinese currency and subsidized exports.
Grouped Articles
Wall Street Journal 10/04/2011
Economist 03/31/2010
Europeâs Debt Crisis Is Casting a Shadow Over China
New York Times 05/17/2010
How China Lost Its Mojo: One Town's Story
Wall Street Journal 09/16/2013
An Accord (and Lessons) to Remember
Wall Street Journal 09/21/2010
US-China trade relations: Speak less softly, carry a stick
Economist 09/25/2010
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