China-US drugs trade will avoid trade war

2019 ◽  
Keyword(s):  
United States ◽  
Supply Chain ◽  
Bilateral Trade ◽  
The United States ◽  
Pharmaceutical Products ◽  
Content Type ◽  
Huge Impact ◽  
Trade War

Subject Trade in pharmaceuticals and narcotics between China and the United States. Significance The flow of drugs between China and the United States -- both legal and illegal -- has a huge impact on each society, especially those going from China to the United States. Leaders in both countries have consciously sought to separate the bilateral trade and trafficking of drugs from their trade war. Impacts Although US pharmaceuticals firms should avoid tariffs on their products, tariffs may affect other areas of their supply chain. Other producers of pharmaceutical products, such as India, could benefit from any active US effort to diversify sources. If China were successfully to curb fentanyl production, production would probably shift to another country with lighter regulation.

Washington will rethink its foreign chip strategy

2021 ◽  
Keyword(s):  
United States ◽  
Supply Chain ◽  
The United States ◽  
Export Controls ◽  
Political Pressure ◽  
Technical Standards ◽  
Content Type ◽  
The Us ◽  
Technology Competition ◽  
Business In China

Significance Follow-on action from Washington and responses from foreign actors will shape the US government’s adversarial policy towards China in semiconductors and other strategic technologies. Impacts The Biden administration will likely conclude that broad-based diversion of the semiconductor supply chain away from China is not feasible. The United States will rely on export controls and political pressure to prevent diffusion to China of cutting-edge chip technologies. The United States will focus on persuading foreign semiconductor leaders to help develop US capabilities, thereby staying ahead of China. Washington will focus on less direct approaches to strategic technology competition with China, notably technical standards-setting. Industry leaders in the semiconductor supply chain worldwide will continue expanding business in China in less politically sensitive areas.

scholarly journals Development of trade and economic cooperation between China and Russia in new geopolitical conditions

2019 ◽  
Vol 2 (51) ◽  
pp. 25-39
Author(s):  
A.V. Brizitskaya
Keyword(s):  
United States ◽  
Bilateral Trade ◽  
The United States ◽  
Agricultural Products ◽  
Political Life ◽  
Trade Relations ◽  
Cross Border ◽  
Modern Period ◽  
The World ◽  
Trade War

The article analyzes the trade relations between Russia and China in the modern period characterized by changes in the situation on the world stage and in the domestic political life of countries. The dynamics and commodity structure of bilateral trade of Russia and China have been studied, the Index of trade com-plementarity has been calculated, which showed that Chinese exports are more complementary to the structure of Russian imports than vice versa. Emphasis is placed on traditional trade in goods, excluding services and cross-border e-Commerce. The paper identifies two main directions which the development of Russian exports to China can take in the conditions of the "trade war" of China and the United States. The short-sighted policy of increasing only fuel and energy exports is justified. The reasons hindering the development of non-resource exports of Russia, primarily agricultural products and food, to China have been identified.

Nicaragua election criticism will not shake Ortega

2021 ◽  
Keyword(s):  
United States ◽  
Foreign Investment ◽  
Bilateral Trade ◽  
The United States ◽  
Economic Hardship ◽  
Political Repression ◽  
Content Type ◽  
Run Up ◽  
Increased Pressure

Significance The outcome comes as little surprise, given the repressive tactics used by the Ortega administration in the run-up to the vote, which included the disqualification or imprisonment of numerous opposition candidates. The United States and other international actors are now poised to put increased pressure on the re-elected government. Impacts The prospect of extended sanctions will act as a further disincentive to foreign investment. Ortega’s efforts to boost regional support through increased alignment with Honduras may lead to greater bilateral trade. More undocumented Nicaraguan migration looks inevitable, whether due to continuing political repression or worsening economic hardship.

Winter Olympic boycott increases corporate pressures

2021 ◽  
Keyword(s):  
United States ◽  
Human Rights ◽  
Supply Chain ◽  
The United States ◽  
Content Type ◽  
Winter Olympics ◽  
The Us ◽  
Olympic Boycott

Significance The US-led diplomatic boycott of the Winter Olympics in February will increase the pressure on US companies to decide whether China or the United States is their more valuable market. Some of that pressure to decide is coming from employees and customers in both countries. Impacts More frequent and sharper confrontations between US companies and China could accelerate the decoupling of the two economies. Renewed emphasis on human rights concerns will encourage the further shifting of some supply chain elements out of China. Consumer brands are particularly vulnerable to human rights concerns, as are their suppliers.

US firms will feel pressure in China, trade war or not

2018 ◽  
Keyword(s):  
United States ◽  
Integrated Circuits ◽  
The United States ◽  
Xi Jinping ◽  
Donald Trump ◽  
Trade Surplus ◽  
Content Type ◽  
China Trade ◽  
Trade War ◽  
Trump Administration

Subject China's options for retaliating against US firms during trade tensions. Significance US President Donald Trump tweeted yesterday that he is working with China's President Xi Jinping to get China's telecoms giant, ZTE, "back in business, fast" -- even though it was penal US sanctions that forced the company to announce last week that it was stopping operations. The Trump administration is divided on whether its objective in threatening imports tariffs on Chinese goods worth 50 billion dollars, effective May 22, is to strike a deal to cut China's trade surplus with the United States or to change China's industrial practices. Impacts Compliance costs will rise even if trade tensions subside. Investors in industries that China sees as strategic (eg, semiconductors and integrated circuits) may face unwritten screening rules. Investors in automobile, aircraft and shipping manufacturing and finance may find new opportunities to enter the market.

Bloomberg story to fuel suspicion of China's hardware

2018 ◽  
Keyword(s):  
United States ◽  
Supply Chain ◽  
The United States ◽  
Reporting Standards ◽  
Content Type ◽  
The Us ◽  
Us Government ◽  
Global Norms ◽  
Libel Suits

Subject Bloomberg report on Chinese supply chain attack. Significance Amazon and Supermicro on October 24 joined Apple in calling on Bloomberg Businessweek to retract its October 4 story about an alleged Chinese supply chain attack on 30 US companies, including Apple and Amazon. Based on evidence provided by 17 anonymous sources from the affected companies and the US government, the story alleged that Chinese agents planted malicious chips in server motherboards manufactured by Supermicro, a major hardware supplier in the United States and globally. Thus far, no one has been able to corroborate Bloomberg's claim, and Bloomberg has provided no further verification itself. Impacts Bloomberg will face pressure to review its reporting standards if it fails to deliver credible evidence for the story. The controversy could end in costly libel suits against Bloomberg if it fails to retract or verify its report. There are no global norms on cyber or supply chain attacks; no agreement is forthcoming.

Kim health rumours highlight underrated risk factor

2020 ◽  
Keyword(s):  
United States ◽  
Risk Factor ◽  
Heart Surgery ◽  
Bilateral Trade ◽  
Political Stability ◽  
The United States ◽  
Content Type ◽  
News Reports ◽  
Supreme Leader ◽  
Nuclear Tests

Subject The threat to North Korea's political stability were supreme leader Kim Jong-un to die. Significance Seoul and Beijing both insist all is normal in North Korea, contrary to unattributed news reports -- which the United States and others are monitoring -- that supreme leader Kim Jong-un is gravely ill after heart surgery. Last seen on April 11, Kim missed a key anniversary on April 15. Impacts March was a record month for missile tests, but all were small; intercontinental ballistic missile or nuclear tests are too risky for now. A COVID-19 epidemic would dent lingering hopes of life improving under Kim. New prestige projects with tight deadlines will impose additional hardship. Despite sharply reduced bilateral trade, China will use back channels to ward off risk of regime collapse.

US investment rules will tighten for some countries

2019 ◽  
Keyword(s):  
United States ◽  
Bilateral Trade ◽  
The United States ◽  
Business Partnerships ◽  
Market Uncertainty ◽  
Content Type ◽  
Chinese Firm ◽  
China Trade ◽  
Bilateral Trade Balance ◽  
Trade Frictions

Significance US-China trade frictions, centring chiefly on disagreements over technology, intellectual property and the bilateral trade balance, are causing international market uncertainty. One US response to concerns about trading with China has been to expand the remit of the Committee on Foreign Investment in the United States (CFIUS), which evaluates investments into the United States from abroad. Impacts CFIUS expansion has bipartisan support and will continue regardless of the winner of the 2020 presidential election. The CFIUS intervened when a Chinese firm bought a US dating app, perhaps a precedent for seemingly non-security related investments. The CFIUS does not cover non-acquiring business partnerships or joint ventures, but general political pressure could curtail these.

The US–China Trade War: Impact on India and Other Asian Regions

2021 ◽  
Vol 3 (2) ◽  
pp. 144-168
Author(s):  
Rajesh Chadha ◽  
Sanjib Pohit ◽  
Devender Pratap
Keyword(s):  
United States ◽  
Bilateral Trade ◽  
The United States ◽  
Transport Sector ◽  
Jel Codes ◽  
Policy Responses ◽  
China Trade ◽  
The Us ◽  
Trade War ◽  
The Impact

The growing protectionism globally and the outbreak of a major US–China trade war led Indian exports facing higher tariffs. This article has tried to investigate how India should react to the trade tensions between the two largest economies of the world. This will help policymakers in India to assess the impact of the likely developments and choose between different policy responses. In a bilateral US–China trade war, while both the United States and China stand to lose in terms of GDP, exports and imports, India stands to gain. India stands to lose when the US–China trade war applies also to India, which faces higher tariffs from both. India’s losses increase further when India responds by increasing its tariffs on imports from the United States and China. In fact, reducing own tariffs could be a wiser step. Enhancing productivity measures by raising port efficiency and making trade and transport sector more efficient appear to pay dividend. India gains even more from joining the RCEP-like trading block when the United States and China are indulging in bilateral trade war. Last but not least, US–China trade war seems to affect Asian countries, some positively some negatively. JEL Codes: F13, C68, F14

The Day After Tomorrow: Evaluating the Burden of Trump's Trade War

2018 ◽  
Vol 17 (1) ◽  
pp. 101-120 ◽  
Author(s):  
Meixin Guo ◽  
Lin Lu ◽  
Liugang Sheng ◽  
Miaojie Yu
Keyword(s):  
United States ◽  
Trade Balance ◽  
Bilateral Trade ◽  
Trade Deficit ◽  
The United States ◽  
Real Wages ◽  
Unilateral Action ◽  
China Trade ◽  
Welfare Losses ◽  
Trade War

During his U.S. presidential campaign Donald Trump threatened China with the imposition of high import tariffs on its exports to the United States. To evaluate the repercussions of such an action, this paper uses Eaton and Kortum's 2002 multi-sector, multi-country general equilibrium model with intersectional linkages to forecast how exports, imports, output, and real wages would change if Trump's threat of 45 percent tariffs is carried out. To view plausible scenarios, we evaluate the case of a unilateral action on the part of the United States, as well as a scenario where China retaliates by imposing an equally high 45 percent tariff on its imports from the United States. In addition, because the high U.S. trade deficit with China is a factor that underpins calls for tariff action, we explore simulations where the trade balance is restored to balance as well as a scenario in which the trade balance is unchanged. In all of the scenarios, the calibration exercise suggests that a trade war triggered by high U.S. import tariffs will lead to a collapse in U.S.–China bilateral trade. In all of the scenarios, the United States will experience large social welfare losses, whereas China may lose or gain slightly depending on the effect of trade war on the U.S.–China trade balance. Globally, some small open economies may experience small benefits, while other countries may suffer collateral damage.

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