US-China trade war

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Concept.png US-China trade war Rdf-icon.png
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Since 22 January 2018, the United States and China have been engaged in a trade war involving the mutual placement of tariffs. US President Donald Trump had declared in his campaign to fix China's "longtime abuse of the broken international system and unfair practices".

On 14 May 2019, at the opening ceremony of the Conference on Dialogue of Asian Civilisations in Beijing, President Xi Jinping denounced as "foolish" foreign efforts to reshape other nations as he pushed back against US trade demands:

"To think that one's own race and civilisation are superior to others, and to insist on transforming or even replacing other civilisations, is foolish in understanding and disastrous in practice."[1]

Background

The economic disputes occurred before China's entry to the World Trade Organization but former Presidents George H. W. Bush, Bill Clinton, George W. Bush, and Barack Obama all failed to solve the problems. In April 2018, the United States filed a request for consultation to the World Trade Organization in regard to concerns that China was violating intellectual property rights.[2]

In adding various tariffs, the US administration is relying partly on Section 301 of the Trade Act of 1974 to prevent what it calls unfair trade practices and theft of intellectual property.[3] This gives the president the authority to unilaterally impose fines or other penalties on a trading partner if it is deemed to be unfairly harming US business interests, especially if it violated international trade agreements.[4]

The result is that the US claims Chinese laws undermine intellectual property rights by forcing foreign companies to engage in joint ventures with Chinese companies, which then gives the Chinese companies access and permission to use, improve, copy or steal their technologies.[5][6][7]

Made in China 2025

Trump also sees the technical industrial plan of Made in China 2025 as a threat to US economy and national security, therefore imposed tariff on goods that are included in the plan,[8] and also urged China to stop the whole program.[9] However, China argues it has strengthened intellectual property right (IPR) protections and that the US has ignored the effort; that the US has ignored WTO rules and ignored the calls of its own industries to reduce tariffs. China firmly opposes these US trade practices, believing they represent unilateralism and protectionism.[10]

 

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References

  1. "'Foolish and disastrous': China's Xi calls out US' belief that it's superior and can transform other nations"
  2. "U.S. files complaint over China's patent policies". Chemical & Engineering News. Retrieved 2018-11-01.Page Module:Citation/CS1/styles.css must have content model "Sanitized CSS" for TemplateStyles (current model is "plain text").
  3. "These Are the 128 U.S. Products China Is Enacting Tariffs On". Fortune. Retrieved May 28, 2018.Page Module:Citation/CS1/styles.css must have content model "Sanitized CSS" for TemplateStyles (current model is "plain text").
  4. "Intellectual property theft, not metal, is the real trade war in US sights and it's a much bigger worry", ABC, March 9, 2018
  5. McLaughlin, David; Strohm, Chris Strohm (November 1, 2018). "China State-Owned Company Charged With Micron Secrets Theft". Bloomberg News. Retrieved December 5, 2018.Page Module:Citation/CS1/styles.css must have content model "Sanitized CSS" for TemplateStyles (current model is "plain text").
  6. Ciaccia, Chris (2018-11-29). "China is using 'economic espionage' and 'theft' to grab US technology". Fox News. Retrieved 2018-12-05.Page Module:Citation/CS1/styles.css must have content model "Sanitized CSS" for TemplateStyles (current model is "plain text").
  7. "China's Innovation Wall". Foreign Affairs.Page Module:Citation/CS1/styles.css must have content model "Sanitized CSS" for TemplateStyles (current model is "plain text").
  8. "President Donald J. Trump is Confronting China's Unfair Trade Policies". White House. May 29, 2018. Retrieved 2019-05-15.Page Module:Citation/CS1/styles.css must have content model "Sanitized CSS" for TemplateStyles (current model is "plain text").
  9. "U.S.-China Trade Talks End With Strong Demands, but Few Signs of a Deal".Page Module:Citation/CS1/styles.css must have content model "Sanitized CSS" for TemplateStyles (current model is "plain text").
  10. "中国驻美大使馆:若美国执意打贸易战 中国将奉陪到底". finance.ifeng.com (in 中文). Retrieved 2019-02-19.Page Module:Citation/CS1/styles.css must have content model "Sanitized CSS" for TemplateStyles (current model is "plain text").
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