Summary of Sino–U.S. Trade Conflicts Require Resolute Actions from Beijing

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Sino–U.S. Trade Conflicts Require Resolute Actions from Beijing summary
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With US president Donald Trump’s trade policy toward China becoming increasingly adversarial, a trade war between the world’s two largest economies is becoming a real possibility. An editorial published on China’s English-language news portal Caixin Global lays out a Chinese take on the Sino-US trade relationship. It also gives recommendations on how Beijing can avoid an economic tit-for-tat that, it says, will benefit no one. getAbstract recommends the concise opinion piece to everybody interested in considering the current trade confrontation from a Chinese perspective.

In this summary, you will learn

  • How the Trump administration has taken an increasingly adversarial stance toward China on the economic front and
  • What China can do to counteract US protectionism.
 

About the Author

Caixin Global is a Chinese news portal specializing in business and finance.

 

Summary

Trade tensions between the United States and China are running high. Since US president Donald Trump came to power in 2017, he has repeatedly threatened to act against America’s large and growing trade deficit with China. Furthermore, the Trump administration has considered restricting the import of Chinese steel and aluminum. The administration’s first national security strategy report has painted China’s worldwide economic activities as a threat to US interests, economy and values. The Trump administration has also been investigating alleged Chinese practices of subsidizing production and selling goods at below market price. The US may soon be taking retaliatory trade action on China for alleged intellectual property theft.

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