U.S.-China trade relations in an era of great power competition.
The tech war is having an effect on U.S.-China trade. For high-tech products like telecommunications equipment, semiconductors, and computer accessories, there has been a sharp drop in trade in both directions. This is not simply a drop in demand in the U.S. for these items because imports of them f...
| Published in: | China Economic Journal Vol. 15; no. 3; pp. 277 - 290 |
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| Format: | Article |
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Taylor & Francis Ltd
Oct2022
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| Online Access: | View this record in EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=159375220&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 159375220 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 17538963 5EVV jtl: China Economic Journal issn: 17538963 maglogo: N pubinfo: dt: Oct2022 vid: 15 iid: 3 pid: 377 pub: Taylor & Francis Ltd artinfo: ui: 159375220 10.1080/17538963.2022.2117185 ppf: 277 ppct: 13 formats: tig: atl: U.S.-China trade relations in an era of great power competition. aug: au: Dollar, David affil: China Center, Brookings Institution, Washington, DC, USA su: China Vietnam Great powers (International relations) China-United States relations Telecommunication equipment Developed countries Computer peripherals sug: subj: China Vietnam Computer Terminal and Other Computer Peripheral Equipment Manufacturing Computer and Office Machine Repair and Maintenance Computer and software stores Computer and peripheral equipment manufacturing Computer, computer peripheral and pre-packaged software merchant wholesalers Computer and Computer Peripheral Equipment and Software Merchant Wholesalers Other Electronic Parts and Equipment Merchant Wholesalers Electrical Contractors and Other Wiring Installation Contractors Other telecommunications Telecommunications Resellers All Other Telecommunications Communication Equipment Repair and Maintenance Other Communications Equipment Manufacturing Great powers (International relations) China-United States relations Telecommunication equipment Developed countries Computer peripherals keyword: international relations technology competition U.S.-China trade international relations technology competition U.S.-China trade ab: The tech war is having an effect on U.S.-China trade. For high-tech products like telecommunications equipment, semiconductors, and computer accessories, there has been a sharp drop in trade in both directions. This is not simply a drop in demand in the U.S. for these items because imports of them from other partners has soared. Vietnam's exports to the U.S. jumped in the sensitive categories, and overall Vietnamese exports to the U.S. more than doubled between 2018 and 2021. Despite these effects from the tech war, however, overall U.S.-China trade has held up surprisingly well. The year 2022 will almost certainly see a new historical high for trade in both directions. This resilience of trade, in the face of tariffs and tech sanctions, indicates that there is a strong economic foundation for the two-way relationship. For both China and the U.S., it is hard to replace the other one as a trade partner. It is possible for production of a few specific items to shift from China to Vietnam, but there is no way to replace China's huge manufacturing output. From China's point of view, the technologically advanced countries are all allies of the U.S., and it is not easy for China to turn to Europe for the technology it cannot get from America. Because U.S.-China trade is based on strong fundamentals, it will probably continue at a high level, in an uneasy equilibrium in which certain trade and investment is off-limits, while other business goes on. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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