Whether or not China and the US are successful in negotiating out of a trade war and restoring the integrated global economy, there will still be strategic tensions between the nations.
THOMAS PETER / AAP
Yixiao Zhou, Curtin University dan Rod Tyers, The University of Western Australia
We modelled a number of scenarios showing all increases in US or Chinese trade protection would cause international trade, and the global economy more generally, to shrink.
Shipping containers are loaded onto a ship at the Port of Long Beach in California.
Reuters/Bob Riha Jr.
The Trump administration wants China to cut its trade deficit with the US by more than half. An economist explains why that’s not going to happen.
In this November 2017 photo, U.S. President Donald Trump, left, and Chinese President Xi Jinping prepare to shake their hands after a joint news conference at the Great Hall of the People in Beijing. The China-U.S. trade conflict is about far more than trade; it’s about American efforts to change how China deals with the world.
(AP Photo/Andy Wong)
Chinese exports to the US grew rapidly during the quarter, but it could be a very different picture next time around.
In this November 2017 photo, U.S. President Donald Trump talks to Chinese President Xi Jinping during a welcome ceremony at the Great Hall of the People in Beijing. The brewing China-U.S. trade conflict features two leaders who have expressed friendship but are equally determined to pursue their nation’s interests.
(AP Photo/Andy Wong)
“Honesty is the best policy” is hardly a hallmark of the Trump régime, so China would have been smart to pursue a more honest, less manipulative path in its simmering trade war with the U.S.
There were interesting developments in the tit-for-tat tariff announcements between the US and China this week.
Roman Pilipey/EPA/AAP
Chinese President Xi Jinping spoke of plans to further open up the Chinese economy this week - and the world economy should hope US president Trump feels vindicated by this.
US President Donald Trump’s vision of the global economy as a zero-sum game is at odds with Australia’s experience.
Shawn Thew/AAP
To really show its pro-trade colours, Australia’s government should stop flirting with Trump’s new anti-trade wave.
Australian beef producers will be much more competitive in exporting to China as their American competitors have to grapple with the 25% tariff on their beef.
Dan Peled/AAP
The $60 billion in tariffs targeting China not only risks sparking a trade war, they represent a rejection of the WTO’s much more effective way of dealing with unfair trade practices.
Many hi-tech companies manufacture their products in China for its cheap labour.
AAP Image/ Wan SC FeatureChina
China established a system of approving foreign investments on condition the businesses involved agreed to partner with local firms and transfer knowledge and skills to the local Chinese market.
Trade disputes are often as much about rhetoric as about reality.
Shawn Thew/EPA/AAP
Even though Australia sides with the US on more areas of policy, it should be careful about being dragged into the back-and-forth of sanctions between the US and China.
Business such as California winemakers could be hurt by the new tariffs as a result of retaliation.
AP Photo/Mark Schiefelbein
While the tariffs are unlikely to stem Chinese intellectual property theft or reverse the steep trade deficit, they are certain to hurt American companies and consumers.
Foreign goods wait to be unloaded at the Port of Los Angeles.
AP Photo/Nick Ut
A global trade war seems well underway as China and the US exchange targeted tariff attacks. An economist explains what they are, how they work and why they matter.
A welder fabricates a steel structure at an iron works facility in Ottawa on March 5, 2018. U.S.President Donald Trump’s stated intention to impose new tariffs on steel and aluminum imports could start a trade war.
THE CANADIAN PRESS/Sean Kilpatrick
Ottawa seems utterly unprepared for a trade war with the United States. The recent federal budget upholding equity values is noble, but won’t mean a thing if the government runs out of cash.