55 china with its rapid rise and geopolitical

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55 China, with its rapid rise and geopolitical ambitions that run counter to US interests, is certainly no Japan. Japan invested in almost the whole manufacturing industry and exported products to the US, making it easy for Washington to hit the economy with tariffs and exchange action. China exports a lot of goods to the US which are dominated by foreign, even US companies. By this rationale, Washing- ton would not see the expected results by imposing tariffs on China. Instead, the tariff move would hurt the well - being of its own people. Trump is no Reagan. The chances of his achieving another economic coup like the Plaza Accord are low. The last of the ongoing trade war between USA and 55. “ What 1985 Tells Us About a US - China Trade War, Livemint, April 18, 2018, available at : L703XdTqrCM2 G2fApht ndL/What - 1985 - tells - us - about - a - US - China - trade - war.html
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US - CHINA Trade War: Analyses of Deeper Nuances and Wider Implications 45 China has not been seen. The whole world is watching carefully. As the Chinese say, May we live in interesting times ”. References : 1. Oxford Economics, Understanding the US - China Trade Relationship ”, prepared for the US - China Business Council, January 2017, available at: sites/default/files/ Oxfordpercent20Economicspercent20USpercent20Jobsper- cent20andpercent20Chinapercent20Tradepercent20Report.pdf 2. Guntram B. Wolff, How Should the EU Position Itself in a Global Trade War? April 5, 2018, available at: - should - the - eu - position - itself - in - a - global - trade - war/ 3. Simon Denyer, Facing Trade War with US, China s Xi Renews Vow to Open Mar- kets, Import More ”, April 10,2018, available at: chinas - president - pledges - to - reduce - investment - restrictions - tariffs - on - auto - industry/2018/04/09/e30 12ffa - 3c39 - 11e8 - 955b - 7d2e19b79966_story.html? utm_term=.7ef1aab26d45 4. Nan Li, China's Defense Budget: What Everyone Is Missing ”, April 24, 2018, availa- ble at: - defense - budget - what - everyone - missing - 25540?page=show 5. Alan Tonelson, All of the Reasons Why Trump Can Win a Trade War with China ”, March 27, 2018, available at: - the - reasons - why - trump - can - win - trade - war - china - 25094 6. Steven Lee Myers, Why China is Confident it Can Beat Trump in a Trade War ”, April 5, 2018, available at: .com /2018/ 04/05 /world/asia/china - trade - war - trump - tariffs.html 7. Philippe Legrain, Why China Will Win the Trade War ”, April 13, 2018, available at: - china - will - win - the - trade - war/ 8. Cathleen D. Cimino - Isaacs, US Trade Policy Primer: Frequently Asked Questions ”, April 2, 2018, available at: https:// fas.org /sgp /crs /row /R4 5148.pdf 9. Keith Bradsherapril, China Loosens Foreign Auto Rules, in Potential Peace Offering to Trump ”, April 17, 2018, available at: china - auto - electric - cars - joint - venture.html?emc=edit_mbae_20180417&nl=&nlid= 75754170201 804 17&te=1 10. Barry Eichengreen, Can a Trade War be Averted? April 10, 2018, available at:
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