 US-CHINA TRADE WAR AND ITS POTENTIAL CONSEQUENCESRevista de Economie Mondiala / The Journal of Global Economics, 2019, vol. 11, issue 1, 1-35 Abstract: This paper sketches the recent evolution of the US-China economic relations from multi dimensional co-dependency to disengagement, following the disruptive, lose-lose path of trade war and FDI screening. Through threats, large-scale tariff increases and various non-tariff measures, the clash of the two world economy giants has unrolled all along 2018, especially in its second part. The paper places the trade tensions between the two actors into the context of international production,with its global value chains and networks, highlighting the inadequacy of the policies adopted and their expected negative results. The most likely consequences of the trade war for the economies,companies and people in the US, China, the EU and South-East Asia are looked at, and the risks and opportunities for each are unveiled. The conclusions substantiate the assertion that trade wars have no winners and identify their real rationale: the scramble for economic and technological supremacy. Keywords: US; China; trade war; economic and technological domination (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:iem:journl:v:11:y:2019:i:1:p:1-35 Access Statistics for this article Revista de Economie Mondiala / The Journal of Global Economics is currently edited by Simona Moagar Poladian, PhD More articles in Revista de Economie Mondiala / The Journal of Global Economics from Institute for World Economy, Romanian Academy Contact information at EDIRC. |
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