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- W2883956290 abstract "As China is strongly resisting the Trump administration`s unprecedented retaliatory trade policy toward China, the trade conflict between the two countries goes beyond the level of trade conflict and deteriorated into a `trade war`. Why has the Trump administration initiated a trade war by imposing a large tariff on China? Why has China strongly resisted against the pressure and demand of the U.S., not like Japan did in the past? To what extent does the trade war between the U.S. and China develop and ultimately turn into a protectionist international trade order? The study results showed that the US-China trade disputes resulted from both the United States` protective trade policy and China`s strong retaliatory measures toward each other were more than just aimed at creating a favorable trade balance. It was confirmed that the trade war between the U.S. and China showed signs of economic power competition, technological competition and production competition as part of the hegemony competition. In other words, the trade war between the U.S. and China is a competition to secure superior economic power, which is the condition of the hegemonic power, as the hegemonic stabilization approach argued. The declining U.S. has pushed for a mercantilist trade policy to protect its industries and increase exports in order to regain its dominant economic power, on the other side, China has to secure control over capital, market and technology in order to emerge as a hegemonic power." @default.
- W2883956290 created "2018-08-03" @default.
- W2883956290 creator A5019890550 @default.
- W2883956290 date "2018-06-30" @default.
- W2883956290 modified "2023-09-26" @default.
- W2883956290 title "US-China Trade War: An Anlysis of Hegemonic Stability Approach" @default.
- W2883956290 doi "https://doi.org/10.15235/jir.2018.06.21.1.57" @default.
- W2883956290 hasPublicationYear "2018" @default.
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