The US-China Trade War: Its Causes Competitions and Impacts
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Abstract
This research paper explores the preliminary causes, fierce competition and its impacts from the ongoing phenomenon of the US-China Trade War. This qualitative research employed document analysis and in-depth interviews with key informants both domestically and internationally, comprising executives and former senior executives, government officials in the Ministry of Foreign Affairs, various Think Tanks and stakeholders from trade, investment, export business, agriculture, and real estate sectors. The findings reveal that the argument on the trade war between the superpowers is not only reflecting the international economy and trade matter. In reality, the ongoing trade war is just a political symptom that exposes the imbalance of power the two superpowers challenged. It can be seen from Donald Trump's administration sets up a tariff wall and waging a trade war against China to maintain its status quo. Ambitious rising China with 'Made in China' developmental strategy, including the US’s claims on China's unfair trade practices and intellectual property theft, Trump's administration decided to set the tariff wall toward China to renegotiate the new trade deals. Undeniably, the trade war has widely impacted the global economy and ASEAN countries.
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References
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