The Redefinition of Foreign Policy of the United States since Trump’s Election: The Case of Trade War with China

Authors

  • Paweł Jaskuła University of Business and Economics in Poznań, Faculty of International Business and Economics, Department of International Economics

DOI:

https://doi.org/10.18778/1641-4233.23.11

Keywords:

Trade War, China, USA, Trump, Florida, Louisiana, Kentucky, Foreign Policy, Global Economy

Abstract

The main aim of this text is to present economic relations between China and the US today. The election of Donald Trump in 2016, significantly redefined American trade policy toward China. Despite the first months of his presidency, which promised an efficient, long-term cooperation between Beijing and Washington, incumbent president decided to implement severe restriction on the trade with China at the beginning of 2018. However, the announced imposition of tariffs on almost all goods coming from this country could interfere with the growth of the single states and the economy of the whole country in the future. Therefore the text is aimed to investigate the  ependency of selected states on the inflows of Chinese investments since 2010. Finally, it is necessary to examine the phenomenon of the trade war, which has begun in July 2018, and assess its impact on the growth of both countries.

Downloads

Download data is not yet available.

Author Biography

Paweł Jaskuła, University of Business and Economics in Poznań, Faculty of International Business and Economics, Department of International Economics

Paweł Jaskuła - PhD candidate at the University of Business and Economics in Poznań, completed Master Degree at the University of Business and Economics in Poznań and his undergraduate studies at the University of Adam Mickiewicz in Poznań. He started his doctoral studies in 2016. He is a member of the Department of International Economy on the Faculty of International Business and Economics. His research interest lie in the area of specifics of growth of developing countries, theories of economic growth, innovative enterprises within BRIC countries and the economic cooperation between developed and developing countries.

References

4 reasons why Florida is the next big thing for Chinese buyers. “Juwai”, 22 February 2017, https://list.juwai.com/news/2017/02/4-reasons-why-florida-is-the-next-big-thing-for-chinese-buyers


Google Scholar

Blyth, M. Global Trumpism. “Foreign Affairs”. Web. 15 Nov. 2016, https://www.foreignaffairs.com/articles/2016–11–15/global-trumpism
Google Scholar

Bouoiyour, J., Selmi, R. Political elections and uncertainty – Are BRICS market equally exposed to Trump’s agenda? “Journal of Economic Integration”, no. 33(2), 1203~1233, (Jun. 2018), p. 22.
Google Scholar

Brelsdorf, R. Yuhuang Chemical lets a contract for Louisiana methanol complex. “Oil&Gas Journal”. Web. 2 Jun. 2017, http://www.ogj.com/articles/2017/02/yuhuang-chemical-lets-contract-for-louisiana-methanol-complex.html
Google Scholar

Bulloch, D. A Progress Report of China’s Third Plenum Reform. “CKGSB Knowledge”. Web. 15 March 2016, http://knowledge.ckgsb.edu.cn/2016/03/15/chinese-economy/a-progress-report-of-chinas-third-plenum-reforms
Google Scholar

Bulloch, D. On Liberal Reform, China Is At a Crossroad. “Forbes“. Web. 23 June 2017, https://www.forbes.com/sites/douglasbulloch/2017/06/23/if-china-turns-its-back-on-liberal-reforms-what-does-the-future-hold/#4ea83a741211
Google Scholar

Chan, B. A US-China trade war would benefit no one, least of all Americans. “South China Morning Post”. Web. 12 October 2017, http://www.scmp.com/comment/insight-opinion/article/2114860/us-china-trade-war-would-benefit-no-one-least-all-americans
Google Scholar

Charting China’s Economy: 10 Years Under Hu. “Wall Street Journal”, 16 November 2012, https://blogs.wsj.com/chinarealtime/2012/11/16/charting-chinas-economy-10-years-under-hu-jintao/
Google Scholar

Chipman Koty, A., Qian, Z. China’s New FTZ Negative List Removes Restrictions on Foreign Investment. “China-Briefing”. Web. 28 June 2017, http://www.china-briefing.com/news/2017/06/28/china-removes-27-restrictions-on-foreign-investment-in-new-ftz-negative-list.html
Google Scholar

Cohen, E.A. Trump’s Lucky Year. “Foreign Affairs”. Web. 20 January 2018, https://www.foreignaffairs.com/articles/2018–01–20/trumps-lucky-year?cid=nlc-emc-fa_paywall_free_eliotcohen_ma2018_subscribers-20180120
Google Scholar

Daojiong, Z. New Dynamics in Asia Pacific Regional Trade Policies: A View from China, [in:] The Trump Era And Trade Architecture In The Asia Pacific, eds. Chia-yi Lee, Su-Hyun’a Lee. Singapore: Nanyang Technological University, 2017, pp. 12–13.
Google Scholar

deLisle, J. Red State China? Why China (Sort of) Likes Trump. “Foreign Policy Research Institute”. Web. 29 June 2016, https://www.fpri.org/article/2016/07/red-state-china-china-sort-likes-trump/
Google Scholar

Diamond, J. Trump ‘can’t continue to allow Chine to rape our country. “CNN Politics”. Web. 2 May 2016, http://edition.cnn.com/2016/05/01/politics/donald-trump-china-rape/index.html
Google Scholar

Donald Trump imposes first tariffs on China and threatens to target almost all $500 billion Chinese import. “The Telegraph Business”, 6 July 2018, https://www.telegraph.co.uk/business/2018/07/06/donald-trump-imposes-first-tariffs-china-threatens-target-almost/
Google Scholar

Donnan, S., Hornby, L. China hits back at ‘trade bullying’ Trump. “Financial Times”. Web. 6 July 2018, https://www.ft.com/content/5c5b66a8–80a6–11e8-bc55–50daf11b720d
Google Scholar

Dotson Jr. A.E. Enterprise Florida Opens Business Development Offices in China. “Bilizin Sumberg’s New Miami Blog”. Web. 3 April 2014, https://www.newmiamiblog.com/2014/04/03/enterprise-florida-opening-business-development-offices-in-china/
Google Scholar

Durbin, D-A. Ford Focus: Made in China. “US News”. Web. 20 June 2017, https://www.usnews.com/news/business/articles/2017–06–20/ford-to-import-focus-small-car-from-china-in-2019
Google Scholar

Economy at a Glance. Bureau of Labor Statistics, 12 January 2018, https://www.bls.gov/eag/eag.fl.htm
Google Scholar

Fernholz, T. If US trade with China is so unfair, why is GM the best-selling car there? “Quartz”. Web. 3 April 2017, https://qz.com/938648/if-us-trade-with-china-is-so-unfair-why-is-gm-the-best-selling-car-there/
Google Scholar

Finley, M. Appliance maker to establish an R&D center in Louisville. “Louisville Business First”. Web. 26 March 2015, https://www.bizjournals.com/louisville/news/2015/03/26/appliance-maker-to-establish-r-d-center-in.html
Google Scholar

Florida Household Income. Department of Numbers, September 2018, http://www.deptofnumbers.com/income/florida/
Google Scholar

Florida Population 2018. World Population Review, 19 January 2018, http://worldpopulationreview.com/states/florida-population/
Google Scholar

Foreign direct investment, net inflows (BoP, current US$). The World Bank 2016, https://data.worldbank.org/indicator/BX.KLT.DINV.CD.WD?end=2016&locations=CN&start=2011
Google Scholar

Galbraith, A., Patton, D. US-China trade talks sputtering at the 100-day deadline. “Reuters”. Web. 16 June 2017, https://www.reuters.com/article/us-usa-china-trade/u-s-china-trade-talks-sputtering-at-100-day-deadline-idUSKBN1A109V
Google Scholar

GDP Growth (annual %). The World Bank 2016, https://data.worldbank.org/indicator/NY.GDP.MKTP.KD.ZG?end=2016&locations=CN&start=2011
Google Scholar

Gillespie, P. US trade deficit with China and Mexico is growing. “CNN Money”. Web. 5 December 2017, http://money.cnn.com/2017/12/05/news/economy/us-trade-deficit/index.html
Google Scholar

Goh, B., Wong, S-L. China’s Xi says Belt and Road need to reject protectionism. “Reuters”. Web. Governor Jindal And Shandong Yuhuang Chemical Chairman Jinshu Wang Highlight Groundbreaking For $1.85 Billion Methanol Project in Louisiana. Louisiana Economic Development, 18 September 2015, https://www.opportunitylouisiana.com/led-news/news-releases/news/2015/09/18/governor-Jindal-and-shandong-yuhuang-chemical-chairman-jinshu-wang-highlight-groundbreaking-for-$1.85-billion-methanol-project-in-louisiana
Google Scholar

Graceffo, A. China-US Trade the 100 Day Plan, So Far (June 2017). “Foreign Policy Journal”. Web. 27 July 2017, https://www.foreignpolicyjournal.com/2017/07/27/china-us-trade-the-100-day-plan-so-far-june-2017/
Google Scholar

Haas, B., Jacobs, B., Helmore, E. US imposes sanctions on China, stoking fears of trade war. “The Guardian”. Web. 22 March 2018, https://www.theguardian.com/world/2018/mar/22/china-us-sanctions-trade-war
Google Scholar

Heatley, J. After 100 Days And Much Hype, US-China Talks Fall Flat. “Forbes”. Web. 21 July 2017, https://www.forbes.com/sites/insideasia/2017/07/21/after-100-days-and-much-hype-u-s-china-talks-fall-flat/#2d8be5a20107
Google Scholar

Heatley, J. What’s in the US-China 100 Day Action Plan? “The Diplomat”. Web. 17 May 2017, https://thediplomat.com/2017/05/whats-in-the-us-china-100-day-action-plan/
Google Scholar

Holmes, F. No Trade War Between the US and China… Yet. “Advisor Perspectives”. Web. 12 April 2017, p. 2.
Google Scholar

Hsu, S. Rising US Protectionism May Hurt China’s Economy And Begin A Trade War. “Forbes”. Web. 12 September 2017, https://www.forbes.com/sites/sarahsu/2017/09/12/rising-u-s-protectionism-may-hurt-chinas-economy-and-begin-a-trade-war/#20ad8181a326
Google Scholar

Huang, C. Party’s third plenum pledges’ decisive role’ for markets in China’s economy. “South China Morning Post”. Web. 13 Nov. 2013, http://www.scmp.com/news/china/article/1354411/chinas-leadership-approves-key-reform-package-close-third-plenum
Google Scholar

Iyengar, R. US-China trade battle: How we got here. “CNN Money”. Web. 4 April 2018, https://money.cnn.com/2018/04/04/news/economy/trump-china-us-tariffs-trade-timeline/index.html
Google Scholar

Jakóbowski, J. Dług, giełda i przedsiębiorstwa państwowe. Źródła chaosu na chińskich rynkach finansowych. Ośrodek Studiów Wschodnich. Web. 17 March 2016, https://www.osw.waw.pl/pl/publikacje/komentarze-osw/2016–03–17/dlug-gielda-i-przedsiebiorstwa-panstwowe-zrodla-chaosu-na
Google Scholar

Kallergis, K. Chinese investors pick up another South Florida property. “The Real Deal”. Web. 19 June 2017, https://therealdeal.com/miami/2017/06/19/chinese-investor-picks-up-another-south-florida-property/
Google Scholar

Kentucky Education Data. Town Charts 2017, http://www.towncharts.com/Kentucky/Kentucky-state-Education-data.html
Google Scholar

Kentucky Population 2017. World Population Review. Web. 17 Dec. 2017, http://worldpopulationreview.com/states/kentucky-population/
Google Scholar

Leering, R., Carnell, R. Trump and Trade… Threats or all-out trade war? “ING” (January 2017), pp. 13–23.
Google Scholar

Liu, G. Chinese Chemical Firm Invests $1 Billion in Louisiana Plant. “Asia Matters for America”. Web. 12 May 2017, http://www.asiamattersforamerica.org/china/chinese-chemic-al-firm-invests-1-billion-in-louisiana-plant
Google Scholar

Louisiana Population 2017. World Population Review. Web. 12 Dec. 2017, http://worldpopulationreview.com/states/louisiana-population/
Google Scholar

Mann, D.A. GE confirms $5.4 billion deal on appliance unit. “Louisville Business First”. Web. 15 Jan. 2016, https://www.bizjournals.com/louisville/news/2016/01/15/ge-haier-confirm-5–4-billion-deal-on-apppliance.html
Google Scholar

Mann, D.A. How many Chinese companies operate in Kentucky? “Louisville Business First”. Web. 15 Jan. 2016, https://www.bizjournals.com/louisville/news/2016/01/15/how-many-chinese-companies-operate-in-kentucky.html
Google Scholar

Moni, B. China’s Xi Jinping keeps Iowa close to his heart. CNN. Web. 8 Dec. 2016, http://edition.cnn.com/2016/12/07/asia/china-iowa-xi-jinping-branstad-trump/index.html
Google Scholar

Morrison, W.M. China-US Trade Issues. “Congressional Research Service”. Web. 26 Aug. 2017, pp. 10–30.
Google Scholar

Nakamura, D., Rauhala, E. US and China end summit with 100-day plan to boost trade and cooperation. “The Washington Post”. Web. 7 August 2017, https://www.washingtonpost.com/politics/us-and-china-end-summit-with-100-day-plan-to-boost-trade-and-cooperation/2017/04/07/5d3d923c-1bc9–11e7–855e-4824bbb5d748_story.html?utm_term=.bd5c46a63869
Google Scholar

New Mexico Population 2017. World Population Review. Web. 7 Dec. 2017, http://worldpopulationreview.com/states/new-mexico-population/
Google Scholar

The new nationalism. “The Economist”. Web. 19 Nov. 2016, https://www.economist.com/news/leaders/21710249-his-call-put-america-first-donald-trump-latest-recruit-dangerous
Google Scholar

Odland, S., Cramer-Flood, E. A trade war with China would crush multinationals like Apple and Walmart. “CNBC”. Web. 7 November 2017, https://www.cnbc.com/2017/11/07/trump-must-avoid-sparking-a-trade-war-with-China-commentary.html
Google Scholar

Ottley, J. Miami real estate likely to be increasingly attractive to buyers from China. “Miami Herald”. Web. 31 October 2016, http://www.miamiherald.com/real-estate/article111292117.html
Google Scholar

Setter, M.Y. 10 poorest states in America in 2016. “Benefits Pro”. Web. 3 October 2016, http://www.benefitspro.com/2016/10/03/10-poorest-states-in-america-in-2016
Google Scholar

Shane, D. China fires back, announcing tariffs on US planes, cars and soybeans. “CNN Money”. Web. 4 April 2018, https://money.cnn.com/2018/04/04/news/economy/china-tariffs-us-goods-soybeans/?iid=EL
Google Scholar

Shen, J. What is China’s Trump Card in a trade war? “Mizuho Securities Asia Ltd”, 15 February 2017, pp. 22–30.
Google Scholar

Shen, J., Luk, M. What has China learned from the Japan-US trade war? “Mizuho Securities Asia Ltd”, 12 June 2017, pp. 2–4.
Google Scholar

Shira, D. Investing in China’s Free Trade Zone. “China-Briefing”. Web. 21 September 2017, http://www.china-briefing.com/news/2017/09/21/investing-in-chinas-free-trade-zones.html
Google Scholar

Sloan, S. Kentucky’s first major Chinese investment to be Lexington factory. “Lexington Herald-Leader”. Web. 19 Sept. 2012, http://www.kentucky.com/news/business/article44377587.html
Google Scholar

State Export Report, 2016, US-China Business Council, June 2017, pp. 2–3.
Google Scholar

State Imports for Florida. US Census Bureau, 2 Oct. 2017, https://www.census.gov/foreign-trade/statistics/state/data/imports/fl.html
Google Scholar

Stinson, J. Xi Jinping Heads to Florida as Chinese Investment Booms. “PoliZette”. Web. 6 April 2017, https://www.lifezette.com/polizette/xi-jinping-heads-to-florida-as-chinese-investment-booms/
Google Scholar

Swaine, M.D. Chinese Views on the Trump Administration’s Asia Policy. “China Leadership Monitor”, no. 53 (2017).
Google Scholar

Tiezzi, S. Why China Dreads a Hillary Clinton Presidency. “The Diplomat”. Web. 10 Feb. 2016, https://thediplomat.com/2016/02/why-china-dreads-a-hillary-clinton-presidency
Google Scholar

Turner, O. The United States and China: Raptures and Realignments in Trump’s First Six Months. “Swedish Institute of International Affairs” (April 2017), no. 9, p. 3.
Google Scholar

Tyler, P.E. Hillary Clinton, In China, Details Abuse of Women. “The New York Times”. Web. 6 September 1995, http://www.nytimes.com/1995/09/06/world/hillary-Clinton-in-china-details-abuse-of-women.html
Google Scholar

Umehara, N. The Election of Donald Trump to the next President and the Response of China. In uncertainties after the unusual presidential election. “Institute for International Monetary Affairs”, no. 72 (2016), pp. 1–5.
Google Scholar

Walton, J., Lowther, E., Stylianou, N., Mpini, R., Ashton, C., Ewer, L., Reed, J., Huynh, L., Qureshi, S. US election 2016: Trump victory in maps. “BBC”. Web. 17 February 2017, http://www.bbc.com/news/election-us-2016–37889032
Google Scholar

Wang, S. Apex Changes From Foe to Suitor With $3.6 Billion Lexmark Deal. “Bloomberg”. Web. 20 April 2016, https://www.bloomberg.com/news/articles/2016–04–20/apex-changes-from-foe-to-suitor-with-3–6-billion-lexmark-deal
Google Scholar

Whittel, G. Obamacare i pivot na Pacyfik, czyli 8 lat rządów Baracka Obamy w USA [Podsumowanie]. “Polska Times”. Web. 14 Nov. 2016, http://www.polskatimes.pl/fakty/swiat/a/obamacare-i-pivot-na-pacyfik-czyli-8-lat-rzadow-baracka-obamy-w-usa-podsumowanie,11446469/
Google Scholar

Wyne, A. The Security Risks of a Trade War With China. “The Foreign Affairs”. Web. 6 Aug. 2018, https://www.foreignaffairs.com/articles/china/2018–08–06/security-risks-trade-war-china
Google Scholar

Xiao, H., Yu’an, Z. Louisiana loads up on China trade. “China Daily”. Web. 21 July 2017, http://usa.chinadaily.com.cn/world/2017–07/21/content_30206770.htm
Google Scholar

Ye, J. Here are the American companies most at risk in a trade war with China. “South China Morning Post”. Web. 27 July 2017, http://www.scmp.com/business/companies/article/2104231/here-are-american-companies-most-risk-trade-war-china
Google Scholar

Yoon, E. Here’s who wins with the new US-China trade deals. “CNBC”. Web. 12 May 2017, https://www.cnbc.com/2017/05/12/heres-who-wins-with-the-new-us-china-trade-deals.html
Google Scholar

Zhou, M. Birtley first Chinese Investment in Kentucky. “China Daily”. Web. 20 February 2017, http://usa.chinadaily.com.cn/world/2017–02/20/content_28275723.htm
Google Scholar

Downloads

Published

2019-07-15

How to Cite

Jaskuła, P. (2019). The Redefinition of Foreign Policy of the United States since Trump’s Election: The Case of Trade War with China. International Studies. Interdisciplinary Political and Cultural Journal, 23(1), 161-182. https://doi.org/10.18778/1641-4233.23.11