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2. Trade trends show China should take the opportunity to diversify its market
- Author:
- Dong Yan, Ma Yingying, and Xu Tingting
- Publication Date:
- 05-2019
- Content Type:
- Policy Brief
- Abstract:
- The China-US trade row has been drawing a lot of attention. A detailed review of the bilateral trade situation between China and the US from January through April is a good reference for the future trend. Also, as uncertainties loomed amid tariff hikes, some related US industries were afflicted, such as plants, minerals and precious metal in the first quarter.
- Topic:
- Markets, Tariffs, Trade Wars, Diversification, and Trade
- Political Geography:
- China, Asia, North America, and United States of America
3. US-EU dispute over auto trade could get worse
- Author:
- Dong Yan and Xu Tingting
- Publication Date:
- 02-2019
- Content Type:
- Policy Brief
- Abstract:
- The dispute over auto trade between the United States and the European Union is becoming more heated and uncertain. US President Donald Trump has threatened to slap additional tariffs of 25 percent on autos imported from the EU if the bloc doesn't agree to a trade agreement favorable to the US. Although Dutch Prime Minister Mark Rutte told CNBC on Monday that there's a lot happening behind the scenes to ensure the US and the EU reach a trade deal, Bloomberg, citing a senior EU official, reported on Friday that the EU is ready to target Caterpillar and Xerox if Trump hits cars.
- Topic:
- Treaties and Agreements, European Union, and Trade
- Political Geography:
- Europe, North America, and United States of America
4. Economic Sanction Games among the US, the EU and Russia: Payoffs and Potential Effects
- Author:
- Dong Yan and Li Chunding
- Publication Date:
- 07-2018
- Content Type:
- Working Paper
- Abstract:
- Economic sanction of the US and EU on Russia because of Ukraine crisis in 2014 lasts for a long time and is still a hot policy topic. This paper uses a 16-country or region numerical general equilibrium model with trade cost and exogenous trade imbalance to explore this three-country economic sanction game payoffs, and simulate the effects of sanctions on individual countries. Our analysis find that all sanction involved countries will be hurt, but comparatively Russia will be hurt more, and the US and EU will be hurt less. Sanction measures of EU have larger impacts to Russia than the US measures, and meanwhile Russian counter-sanction measures will generate larger impacts on the EU than on the US. From the economic perspective, the optimal choice for US and EU is to give up sanction measures to Russia, and retaliation is Russia’s optimal choice when faced with sanction measures. Countries out of the sanction game will gain because of trade diversion effects.
- Topic:
- Economics, Sanctions, European Union, and Economy
- Political Geography:
- Russia, Europe, and United States of America
5. US tariff measures may boomerang
- Author:
- Dong Yan
- Publication Date:
- 07-2018
- Content Type:
- Policy Brief
- Abstract:
- US President Donald Trump has launched a tariff war not only against China but also against some other economies and threatened to undermine the multilateral trading system. Apart from China, quite a few other economies have also taken countermeasures to Trump's unilateral and protectionist moves. For instance, Russia plans to impose 25-40 percent tariff on US industrial goods, including equipment for road construction, oil and gas, and mining in response to the US tariffs on Russian metals.
- Topic:
- Multilateralism, Tariffs, Trade Wars, and Donald Trump
- Political Geography:
- Russia, China, and United States of America
6. China will further open up but not due to US pressure
- Author:
- Dong Yan
- Publication Date:
- 06-2018
- Content Type:
- Policy Brief
- Abstract:
- China will take measures to further open up to the outside world, Xi said in his highly-anticipated keynote address at the Boao Forum for Asia. But amid the escalating China-US trade conflict, some people have wrongly assumed Xi made the remarks with the Trump administration's accusations in mind. But a review of China's policies shows the country will deepen reform and opening-up because of its practical development needs, not because of any other country's demand or coercion. And more importantly, if the US insists on starting a trade war, China's further opening-up policies will not apply to any US enterprises. To people concerned about China's development, Xi's speech must have sounded inspiring, but not surprising, as opening-up has been a development theme for China for the past 40 years.
- Topic:
- Development, International Trade and Finance, Economy, and Trade Wars
- Political Geography:
- China, Asia, and United States of America
7. China will further open up but not due to US pressure
- Author:
- Dong Yan
- Publication Date:
- 04-2018
- Content Type:
- Policy Brief
- Abstract:
- China will take measures to further open up to the outside world, Xi said in his highly-anticipated keynote address at the Boao Forum for Asia. But amid the escalating China-US trade conflict, some people have wrongly assumed Xi made the remarks with the Trump administration's accusations in mind. But a review of China's policies shows the country will deepen reform and opening-up because of its practical development needs, not because of any other country's demand or coercion. As for the expansion of imports, China shifted its focus from exports to striking the right balance between imports and exports long ago, because the increase in imports will offer more choices to Chinese consumers and help improve their living standards, aside from giving foreign companies easier access to the Chinese market.
- Topic:
- Markets, Trade Wars, and Imports
- Political Geography:
- China, Asia, North America, and United States of America