The United States and Chinese trade relation dates back in the year 1971 when these two countries re-opened doors to each other (DoS). Though the relationship of these two economies has been seen to be somewhat un-easy especially due to their recurring trade wars, there have been some significant milestones of mutually beneficial relationship.
Shambaugh, David, “Lifting the EU Arms Embargo on China: An American Perspective”, Discussion paper prepared for the CSIS/SWP conference “China’s Rise: Diverging U.S.- EU Approaches and Perceptions,” Berlin, April 28-29, 2005
Regulating international trade to be free from tariffs, the WTO helps rich countries such as China to benefit greatly through exporting products, but deeply harms poor-developing countries that receive those products. Initially, tariffs were expensive and raised the ...
From the beginning of their establishment, the bilateral relations between the United States of America and China have changed throughout the time. The bilateral relations of the two countries emerged from 1970’s with the ‘Ping-Pong’ diplomacy and there have been many pauses in their mutual relations. The US and China enjoyed cooperation in economic and military spheres and the mutual relations grew massively during until the end of 1990’s. The heads of the two states began visiting each other’s countries and the economic ties were tightening year by year. However, the issues of human rights and free speech declined mutual Sino-American relations. The American principle of democracy promotion and human rights protection minimized the Sino- American relations after the Tiananmen Square events in 1989, the US Presidents-George Bush and Bill Clinton- playing a key role in determining the further American foreign policy towards China.
The history of United States-China relations tells a story of distrust, exploitation, naivety, and conflicting viewpoints, but also one of a struggle to bypass those differences. In recent decades, the two nations have been increasingly reliant on one another, but America still cannot overcome many of the divisions established between the U.S. and Maoist China Michael Schaller argues. Though relations became hostile the era following the end of the Second World War, China's diplomatic view of the U.S. and the West had always been quite reserved. China's attitude towards America never deterred it (America) from pursuing its interest within the Far East. During the nineteenth and early twentieth centuries, America sought to open the Chinese market to expand trade and increase the amount of missionary work within China. From the collapse of the Qing until the end of the "loss of China" in 1949, the U.S. sought to insure that the Chinese market and potential military power remained U.S.-friendly in the post-war era. After Mao's Communist Party of China seized the mainland, the U.S. began to point fingers for the loss of Chang Kai-shek's pro-American state. Tensions eventually cooled in the 1970s with Nixon's outreach to China, ushering in a détente between the powers. In this new stage of relations, America and China sought to forward mutual interests towards the containment of the Soviet bloc.
Chinese and American Foreign Relations
China seems very pleased with the outcome of the George W. Bush - Jiang Zemin presidential summit meeting in Shanghai on October 19 along the sidelines of the Asia Pacific Economic Cooperation (APEC) Leaders' Meeting.
This was not because a great deal was accomplished, but because of Jiang's extremely modest definition of what constituted a "successful" meeting. All Beijing apparently sought was a photo opportunity and a new slogan. Success was achieved on both accounts, with the Chinese press touting the willingness by both sides to seek a new ``constructive relationship of cooperation.''
This is not insignificant.
Since becoming a member of the WTO, It can be expected that China in future will actively use its antidumping regulations. This tendency of using antidumping as a potential retaliatory means against actions from the developed world is becoming a widespread phenomenon in less developed countries. The potential for China to initiate antidumping actions against the EU is again likely to translate in a lower number of EU antidumping cases against China. (Lin, 2002) The answer to the question, “whether dumping is good, harmful, or not an issue” becomes clear, when you follow the basic ethical guideline of treating others how you would like to be treated.
When America's cotton is sent to China, it is made into T-shirts in the sweatshops of China by laborers working 12-hour days and being paid subsistence wages. When the finished T-shirts re-enter the U.S., they are protected by the government through subsidies, tariffs, taxes, and protectionist policies that ensure that these foreign products will not provide too much competition to American-made shirts. Government regulations control how many T-shirt can be imported from various countrie...
The realists’ concepts and views ultimately render a more significant portrayal of U.S.-China international trade in comparison to the liberals’ perspective. It shows that the policy implemented reflects the United States sole interest in relative gains, in comparison with the liberals’ idea of absolute gain. In other words, the United States seeks to benefit from its interaction with China only for the sole purpose of increasing its wealth and power.
According to Scissors (2013), As predicted by some and feared by others that the tidal wave of Chinese investment around the world has not materialized. In the first half of 2013, various obstacles to overseas spending by the People’s Republic of China (PRC) kept growth moderately. The dominance of state-owned enterprises has begun to ease but then energy was again the focus, Likewise, in the first half of the year, Chinese investment in the U.S. was substantial, continuing the performance in 2012. This trend indicates that certain American policy choices should be clarified. In the investment from Chinese investments, the U.S. get benefits from it but still there’s little reason to heed Chinese demands for a more welcoming environment until there is progress on American investment in China.