Trump Administration's Trade Policy Toward China

4 Pages Posted: 19 Mar 2018 Last revised: 20 May 2018

See all articles by Yeo Joon Yoon

Yeo Joon Yoon

Korea Institute for International Economic Policy

Jonghyuk Kim

Korea Institute for International Economic Policy

Hyuk Ju Kwon

Korea Institute for International Economic Policy

Wongi Kim

Chonnam National University

Date Written: March 5, 2018

Abstract

Donald Trump was elected as the 45th President of the United States of America following the election held on November 18, 2016. Wielding the campaign slogan of "Make America Great Again," he promised to bring back jobs to the U.S. and reduce inequality for blue-collar white Americans, the main group that supported Mr. Trump. Even during his campaign, President Trump blamed the major trading partners of the U.S. for "unfair trade," insisting that such trade had widened trade deficit and decreased employment. This bellicose manner dis-played by the U.S. president signaled other countries to prepare for aggressive action on the part of the U.S.

As protectionist policies are expected under the new U.S. president, his administration may mainly accuse China of protectionism, particularly when considering how the U.S. has criticized its biggest trading partner for currency manipulation, illegal subsidies, intellectual property rights, and many other subjects that are relevant to its trade activities since accession to the World Trade Organization (WTO) in 2001. Therefore, this study focuses on a possible scenario where trade conflicts deepen between the U.S. and China, and the economic impact this would have on Korea.

Keywords: U.S. Trade Policy, China

Suggested Citation

Yoon, Yeo Joon and Kim, Jonghyuk and Kwon, Hyuk Ju and Kim, Wongi, Trump Administration's Trade Policy Toward China (March 5, 2018). KIEP Research Paper, World Economy Brief 18-09, Available at SSRN: https://ssrn.com/abstract=3142518 or http://dx.doi.org/10.2139/ssrn.3142518

Yeo Joon Yoon (Contact Author)

Korea Institute for International Economic Policy ( email )

[30147] Building C, Sejong National Research Compl
Seoul, 370
Korea, Republic of (South Korea)

Jonghyuk Kim

Korea Institute for International Economic Policy ( email )

[30147] Building C, Sejong National Research Compl
Seoul, 370
Korea, Republic of (South Korea)

Hyuk Ju Kwon

Korea Institute for International Economic Policy ( email )

[30147] Building C, Sejong National Research Compl
Seoul, 370
Korea, Republic of (South Korea)

Wongi Kim

Chonnam National University ( email )

300 Yongbong-dong
Gwangju, Jeonnam
Korea, Republic of (South Korea)

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