Who the US and China have trade disputes with
Not long after US tariffs on $34 billion worth of Chinese goods
kicked in, the Chinese government has responded by
imposing its own 5% tariff on 545 US products, also worth a total
of $34 billion. Trade disputes are nothing new for the two
economic superpowers, and they are not confined to targeting each
other. In total, China and the US have more than 300
disputes with different countries and trading blocks.
China’s trade disputes:
As the above chart shows, China is involved in a total of 55 trade
disputes, either as the complainant or responder. While
the majority these are with the US, China also has 13 trade
disputes with the European Union, plus a handful of others
with
countries including Japan and Mexico impose tariffs on hundreds of
billions of dollars’ worth of one another's goods. Former
US President Donald Trump had long accused China of unfair trading
practices and intellectual property theft. In China,
there is a perception that America is trying to curb its rise as a
global economic power.
Using a diagram(s), discuss the impact of China’s trade disputes
with its trading partners on
emerging and developing economies.
6.1 (10 marks)
Using a diagram(s), evaluate the impact of the US imposing quotas
on steel products from China.