The United States and China: Deadlocks and Paradoxes of Trade War
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ad The United States and China: Deadlocks and Paradoxes of Trade War A. I. Salitskiia,* and E. A. Salitskayab,**,# aPrimakov
Institute of the World Economy and International Relations, Russian Academy of Sciences, Moscow, Russia bBauman Moscow State Technical University, Moscow, Russia *e-mail: [email protected] **e-mail: [email protected] Received March 20, 2020; revised April 5, 2020; accepted April 23, 2020
Abstract—The current relations between the United States and China, which are largely defined by the phrase trade war, are analyzed. The authors place an emphasis on the economic, political, and legal aspects of these relations and the direct and indirect consequences of the trade war for both its participants and the world community. Attention is focused on the first months of 2020, when, in particular, a trade and economic agreement was signed between the parties. Individual sections of the agreement are considered, including those related to intellectual property; the promotion of American medicines to the Chinese market; and China’s obligations to purchase American manufactured goods, agricultural products, and fuels. A brief excursion into the history of the trade war is undertaken, the position of the parties is shown, and key problems of the dialogue are identified. New factors affecting this dialogue are considered: the recession that has begun in the global economy and the emergence and spread of the coronavirus epidemic. The actions of the parties to respond to the new challenges are evaluated. Keywords: China, United States, D. Trump, Xi Jinping, global economy, international relations, US‒China relations, trade war, economic sanctions, Chinese exports, COVID-19 pandemic. DOI: 10.1134/S101933162004005X
The beginning of 2020 was rich in unexpected events in the global economy and politics. The outbreak of coronavirus infection became especially noticeable among them, expanding from China to many Asian and Western countries. It contributed to the vivid manifestation of the most characteristic features of their foreign and domestic policies, exposed many old social diseases, and led to the aggravation of long-standing and relatively new contradictions. A sense of anxiety grew rapidly in the public mind, and the pages of the media and scientific editions were filled with forecasts of various kinds of crises, both ongoing and expected. It became commonplace to recognize the inadequacy of the existing mechanisms of managing the economy and international relations at the global, regional, and country levels, and many political leaders were subjected to well-deserved and undeserved criticism. # Aleksandr
Igorevich Salitskii, Dr. Sci. (Econ.), is Chief Researcher of the Primakov Institute of the World Economy and International Relations, RAS (IMEMO RAS). Elena Aleksandrovna Salitskaya, Cand. Sci. (Law), is an Associate Professor in the Intellectual Property Department and Head of the Department for Legal Support of Intellectual Property at the Center of Intellectual Property of the Bauman Moscow State T
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