An Analysis of the New Situation of Trump's Trade Protection and Its Influence on China
Abstract: For a long time, the Sino-U. S. economic and trade relations have been a“ballast stone”for stabilizing the political relations between the two countries. The two sides stick to the red as well as the bottom line of contesting without breaking, and the Sino -U. S. trade and investment are ever developing. At present, the Trump administration takes the serious imbalance in Sino-U. S. trade as its entry point, and continues to challenge China on a series of issues such as RMB exchange rate, intellectual property protection, and investment access. Domestically, the Trump administration has linked the trade imbalance with the problem of unemployment in the United States, and intends to use tax reform to promote the return of the manufacturing industry. Internationally, the United States has shifted from multilateral cooperation to bilateral cooperation and unilateralism, and has not hesitated to wage war on traditional allies. China is the main target of the implementation of the U. S. economic and foreign policies. Trump conspicuously accuses China of“stealing”Americans' employment opportunities and has a big attitude towards conducting a full-scale trade war with China. In this regard, the Chinese government must highly evaluate the negative impact of US trade protection on the Chinese economy at the national economic security level, and make full preparations for dialog, negotiation, and trade war.
Keywords: Trade protection, trade war, Sino-U. S. relationship, Trump