|Table of Contents|

Origin and countermeasure for SinoUS trade friction——a literature review

《长安大学学报（社科版）》[ISSN:1671-6248/CN:61-1391/C]

Issue:
2018年05期
Page:
42-47
Research Field:
经济学
Publishing date:

Info

Title:
Origin and countermeasure for SinoUS trade friction——a literature review
Author(s):
YU Miaojie;  JIN Yang;  LIU Yalin
China Center for Economic Research & National School of Development， Peking University， Beijing 100871， China
Keywords:
trade friction;  trade protection;  employment;  income distribution;  globalization
PACS:
F752.7；F757.12
DOI:
-
Abstract:
This article reviews the most advanced research results in terms of SinoUS trade friction since the beginning of 2018 combining uptodate conditions， with a focus on the emerging trend of populism in US， the impact of trade war on the labor markets in both countries as well as policy decisions of both countries. The result shows that the impact of SinoUS trade on American labor market is multidimensional and manifested in various aspects. The decline of employment rate in American manufacturing industry cannot be entirely attributed to trade with China. Compared with trade protectionism policies that raise tax rate and cause trade war， it is more sensible for the US government to take actions from improving its income distribution regime and build a better structured tax system. The largescale trade protection measures will only make US lose more benefits. The Chinese government is capable of effectively easing the negative effects of the trade war when choosing the right coping strategies.

References:

［1］余淼杰.余淼杰谈中美贸易——全球经贸新格局下的大国博弈［M］.北京：北京大学出版社，2018.
［2］Pastor L，Veronesi P. Inequality aversion， populism， and the backlash against globalization ［EB/OL］.（2018-08-01）［2018-08-28］.http://www.nber.org/papers/w24900.pdf.
［3］Autor D， Dorn D， Hanson G， et al. Importing political polarization? the electoral consequences of rising trade exposure［EB/OL］.（2016-09-01）［2018-08-28］.http://www.nber.org/papers/w22637.pdf.
［4］Costinot A， RodríguezClare A. The US gains from trade: valuation using the demand for foreign factor services［J］. Cepr Discussion Papers， 2018， 32(2):3-24.
［5］Feenstra R C. Alternative sources of the gains from international trade: variety， creative destruction， and markups［J］. Journal of Economic Perspectives， 2018， 32(2):25-46.
［6］Autor D， Dorn D， Hanson G. The China syndrome: local labor market effects of import competition in the United States［J］.American Economic Review，2013，103(6):2121-2168.
［7］Pierce J R， Schott P K. The surprisingly swift decline of US manufacturing employment ［J］. American Economic Review，2016，106(7): 1632-1662.
［8］Wang Z， Wei S J， Yu X D，et al. Reexamining the effects of trading with China on local labor markets: a supply chain perspective［EB/OL］.（2018-08-01）［2018-08-28］.http://www.nber.org/papers/w24886.pdf.
［9］Fort T C， Pierce J R， Schott P K. New perspectives on the decline of us manufacturing employment ［J］. Journal of Economic Perspectives，2018，32(2): 47-72.
［10］Lee E， Yi K M. Global value chains and inequality with endogenous labor supply［EB/OL］.（2018-08-01）［2018-08-28］.http://www.nber.org/papers/w24884.pdf.
［11］Rodriguezlopez A， Yu M J. Allaround table liberalization and firmlevel employment: theory and evidence from China［EB/OL］.（2017-10-09）［2018-08-28］. http://img.bimba.pku.edu.cn/resources/file/9/2017/10/09/20171009165233853.pdf.
［12］Lyon S G， Waugh M E. Redistributing the gains from trade through progressive taxation［EB/OL］.（2018-06-01）［2018-08-28］. http://www.nber.org/papers/w24784.pdf.
［13］Barattieri A， Cacciatore M， Ghironi F. Protectionism and the business cycle［EB/OL］.（2018-02-01）［2018-08-28］.http://www.nber.org/papers/w24353.pdf.
 ［14］Guo M， Lu L， Sheng L， et al. The day after tomorrow: evaluating the burden of Trump’s trade war［J］. Asian Economic Papers， 2018， 17(1):101-120.

Memo

Memo:
-
Last Update: 2018-11-15