Society: Observation of the 5th Anniversary of the US -China Trade War

Source: Taiwan Economic Daily

Economic Daily Society

On March 22, 2018, President Trump, the United States, announced that in accordance with the results of the 301 clauses, it was determined that mainland China violated intellectual property rights, obtained technology with improper means, and accused China's economic aggression that harmed the interests of the United States.Trump requires the administrative department to impose punitive tariffs on China's transmission of products, which can be regarded as a prelude to the US -China trade war; mainland China also follows up and impose tariffs on retaliation of the United States ’s continental products.After the two sides expanded tariff product projects, sanctions were continuously renovated, and the US -China trade war lasted for five years.

During this period, the two parties tried to reduce the situation of confrontation. In January 2020, the first phase of the US -China trade agreement was signed. China promised to conduct a significant reform of the economic and trade system and increase the procurement of US $ 200 billion in the United States to reduce trade to reduce trade.Equipment.However, the United States is dissatisfied with the degree of performance of mainland China. The mainland has only completed about 60 % of the US procurement. Other measures in China have repeatedly crossed the US Red Line.Therefore, after President Biden took office, the United States continued to increase the sanctions on the mainland; even if the leaders of the United States and China met in November last year, the situation did not change, and the US -China follow -up trade agreement was even more unsustainable.

Coupled with the spread of the crown disease epidemic, highlighting the high risk and vulnerability that depends on China's supply chain, making the United States more actively get rid of the mainland influence.After the invasion of Ukraine in Russia, the United States and China under geopolitics and the United States and China became hot, and US -China confrontation has become the norm.

The US -China trade war is a war without a winner.Under the "strong diversion and hard decoupling" policy in the United States, expand the restrictions on import and export of mainland China, and then use the establishment of a trust chain partner, the US supply chain parted ways with the Chinese red supply chain.The higher the technology content, the more pressure on the company to face the side stations.

Mainland China also actively counter -seeking breakthroughs.From the contents of the "Fourteenth Five -Year Plan", to the recent speech of the leadership of the "two sessions", all emphasized that only in different development patterns can we respond to unprecedented changes in the century.Use the internal circulation of the domestic market to support economic development.

Many multinational enterprises have adopted the "China plus one" strategy to avoid being divided into the supply chain of the Chinese market and the non -Chinese market in order to avoid being trapped in the US -China confrontation vortex.The role of the mainland world factories has been greatly reduced. Although the risk of corporate risks can be reduced, the operating costs of enterprises have increased.

The importance of the US -China trade war shows the importance of grasping technology and the necessity of returning to manufacturing. Therefore, the key industries or technologies of the key industry or technology must be supported by the state.Subsidy competition.

The United States' concerns about huge trading deficits to mainland China only shrink slightly, which does not meet the original expectations of the United States; however, the overall trade deficit of the United States has reached a record high in recent years.Waiting for East Asian economies, under the sanctions against China, countries will move to East Asia at the mainland, but they will only change the trade flow, but they do not achieve the goal of bringing manufacturing back to the United States.

In addition, the US punishment tariffs on imported products in the United States not only increases the cost of domestic production, but also is also passed on to consumers. This is also one of the reasons for high inflation in the United States.

In this Bodo -US trade war, Taiwan attracted many Taiwanese businessmen and foreign businessmen transferred from the mainland to create another wave of foreign investment in Taiwan, but also exposed the bottlenecks of many internal infrastructure.How to make these foreign capital take root is the focus of the future investment policy.

The US -China trade has also changed the cross -strait trade structure. Under the United States' punitive tariffs on the mainland, it has weakened the triangle trade relations between Taiwan, the mainland and the United States. In addition, due to the decline in investment in Taiwan in the mainland, the trade driven by investment has also declined.In the future, Taiwan ’s exports to the mainland will be guided by the domestic demand market in the mainland, so it is necessary to properly operate the mainland market.

The United States dominated the global supply chain reorganization. It is just the process, and the anti -China is just a means. The joint trust partner is just a method. The ultimate purpose of the United States is to "Bao the United States", maintain the leadership of American technology, and lead the global leading position.

The US -China trade war promotes Taiwan's key position, making Taiwan the focus of global attention, but also the focus of the United States and China.Although Taiwan has become a trusted partner in many countries, it must continue to innovate research and development to maintain technological advantages, avoid being overtaken, and not replaced in the supply chain to achieve the goal of "protecting the Taiwan".