Compare the two government policies and how they affect the economic direction of China’s high-tech industry
DOI:
https://doi.org/10.61173/s6fn4s96Keywords:
Free trade agreement, Trade protectionism, High-tech industryAbstract
This research paper compares the impact of trade policies implemented by U.S. Presidents Barack Obama (2012- 2016) and Donald Trump (2017-2021) on the economic effect of China’s high-tech industry. This paper would focus on how key policy changes under the two presidents affected the US-China trade relationship, focusing on tariffs and trade agreements. This paper uses quantitative data analysis and qualitative interviews to analyze how these policy changes affect the economic situation of China’s chip industry. During the Obama administration, trade policy was characterized by a focus on global trade agreements. However, during the Trump administration, global trade policy was changed, which challenged the global chip industry. Through this study, the two presidential administrations of the United States have completely opposite attitudes towards China’s high-tech industry. This has directly led to changes in the global trade industry chain and the prices of high-tech industries. Different policies have also indirectly affected trade between countries and made politics sensitive.
References
[1] Erica York. “Tariff Tracker: Tracking the Economic Impact of the Trump-Biden Tariffs” (June 26, 2024)
[2] Terence Tai-leung Chong and Xiaoyang Li. “Understanding China-US Trade War: Causes, Economic Impact, and the Worst- Case Scenario.” (February 2019)
[3] The White House Office of the Press Secretary. “FACT SHEET: The Obama Administration’s Record on the Trade Enforcement” (January 12, 2017)
[4] Alan Wm. Wolff. “Trump’s proposed blanket tariffs would risk a global trade war.” (May 29, 2024)
[5] “National Security Strategy of the United States of America” (DECEMBER 2017)
[6] United States Trade Representative. “Economic And Trade Agreement Between The Government Of The United States Of America And The Government Of The People’s Republic Of Dean&Francis Jizhen Xing China Text” (January 2020)
[7] DataWeb: https://dataweb.usitc.gov/
[8] John M. Weaver. “The 2017 National Security Strategy of the United States”
[9] Chad P. Bown (PIIE), Euijin Jung (PIIE) and Zhiyao (Lucy) Lu (PIIE). “Trump, China, and Tariffs: From Soybeans to Semiconductors.” (June 18, 2018)
[10] Yongli Zhang, Xianduo Zhu. “Analysis of the global trade network of the chip industry chain: Does the U.S.-China tech war matter?” (June 2023)
Downloads
Published
Issue
Section
License
Copyright (c) 2025 by the authors.
This work is licensed under a Creative Commons Attribution 4.0 International License.
