US Trade Policy With China: Proposing A New Framework for US Economic Competitiveness
نویسندگان
چکیده
Due to the Biden Administration’s decision uphold a large majority of Trump administration’s protectionist trade policies, US manufacturing industries are failing control market share. This paper explores proper solutions that need be taken restore competitiveness with China, prioritizing cooperation allies and China instead unwarranted tensions. analyzes effects tariffs on Chinese imported goods Foreign Direct Investment (FDI) in US, Gross Domestic Product (GDP), wages, overall costs argue key imports should eliminated. benefits specialization its US’s Revealed Comparative Advantage (RCA) champion free policies such as revitalizing Trans-Pacific Partnership (TPP). Finally, this report recommends kickstart wholesale WTO reforms change process by which member states identify “developing” or “developed” nations, institute stricter litigation statutes against violations.
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ژورنال
عنوان ژورنال: Journal of Student Research
سال: 2022
ISSN: ['2167-1907']
DOI: https://doi.org/10.47611/jsrhs.v11i3.3455