The war between the United States and China for the control of the economic system
Who really wants Chinese world economic power or the United States?
Foreword
This work is a small personal appreciation about the current conflict between the US and China for the control of the economy and understanding what happens when you are in these situations, and a very important factor worldwide is considered as the economy worldwide, both physically, because it becomes a phenomenon that occurs in every human society, as social.
Introduction
We start by placing ourselves a little in the historical context;This commercial war began in March 2018 after the intervention of President Donald Trump, in which he announced that he was going to impose a tariff rate of 50 billion dollars to products from China and all this was going to stipulate under him ("Article 301 of the 1974 Commerce Law"), and giving as a premise two quite striking arguments such as little loyal commerce practices and non -respect for intellectual property. Seeing this the Chinese president imposed tariffs more than about 128 US goods, directly affecting soybean export since these is one of the largest export products in the US to China.
History
All this began on March 22, 2018 when the US president signed a memorandum under the (“Article 301 of the 1974 Commerce Law”), thus ordered the US representative, to become effective the application of the application of the application of50 billion dollars to Chinese products. In this way in a formal proclamation that these measures had been applied as a quick response to the little loyal practices that China used including respect for intellectual property.
Approximately April 2, 2018, the Chinese Ministry of Commerce, implemented almost 128 US goods that will be mentioned, as they are;Aluminum scrap, airplanes, and many others, soybeans that in question have almost 25% tariffs, also nuts, nuts and steel pipes equivalent to 15%. So much was the impact that after 24 hours or rather the next day the United States Trade Representative Ustrof dollars to those who plan to impose tariffs.
Thanks to all these planned and already established tariffs this commercial conflict began.
Developing
Throughout this process of imposition of tariffwhat happens with the US and its allied countries.
Starting that one of the US products that were marketed in China as soybeans, so much so that China in May canceled soybeans from the US, affecting the US exporters a lot, seeing is cancellation of A large number of soy orders, on May 20 Steven Mnuchin who is the secretary of making the USA, announced that he wanted or wanted to put this commercial war in a pause or wait, but this pause was not so long due to that on May 29 the White House gave public light that a 25% tariff was going to be imposed to 50 billion dollars in Chinese products such as; Technology that is of high importance and relevance in the US industry, giving as the end of its pronouncement a list would be published on June 15, in the same way it was also announced that it was going to implement modes of restriction to investment and controls for That China did not receive technology with the United States, being so and seeing this US proclamation, the Chinese minister made a great warning to the US that if these sanctions were implemented the negotiations between Beijing and Washintong will be void; Thus, according to the established date, President Trump gave his pronunciation on the imposition of the 25% mentioned tariff at 50 billion to exports from the products of Chinese origin, it was also announced that 34 billion would be taxed on July 6, while the remaining is to say the 16 billion missing on later dates. Because of this, China said that the US had begun the commercial war and that in that case they were going to implement similar tariff measures, in defense USA said that if so they were going to implement 10% of tariffs to 200 billion dollars to theChinese imports, in this way China pronounced again reaffirming that the United States is activating a commercial war, and in turn says that it will implement 50% of tariffs to products and goods from the United States.
Thus, on August 8, 2018, the US published the final list of Chinese goods and products that were in total 279, which had an equivalence of 16 billion dollars that would have the 25% tariff.
Then for this reason China goes to the WTO in search of suspending the commercial conflict;Being May 2018 China proposed procedures to solve this conflict, aiming the tariff2018 Among the Undersecretary of International Affairs of the US Department of Treasury, David Malpass and Chinese Vice Minister of Trade Wang Shouwen, this meeting was held in Washington DC, to revive negotiations. But the next day they began to govern the values of the tariff.
In search of a bipartidiary solution of the implementation of new tariffs at the G-20 meeting held in Argentina, both presidents agreed a period of 90 days to take the opportunity to resume negotiations.
After a period of calm, an announcement was generated that even at this date it is still unfinished and it was the proclamation of the renowned Google company under direct orders of the Unidense State Administration, communicating that this company will not provide more updates to a very recognized brand andImportant in the Chinese industry such as Huawei, denying access to basic operating applications of the Android operating system such as Gmail, Play Store, among others, thus giving an immediate response from Huawei saying that they themselves can undertake their own updates carryingcarried out an operating system that had already been implementing time, but it is something not entirely safe due to the complexity of the design of a new programming system and complex for Huawei designers, leaving doubts about it.
Thus, being an unfinished issue and being the last attack by the US government to Chinese -provement companies and that even Google or Huawei has proclaimed themselves.
conclusion
The United States wants to have control of the economy and thus implement and make clear who is the main world power both commercial and in the other aspects that compete.
It is denoted that both powers depend on each other.
The United States in a desperate search for control does everything possible to maintain active conflict.
The Chinese country’s trade depends a lot on trade with the US.
Although the difference of trying to resolve the conflict is denoted, the US will not yield until the economic potential control is in its favor and that other economic powers recognize it as such.
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