The Analysis Of U.S. Trade Policy Towards China

The United States is a superpower country, and nowadays China’seconomy is also developing rapidly, industry escalating, foreign trade volumeexpanding. The trade relationship between China and the United States isbecoming more and more important. At the beginning of1949, when Chinawas funded, U.S. trade policy towards China has been constantly changing.The period of U.S. trade policy towards China has four parts: the first phase(1949-1970) was a comprehensive keeping within limits towards China. TheUnited States had been pursuing the policy of any encouragement,containment and hostile to China.During this period, the U.S. adopted thepolicy of embargo, which had a huge effect on China. The second phase (1949-1970) was the stage of recovery and ease the U.S. cut down the restrict ofexporting control. Then the relationship of Sino-US economic was on the righttrick, and the Sino-US trade developed rapidly. The third phase(1989-2001)was relatively complex stage. During this period, Sino-US trade policyrepresented the gennerally friendly trend, but there was still friction, disputesand constrains. This made the U.S. trade policy towards China present arelatively complex characteristics. The fourth phase (2001-now) is a stage ofno clear features. During this period the U.S. lost clear characteristics towardsChina. As the U.S. suffered terrorist attacks and the impact of the financialcrisis, the overall performance of the US-China trade policy represents friendly,discrimination and hostility of the three co-exist. There are also some problemsin current policy. The trade protectionism of the U.S. gradually come out.Affected by the financial crisis, the U.S. economy has been coming down,with serious shortage of funds and high unemployment, so it still has difficultyin escaping from the crisis. As a result, the domestic economic downturn, with high unemployment, and the U.S. trade deficit is serious. At the same time,China is an emerging country, whose economic grows rapidly. The status ofChina is increasing, which is a serious threat to the United States. Therefore,the U.S. contains China’s economic development by the means of trade policy.China’s export products are suffering from anti-dumping, countervailing andintellectual property rights investigation. And the United States also putpressure on the RMB exchange rate. All of the measures taken by the UnitedStates are in order to curb China’s economic development. We predict thefuture trend of U.S. trade policy, according to America’s historical evolution andcurrent trade policy toward China, especially in light of the trend of the futuredevelopment of Sino-US political and economic relations.Coping with the problems of Sino-US trade policy, we make some advice.China should further promote the comprehensive and mutually building ofSino-US economic cooperation partnership. We should solve the imbalance ofthe Sino-US trade, keep looking on the political factors,and actively resolvepolitical conflicts. Reasonable U.S. trade policy will help the trade relationsbetween the two countries. Sino-US trade relations not only affect theeconomic and trade development between the two countries, but also have animpact on the development of the world economy. So it is necessary toproperly handle the Sino-US trade relations, in order to develop a more stableand reasonable U.S. trade policy.