Discipline: International Relations
In the recent years, there has been a significant improvement in bilateral trade between United States and China. This paper examines the trade policies of both nations highlighting their commonalities as well as their differences. It presents a trade background and trends for both the U.S. and China. It also examines the current U.S. trade deficit with China and the causes. Anti-dumping measures, tariff barriers, Intellectual Property Rights (IPR) violations, and the appreciation of the Chinese Yuan against the U.S. dollar are factors highly related to the increasing trade deficit that the U.S. is currently experiencing. Taking all these factors into consideration, a more progressive approach on bilateral trade will be vital in overcoming the current trade deficit. The solution lies in the further engagement of the two nations’ political and economic interdependence. Tariff barriers must be reduced on all accounts, the appreciation of the Chinese RMB Yuan must be leveled, and uniform recording methods must be established in order to secure the progression of equal bilateral trade between the U.S. and China.