US vs China: From Trade War to Reciprocal Deal gives readers an up close account on the rough-and-tumble trade talks between the US and China. The book provides a neutral and balanced perspective in addressing the historical, political and cultural backgrounds that had made US-China trade wars inevitable, but also explains how the two richest and most powerful countries and long-time rivals had eventually reached a consensus to support a bilateral trade agreement for the ages.
Author(s): Thomas Weir Pauken II
Publisher: World Scientific Publishing Company
Year: 2019
Language: English
Pages: 344
City: Singapore
Contents
About the Author
Acknowledgments
Preface
US–China Trade War: A Timeline
Part I Understanding the Background
Chapter 1 China’s Economic Miracle
Reform and Opening Up
Success Breeds Success
WTO Entry; Winning Hand
Changing Tide with Trump and Xi
Chapter 2 “America First” Agenda
Election Results Shocker
Embracing the “America First” Platform
Forgotten Men and Women
Who is the Forgotten Man?
US Manufacturing: Dark Days
Chapter 3 American Dream vs. Chinese Dream
American Dream
Chinese Dream
American Way of Life
Chinese Values
Part II Eruption of Trade Wars
Chapter 4 Prepping for Trade Talks
US Draws Up Trade Wars
China’s Laggard Response
US–China Trade Teams
US Side
China’s Side
US Request for Reciprocity
China: Stop the Politics
Chapter 5 To Bluff or Not to Bluff
Not Taking Trump Seriously
Section 301, US Trade Act of 1974
Understanding US–China Holidays
Rising US–China Trade Deficits
Chapter 6 China Goes Global
Regional Comprehensive Economic Cooperation (RCEP)
Belt and Road Initiative (BRI)
China and South-South Cooperation
China’s Railways Diplomacy
Part III Geopolitical and Economic Transformations
Chapter 7 Globalism Fades Away
New World Order
EU Sets an Example
Rise of Populism
China: Globalism — Yes or No?
Chapter 8 China Enters a “New Normal”
Defining the “New Normal”
Greening of China
Sparking an Entrepreneurial Spirit
Shift to Consumption
Chapter 9 Trump-a-nomics Surges Ahead
Cutting Red Tape and Taxes
US GDP Flies Higher
Stock Markets — Ups and Downs
Stronger US Manufacturing
Part IV Search for Common Ground
Chapter 10 What is “Made in China 2025?”
‘Made in China 2025’
Ending Forced Tech-Transfers
Shenzhen as Next Silicon Valley
Automated Manufacturing and Logistics
Chapter 11 Clash of Cultures: Trump vs. Xi
China to Refuse Neoconservative Demands
Capitalism with Chinese Characteristics
Xi Jinping: Reformist and Conciliator
Trump: Disruptor and Deal-Maker
Chapter 12 The Art of a Win-Win Trade Deal
Mistakes by Trump and Xi
Trump’s Wining Strategy and Fair Demands
Xi’s Smart Tactics and Reasonable Requests
Preparing for a Big Win-Win
Epilogue
Bibliography
