Unit 6 - China, Trade War - Geopolitical Conflict Flashcards
1
Q
With who does China have a trade war with and why?
A
- World’s largest economies
- imposed tariffs worth billions in the past few years
- China believe the US wants to curp its rise
- USA believes that China practices unfair trade and intellectual property theft
- negotiations are ongoing however have proven to be difficult
2
Q
How did broadening and lengthening connections lead to conflict between China and USA?
A
- joined World Trade organisation
- lead to accusations that China does not comply with global trade rules
- China had no law about intellectual property which costs US companies 1 billion a year
- China has a closed market and it was demanded to open it
- WTO has lead to many benefits for China, but also lead to conflict as countries looked into the laws and regulations of China so that trade stays fair
3
Q
How did transfer of capital, goods and people lead to conflict between China and USA?
A
- companies from the USA lost money due to China’s actions.