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Rigan Chakma
Senior Lecturer
General Education Program
University of Liberal Arts Bangladesh
Global Political Economy (GED 223)
Section 01
Fall 2020
USA-China Trade War & Its Global Impact
What is
a
“Trade War”
??
When countries
try to damage
each other's
trade by
imposing tariffs
on imports.
The Timeline Reflecting US China Trade Relation
1784
The
Empress of
China
The first Us
merchant
vessel that
traded from
us to china.
1976
China’s
economic
Reform
Reformation
of China’s
economy
from
communist to
free trade.
1980
Beginning of
a Strong
Trade Power
Us-China
trade
was
Around US
$5 Billion.
2000
Normalized
Trade
Relations
President Bill
Clinton signs
“Us-China
Trade
Relation Act
of 2000”.
2001
Member
of
WTO
China
became a
member
of
World Trade
Organization.
2004
Striking
growth of
Trades
Trade rise
dramatically
between 2
economic
giants to US
$231 Billion.
2008
Largest US
Foreign
Creditors
China
becomes the
largest holder
of U.S.
treasuries of
$600 billion.
2010
2nd
Largest
Economy
China
becomes the
2nd
largest
Economy.
Why a
“Trade War”
Happened ??
P •Political
E •Economic
S •Social
T •Technological
Why
This
Sudden
Tension
Rise
? Political Reason
E
C
O
N
O
M
I
C
Largest Economic GDP
($20.49 Trillion 2020)
2nd Largest Economic GDP
($13.4 trillion 2020)
Manufacturing Hub
World’s largest exporter
and 2nd largest importer.
Lifted more people out of
poverty than any other economy.
All
These
Resulted
In
USA Trade Deficit with China
$120 Billon Export
$540 Billion Import
Trade Deficit= $540 Billion - $120 Billion
= $420 Billion
USA Import USA Export
$77 Billion
$70 Billion
$54 Billion
$16 Billion
$12 Billion
$10 Billion
Social Reason
More Job Loss in USA
Shifted USA company to China
Discouraged Foreign Investors to invest in both Countries
Creates an Uncertain future for Tech Industries
Trade Wars may soon will turn into Nuclear Wars
Technological
Reason
Of
Trade
War
What is 5G?
What is
5G
Technology
?
5G is the 5th generation cellular
network technology that
provides broadband access.
ADVANTAGES
• Increased Bandwidth
• More Speed
• Low Cost
• More Opportunities for
New Technologies
Why is it Important for both these countries to win the 5G Race?
Why?
Gets Economic
Advantage.
Future Economy
is Information
Based Economy
Countries with access
to more information
will dominate the
Market.
Both Countries are
heavily dependent on
Tech Industry.
Founded in 1987.
CEO is Ren Zhengfei.
Headquarters are at Shenzhen, China.
‘Huawei’ means Chinese Achievements.
Privately owned Chinese Multinational Company.
Largest Telecommunication- Equipment Manufacturer.
CEO Ren Zhenfei
Ox Horn Research & Development Campus, Shenzhen, China
Why
Trump
Was
After
Huawei
?
Allegation of Trade secret Conspiracy (T-Mobile
Robotic Arm).
Arrest of Company’s CFO (also the daughter of CEO)
in allegation of Conspiracy to Defraud multiple
International Institutions.
Accusing Huawei working as a Spy for Chinese
Govt behind the Curtain.
Considering them as a Threat for USA.
Product & Services Market Domination
Mobile
Smartphones
Fixed Broadband Networks
Consultancy
Multimedia technologies
Tablet Computers
Laptops
# 1st Position
The Sectors
that
will be
Revolutionized
Driverless Cars
Smart Cities
Communication
&
Collaboration
Advancement
in
Telemedicine
Advanced
Logistic
Management
Take
Advantages
From
Trade
War
Philippine India
Malaysia Thailand
Bangladesh
What Can Bangladesh Gain Out of It?
Increase the Worldwide RMG
Market share
Try to Raise the Importance of
Shonadia Deep Sea Port
Enter Into
China’s huge
Seafood Market
Attract
Foreign Investors
To Invest in
Bangladesh.
Conclusion
We are
Open
for
Questions

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USA-China Trade War and its global impact

  • 1. Rigan Chakma Senior Lecturer General Education Program University of Liberal Arts Bangladesh Global Political Economy (GED 223) Section 01 Fall 2020
  • 2.
  • 3. USA-China Trade War & Its Global Impact
  • 4. What is a “Trade War” ?? When countries try to damage each other's trade by imposing tariffs on imports.
  • 5. The Timeline Reflecting US China Trade Relation 1784 The Empress of China The first Us merchant vessel that traded from us to china. 1976 China’s economic Reform Reformation of China’s economy from communist to free trade. 1980 Beginning of a Strong Trade Power Us-China trade was Around US $5 Billion. 2000 Normalized Trade Relations President Bill Clinton signs “Us-China Trade Relation Act of 2000”. 2001 Member of WTO China became a member of World Trade Organization. 2004 Striking growth of Trades Trade rise dramatically between 2 economic giants to US $231 Billion. 2008 Largest US Foreign Creditors China becomes the largest holder of U.S. treasuries of $600 billion. 2010 2nd Largest Economy China becomes the 2nd largest Economy.
  • 6. Why a “Trade War” Happened ?? P •Political E •Economic S •Social T •Technological
  • 8. E C O N O M I C Largest Economic GDP ($20.49 Trillion 2020) 2nd Largest Economic GDP ($13.4 trillion 2020) Manufacturing Hub World’s largest exporter and 2nd largest importer. Lifted more people out of poverty than any other economy.
  • 9. All These Resulted In USA Trade Deficit with China $120 Billon Export $540 Billion Import Trade Deficit= $540 Billion - $120 Billion = $420 Billion USA Import USA Export $77 Billion $70 Billion $54 Billion $16 Billion $12 Billion $10 Billion
  • 10. Social Reason More Job Loss in USA Shifted USA company to China Discouraged Foreign Investors to invest in both Countries Creates an Uncertain future for Tech Industries Trade Wars may soon will turn into Nuclear Wars
  • 12. What is 5G? What is 5G Technology ?
  • 13. 5G is the 5th generation cellular network technology that provides broadband access. ADVANTAGES • Increased Bandwidth • More Speed • Low Cost • More Opportunities for New Technologies
  • 14. Why is it Important for both these countries to win the 5G Race? Why? Gets Economic Advantage. Future Economy is Information Based Economy Countries with access to more information will dominate the Market. Both Countries are heavily dependent on Tech Industry.
  • 15. Founded in 1987. CEO is Ren Zhengfei. Headquarters are at Shenzhen, China. ‘Huawei’ means Chinese Achievements. Privately owned Chinese Multinational Company. Largest Telecommunication- Equipment Manufacturer. CEO Ren Zhenfei
  • 16. Ox Horn Research & Development Campus, Shenzhen, China
  • 17. Why Trump Was After Huawei ? Allegation of Trade secret Conspiracy (T-Mobile Robotic Arm). Arrest of Company’s CFO (also the daughter of CEO) in allegation of Conspiracy to Defraud multiple International Institutions. Accusing Huawei working as a Spy for Chinese Govt behind the Curtain. Considering them as a Threat for USA.
  • 18. Product & Services Market Domination Mobile Smartphones Fixed Broadband Networks Consultancy Multimedia technologies Tablet Computers Laptops # 1st Position
  • 19. The Sectors that will be Revolutionized Driverless Cars Smart Cities Communication & Collaboration Advancement in Telemedicine Advanced Logistic Management
  • 21. What Can Bangladesh Gain Out of It? Increase the Worldwide RMG Market share Try to Raise the Importance of Shonadia Deep Sea Port Enter Into China’s huge Seafood Market Attract Foreign Investors To Invest in Bangladesh.