Viewing US-China Trade Relations through the Presidential Debates
In every U.S. election, the Democratic and Republican candidates lock horns over their policies toward China. The general consensus in the past has been that the Republican Party, which advocates free trade, takes a relatively more amicable stance toward China, while the labor union-backed Democratic Party is more hard-line. However, despite the fact that both candidates this year have emphasized that China can become a partner of the U.S., they have still pointed fingers while discussing U.S. unemployment, the trade deficit with China and other issues during the debates.
To hold China up as a scapegoat for the U.S. economic depression is not only inconsistent with reality, but is also far from being just and equitable. The U.S. has received numerous benefits from its trade with China, including an expansive market, low-priced goods, and increased employment. From less than $2.5 billion in trade when China and the U.S. opened diplomatic ties in 1979, aggregate bilateral trade has increased to nearly 180 times that size with last year's $446.6 billion. The two nations have long since become the second-largest trading partner of the other, and China has been the fastest-growing export market of the U.S. for the past ten years. While it is true that China has seen some benefits from developing these trade relations, it has similarly been advantageous for the U.S. Despite this, the U.S. is growing increasingly apprehensive about China from a strategic standpoint, and putting China in check has become its long-term strategy. As a result, regardless of who is elected, the U.S. will pursue its course of enacting trade policies to contain China even more strongly.
The U.S. general election has politicized U.S.-China trade issues out of necessity. But shifting America's domestic problems onto China will ruin the atmosphere of economic cooperation that the two countries have developed. This does not serve the interests of the U.S., China, or their peoples, nor does it have a positive impact on the global economic recovery. At present, the U.S. and China are both in the midst of power transitions, and relations between the two have already become extremely sensitive. The U.S. candidates attacking China is not advantageous to bilateral relations. Both nations must actively put forth an effort to establish a stable strategic framework for U.S.-China relations