Trade frictions between China and the US

Seminar paper from the year 2010 in the subject Economics - International Economic Relations, grade: 1,1, The University of Hong Kong, language: English, abstract: History plays a funny role in repeating itself. With light of the current trade frictions between the

United States and China, their trading histories become increasingly relevant. Little did both sides know

the substantial impact of President Nixon¿s 1972 meeting with Chairman Maöthe event laid the basis

for growth and development between both countries for the next several decades: into a present

where the US dominates while China has the fastest growing financial market of the Twenty-first

Century. Up until recently, their trade relations have been, if not smooth, at least civil. However, the

increasing number of disputes in trade and policy-making may adversely affect the development of

Sino-US relations on the world market. As the international society turns their critiquing eyes towards

the friction currently plaguing the US and China, the two world powers are placed in the precarious

position of settling these disputes to not only decide the future of their own fragile partnership, but

the ultimate direction of the world trading scene.