Is America Winning the Trade Competition with China Amongst its Pacific Allies?

Proceedings of The 6th International Conference on Research in Social Sciences

Year: 2022

DOI:

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Is America Winning the Trade Competition with China Amongst its Pacific Allies?

Maksymilian Skrzypczak

 

ABSTRACT: 

This paper examines dependency of American allies in the Western Pacific on China and the United States. The aim is to find out, if the US is more significant in terms of trade volumes for its major political allies that its rival, China, as well as determining whether the trade war of 2018-2020 improved American position. Provided data was mostly gathered from World Bank, and in case of Taiwan calculated based on reports published by Yihan Ma on Statista website. Achieved statistics of US and China share in exports and imports of studied countries were organized into four tables for comparison, showing figures for each year. An average for the studied period and change in outcome relative to the opponent were used as indicators for interpretation and forming conclusions. It was proved that the US was less significant in terms of trade volumes for every studied partner in each year. Also, the comparison of outcomes in years 2016 and 2020 showed even further relative decline of American importance in 3 out of 14 cases. It may be concluded, that trade position of the US does not match its political sphere of influence, and the trade war was not successful in reversing that phenomena.

Keywords: United States, China, Trade, Pacific.