The 2025 U.S.-China Trade War has intensified the vulnerability of China's oil supply chain due to heavy reliance on soybean imports,posing serious challenges to food security.This study examines soybean dependenc...The 2025 U.S.-China Trade War has intensified the vulnerability of China's oil supply chain due to heavy reliance on soybean imports,posing serious challenges to food security.This study examines soybean dependency risks and evaluates substitution strategies through diversified oilseed use,including palm-based alternatives.Findings show that high reciprocal tariffs caused a 75%drop in U.S.soybean exports to China.Palm oil,with high yield efficiency and cost-effectiveness,offers a viable supplement to fill supply chain gaps.Promoting oil palm cultivation through northward expansion and cooperation with Belt and Road countries is recommended.Additionally,multi-omics,gene editing,tissue culture,and precision agriculture are crucial to address technical bottlenecks.The study concludes that palm and soybean oils will form a complementary system,and that policy and technology investments are essential to strengthen China's oilseed supply chain resilience and sustainability.展开更多
The Trump administration's hostile trade actions against China since the beginning of this year violate World Trade Organization rules. To protect the free trade world economic system, China has stood up to fight ...The Trump administration's hostile trade actions against China since the beginning of this year violate World Trade Organization rules. To protect the free trade world economic system, China has stood up to fight this trade bullying. When the US administration continued with harsher actions, the escalation in trade friction increased the potential harm for both countries. China has been very clear that Trump's trade tariffs cannot improve the bilateral trade imbalance. Tit-for-tat ought to be a last resort but China is open to talking. Now the ball is in Trump's court. As two big,influential economies, China and the US should calm down and go back to negotiating table to avoid a trade war trap. Bullying is only one approach President Trump can choose, but arbitrary threats are no solution.展开更多
For more than a century,agriculture has been a pillar of the U.S.economy,feeding domestic consumers and supplying global markets.It is a story of remarkable efficiency,in which less than 2 percent of the population fe...For more than a century,agriculture has been a pillar of the U.S.economy,feeding domestic consumers and supplying global markets.It is a story of remarkable efficiency,in which less than 2 percent of the population feeds the nation and generates significant export income.Soybeans have become one of the stars of U.S.farm exports,with China emerging as the dominant buyer over the last decade.But this success is sadly coming to an end,disrupted by Washington’s trade war with China-a conflict that has exposed structural weaknesses in U.S.agriculture,empowered competitors and accelerated America's self-inflicted decline in competitiveness.This decline mirrors parallel issues in American manufacturing and finance,rooted in a lack of rational,sustainable goals and policies.展开更多
Since the Trump administration launched its "Liberation Day"tariffs on April 2,investors,traders and consumers,including those in the US,have experienced shock waves from the financial,commodities and gold m...Since the Trump administration launched its "Liberation Day"tariffs on April 2,investors,traders and consumers,including those in the US,have experienced shock waves from the financial,commodities and gold markets.Major international institutions have lowered their growth forecasts for the 2025 world economy.The pressure weighs on China as the world's second-largest economy and one of the top partners of two-way trade and investment with the US,and in particular,as the main target of the staggering tariffs.展开更多
China has fortified its relationships with trade partners around the globe as US President Donald Trump makes new tariff threats On the sidelines of the ASE-AN Plus foreign ministers'Lumpur,Malaysia on July meetin...China has fortified its relationships with trade partners around the globe as US President Donald Trump makes new tariff threats On the sidelines of the ASE-AN Plus foreign ministers'Lumpur,Malaysia on July meetings held in Kuala 11,Chinese Foreign Minister Wang Yi met with US Secretary of State Marco Rubio.Both Wang and Rubio described their first meeting in person as"con-structive,"emphasizing the importance of managing their differences and expanding cooperation in relevant fields.展开更多
In his address to the Institute of International Finance on April 23,U.S.Treasury Secretary Scott Bessent claimed China's current economic model is built on exports,adding this is an unsustain-able model.
The Trump Administration has presented three major reasons to justify the initiation of a China-US trade war： China＇s large trade surplus against the US, China＇s failure to comply with World Trade Organization （WT...The Trump Administration has presented three major reasons to justify the initiation of a China-US trade war： China＇s large trade surplus against the US, China＇s failure to comply with World Trade Organization （WTO） commitments and China＇s unreasonable acquisition of US technology and theft of intellectual property rights. The fundamental cause of the US trade deficit is its persistent saving deficiency. China has complied with WTO commitments, although there remains significant room for improvement. The case against China for the so-called unfair acquisition of foreign technologies and cyber-enabled intellectual property rights theft is weak at best, although China needs to redouble its effort in protecting intellectual property rights. President Trump＇s trade war will not drive China to abandon its resolve to catch up to the advanced economies. China is ready to fight a war of attrition. Unfortunately, both sides - as well as the rest of the world- will incur heavy losses in the process.展开更多
World-renowned investor Jim Rogers has said that he is not in favor of the decision of U.S. President Donald Trump to raise tariffs on Chinese goods, and has appealed to both sides to stop the trade war.
Washington’s disruptive trade wars present both opportunities and challenges to China and Africa.Borders that are crisscrossed more frequently by trade in goods and services are less likely to be besieged by soldiers...Washington’s disruptive trade wars present both opportunities and challenges to China and Africa.Borders that are crisscrossed more frequently by trade in goods and services are less likely to be besieged by soldiers and other armed elements,buttressing the fact that trade dividends are not just related to development,growth,and prosperity,but also include peace and mutual understanding through dialogue among civilisations.展开更多
The power and interest of industrial manufacturers are determined by their status in the relations of production.At the international level,countries see their economic and political status rise only when they climb t...The power and interest of industrial manufacturers are determined by their status in the relations of production.At the international level,countries see their economic and political status rise only when they climb the ladder in the international division of labor.As the primary production forces,science and technology are the main drivers behind such change.As new technologies give rise to new industries and restructure the international division of labor,developed countries strive to enhance the protection of their intellectual property rights(IPR)and safeguard their monopoly over core technologies.For developed countries,technological prowess holds the key to their supremacy in the global supply chain and international relations.The 19 th CPC National Congress makes clear the overarching goal in the new era is to rejuvenate the Chinese nation and turn China into a strong modern country.As an important material condition for achieving this goal,China must transition from being medium-and low-end links in the international division of labor to becoming high-end links.In this process,China will encounter backlash from developed countries that lead in the international division of labor.The recent China-US tussle over trade in high-tech goods is a case in point,and should be viewed through the lens of the relations of production and the international division of labor.The insights thus achieved will be of great significance to China’s future development.展开更多
Since he took office, the new US president, Donald Trump, has unveiled his broad economic policy--now called Trumponomics. It emphasizes neoliberalism at home, less government regulations, more growth and weakening th...Since he took office, the new US president, Donald Trump, has unveiled his broad economic policy--now called Trumponomics. It emphasizes neoliberalism at home, less government regulations, more growth and weakening the welfare state. Intemationally, Trumponomics embraces protectionism and nativism with a focus on US economic interests. Trumponomics caters to the lower-middle classes, a reflection of the country＇s current economic and diplomatic challenges. Trumponomics will bring uncertainty to China-US economic and trade relations. China should carefully study the policies of the Trump administration and prepare contingency plans.展开更多
During its rise as a world power, the United States(U.S.) adopted a traditional form of mercantilism, and most US politicians followed a protectionist approach. From the end of the Civil War to the eve of World War I,...During its rise as a world power, the United States(U.S.) adopted a traditional form of mercantilism, and most US politicians followed a protectionist approach. From the end of the Civil War to the eve of World War I, the United States blazed a new trail of industrial development and implemented protective policies such as high tariffs. This historical tradition has had a profound influence on some current US politicians. After the collapse of the Bretton Woods system, the United States developed a new form of mercantilism, as manifested in the emergence of nontariff barriers instead of tariff barriers to restrict imports and protect domestic industries and employment. Although export regulations have avoided affecting the technology industry, they have led to hefty trade deficits for the United States. National interests have prevailed in U.S. decision-making and have influenced its choices to accede to or walk away from international organizations or treaties. The dollar's hegemony has played a pivotal role in U.S. economic policymaking. These factors have led to the twin deficits in the U.S. economy, i.e. a trade deficit and a fiscal deficit. The real intention of the United States in waging a trade war against China is to maintain and even strengthen the dollar's hegemony and the U.S.' international predominance.展开更多
This study investigates the weak-form efficiency and asymmetric multifractal scaling behavior of rare earth stock indices in the global,U.S.and Chinese markets during the trade war and the COVID-19 period.We examine t...This study investigates the weak-form efficiency and asymmetric multifractal scaling behavior of rare earth stock indices in the global,U.S.and Chinese markets during the trade war and the COVID-19 period.We examine the scaling behavior across overall,upward(bullish),and downward(bearish)market states from 2013 to 2021,employing an asymmetric multifractal detrended fluctuation analysis approach.Our findings indicate asymmetric multifractality in U.S.rare earth stock prices,caused by fat tails and long-range correlations.Weak-form price inefficiency and asymmetry in U.S.rare earth stock prices are prominent during market downturns,such as the trade war and COVID-19 periods.Chinese rare earth stocks demonstrate greater efficiency than U.S.and global stocks;thus,the latter markets provide arbitrage opportunities during upward and downward trends.展开更多
2025 has,so far,been a year of surprises.The United States under its reelected president,Donald Trump,has not only ramped up the U.S.trade war with China that he began in his first term,but has also unleashed a verbal...2025 has,so far,been a year of surprises.The United States under its reelected president,Donald Trump,has not only ramped up the U.S.trade war with China that he began in his first term,but has also unleashed a verbal assault and a barrage of tariffs against its neighbors,Canada and Mexico.It appears the age of globalization and rules-based free trade is over,at least as far as the giant U.S.economy is concerned.展开更多
“Trade wars are extremely negative.Nobody wins with the t rade war.Everybody tends to lose.I’m particularly wor ried about the most vulnerable developing countries,in which the impact will be more devastating.”
基金financially sponsored by Hainan Provincial Natural Science Foundation(324QN360)Project of Sanya Yazhou Bay Sci-ence and Technology City(SCKJ-JYRC-2024-35).
文摘The 2025 U.S.-China Trade War has intensified the vulnerability of China's oil supply chain due to heavy reliance on soybean imports,posing serious challenges to food security.This study examines soybean dependency risks and evaluates substitution strategies through diversified oilseed use,including palm-based alternatives.Findings show that high reciprocal tariffs caused a 75%drop in U.S.soybean exports to China.Palm oil,with high yield efficiency and cost-effectiveness,offers a viable supplement to fill supply chain gaps.Promoting oil palm cultivation through northward expansion and cooperation with Belt and Road countries is recommended.Additionally,multi-omics,gene editing,tissue culture,and precision agriculture are crucial to address technical bottlenecks.The study concludes that palm and soybean oils will form a complementary system,and that policy and technology investments are essential to strengthen China's oilseed supply chain resilience and sustainability.
文摘The Trump administration's hostile trade actions against China since the beginning of this year violate World Trade Organization rules. To protect the free trade world economic system, China has stood up to fight this trade bullying. When the US administration continued with harsher actions, the escalation in trade friction increased the potential harm for both countries. China has been very clear that Trump's trade tariffs cannot improve the bilateral trade imbalance. Tit-for-tat ought to be a last resort but China is open to talking. Now the ball is in Trump's court. As two big,influential economies, China and the US should calm down and go back to negotiating table to avoid a trade war trap. Bullying is only one approach President Trump can choose, but arbitrary threats are no solution.
文摘For more than a century,agriculture has been a pillar of the U.S.economy,feeding domestic consumers and supplying global markets.It is a story of remarkable efficiency,in which less than 2 percent of the population feeds the nation and generates significant export income.Soybeans have become one of the stars of U.S.farm exports,with China emerging as the dominant buyer over the last decade.But this success is sadly coming to an end,disrupted by Washington’s trade war with China-a conflict that has exposed structural weaknesses in U.S.agriculture,empowered competitors and accelerated America's self-inflicted decline in competitiveness.This decline mirrors parallel issues in American manufacturing and finance,rooted in a lack of rational,sustainable goals and policies.
文摘Since the Trump administration launched its "Liberation Day"tariffs on April 2,investors,traders and consumers,including those in the US,have experienced shock waves from the financial,commodities and gold markets.Major international institutions have lowered their growth forecasts for the 2025 world economy.The pressure weighs on China as the world's second-largest economy and one of the top partners of two-way trade and investment with the US,and in particular,as the main target of the staggering tariffs.
文摘China has fortified its relationships with trade partners around the globe as US President Donald Trump makes new tariff threats On the sidelines of the ASE-AN Plus foreign ministers'Lumpur,Malaysia on July meetings held in Kuala 11,Chinese Foreign Minister Wang Yi met with US Secretary of State Marco Rubio.Both Wang and Rubio described their first meeting in person as"con-structive,"emphasizing the importance of managing their differences and expanding cooperation in relevant fields.
文摘In his address to the Institute of International Finance on April 23,U.S.Treasury Secretary Scott Bessent claimed China's current economic model is built on exports,adding this is an unsustain-able model.
文摘The Trump Administration has presented three major reasons to justify the initiation of a China-US trade war： China＇s large trade surplus against the US, China＇s failure to comply with World Trade Organization （WTO） commitments and China＇s unreasonable acquisition of US technology and theft of intellectual property rights. The fundamental cause of the US trade deficit is its persistent saving deficiency. China has complied with WTO commitments, although there remains significant room for improvement. The case against China for the so-called unfair acquisition of foreign technologies and cyber-enabled intellectual property rights theft is weak at best, although China needs to redouble its effort in protecting intellectual property rights. President Trump＇s trade war will not drive China to abandon its resolve to catch up to the advanced economies. China is ready to fight a war of attrition. Unfortunately, both sides - as well as the rest of the world- will incur heavy losses in the process.
文摘World-renowned investor Jim Rogers has said that he is not in favor of the decision of U.S. President Donald Trump to raise tariffs on Chinese goods, and has appealed to both sides to stop the trade war.
文摘Washington’s disruptive trade wars present both opportunities and challenges to China and Africa.Borders that are crisscrossed more frequently by trade in goods and services are less likely to be besieged by soldiers and other armed elements,buttressing the fact that trade dividends are not just related to development,growth,and prosperity,but also include peace and mutual understanding through dialogue among civilisations.
文摘The power and interest of industrial manufacturers are determined by their status in the relations of production.At the international level,countries see their economic and political status rise only when they climb the ladder in the international division of labor.As the primary production forces,science and technology are the main drivers behind such change.As new technologies give rise to new industries and restructure the international division of labor,developed countries strive to enhance the protection of their intellectual property rights(IPR)and safeguard their monopoly over core technologies.For developed countries,technological prowess holds the key to their supremacy in the global supply chain and international relations.The 19 th CPC National Congress makes clear the overarching goal in the new era is to rejuvenate the Chinese nation and turn China into a strong modern country.As an important material condition for achieving this goal,China must transition from being medium-and low-end links in the international division of labor to becoming high-end links.In this process,China will encounter backlash from developed countries that lead in the international division of labor.The recent China-US tussle over trade in high-tech goods is a case in point,and should be viewed through the lens of the relations of production and the international division of labor.The insights thus achieved will be of great significance to China’s future development.
文摘Since he took office, the new US president, Donald Trump, has unveiled his broad economic policy--now called Trumponomics. It emphasizes neoliberalism at home, less government regulations, more growth and weakening the welfare state. Intemationally, Trumponomics embraces protectionism and nativism with a focus on US economic interests. Trumponomics caters to the lower-middle classes, a reflection of the country＇s current economic and diplomatic challenges. Trumponomics will bring uncertainty to China-US economic and trade relations. China should carefully study the policies of the Trump administration and prepare contingency plans.
基金funded by the National Social Sciences Fund (NSSF) project “Study on U.S. Mercantilist Tradition and New Forms of Mercantilism (Approval No. 17BJL021)”
文摘During its rise as a world power, the United States(U.S.) adopted a traditional form of mercantilism, and most US politicians followed a protectionist approach. From the end of the Civil War to the eve of World War I, the United States blazed a new trail of industrial development and implemented protective policies such as high tariffs. This historical tradition has had a profound influence on some current US politicians. After the collapse of the Bretton Woods system, the United States developed a new form of mercantilism, as manifested in the emergence of nontariff barriers instead of tariff barriers to restrict imports and protect domestic industries and employment. Although export regulations have avoided affecting the technology industry, they have led to hefty trade deficits for the United States. National interests have prevailed in U.S. decision-making and have influenced its choices to accede to or walk away from international organizations or treaties. The dollar's hegemony has played a pivotal role in U.S. economic policymaking. These factors have led to the twin deficits in the U.S. economy, i.e. a trade deficit and a fiscal deficit. The real intention of the United States in waging a trade war against China is to maintain and even strengthen the dollar's hegemony and the U.S.' international predominance.
文摘This study investigates the weak-form efficiency and asymmetric multifractal scaling behavior of rare earth stock indices in the global,U.S.and Chinese markets during the trade war and the COVID-19 period.We examine the scaling behavior across overall,upward(bullish),and downward(bearish)market states from 2013 to 2021,employing an asymmetric multifractal detrended fluctuation analysis approach.Our findings indicate asymmetric multifractality in U.S.rare earth stock prices,caused by fat tails and long-range correlations.Weak-form price inefficiency and asymmetry in U.S.rare earth stock prices are prominent during market downturns,such as the trade war and COVID-19 periods.Chinese rare earth stocks demonstrate greater efficiency than U.S.and global stocks;thus,the latter markets provide arbitrage opportunities during upward and downward trends.
文摘2025 has,so far,been a year of surprises.The United States under its reelected president,Donald Trump,has not only ramped up the U.S.trade war with China that he began in his first term,but has also unleashed a verbal assault and a barrage of tariffs against its neighbors,Canada and Mexico.It appears the age of globalization and rules-based free trade is over,at least as far as the giant U.S.economy is concerned.
文摘“Trade wars are extremely negative.Nobody wins with the t rade war.Everybody tends to lose.I’m particularly wor ried about the most vulnerable developing countries,in which the impact will be more devastating.”
