The Rationale and Implications of the US Paradigm Shift in International Economic and Trade Cooperation
After the Cold War,with the deepening of economic globalisation and international labour division,the World Trade Organization(WTO)and free trade agreements(FTAs)have become the two main mechanisms of international economic and trade cooperation for most economies,including the United States.However,the United States has been gradually changing its mode of international economic and trade cooperation since Donald Trump took office as the US president in 2017.Based on a list of international economic and trade agreements dominated by the United States since 2020,this paper analyses,in both domestic and international dimensions,the logic of the transformation from the economic,political and strategic perspectives.It then analyses the prospects and implications of the transformation of the US international economic and trade framework.The study finds that,despite the changes in the mode of international economic and trade cooperation led by the United States,it is unlikely to achieve its expected strategic objectives.Instead,it may only be possible to reduce its dependence on China's industrial chain in a few sectors.Yet,the restructuring of the global industrial chain led by the United States will not only affect the welfare of the countries or regions involved,but also influence the world trading system.As far as China is concerned,with the US actively promoting the construction of the"American and non-American system",China's participation in the global labour division will be negatively affected,and the development of Sino-US economic and trade relations will also be hindered.
Sino-US competitioninternational economic and trade cooperationfree trade agreementsupply chainhigh-tech industry
NETL
NSTL
万方数据
