US economic and trade sanctions against China: A loss-loss confrontation  

作　　者：Liang Guo Sizhu Wang Nicole Z.Xu 

机构地区：[1]Jack H.Brown College of Business and Public Administration,California State University,San Bernardino,CA,USA [2]School of Finance,Renmin University of China,Beijing,China [3]Chinese American Youth Association,Atlanta,GA,USA

出　　处：《Economic and Political Studies》2023年第1期17-44,共28页经济与政治研究（英文版）

基　　金：supported by the National Social Science Foundation of China[Grant No.20ZDA053].

摘　　要：The economic and trade sanctions implemented by the United States(US)against China have lasted for a few decades and the structural imbalance of the US–China trade relationship has ultim-ately been escalated to a trade war recently.We examine the eco-nomic impacts of US sanctions against China on both sponsor and target countries during the last 20 years.We find that such impacts have significantly changed over time.On one hand,US economic sanctions have gradually extended from China’s labour-intensive to high value-added products and they have largely slowed down China’s trade growth for the last decade.On the other hand,US consumers and businesses have faced higher pri-ces and production costs for Chinese imports(or import substi-tutes)in the wake of the increasing US trade sanctions,leading to great deadweight losses to the sponsor country.In addition,US economic and trade sanctions against China have largely impacted other economies involved in US–China trade as well.The intermediary status of the Hong Kong SAR has been greatly challenged.Overall,US economic and trade sanctions have caused pain on both China and the US,but their impact on China(the target country)has been largely weakened.

关 键 词：Economic sanctions US–China trade war export control 

分 类 号：F752[经济管理—国际贸易]