China Trade War Getting More Aggressive
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Recently Kevin Price, Host of the nationally syndicated Price of Business Show, interviewed attorney, Lee Kaplan.
Kevin Price, Editor at Large for USABR and Host of the nationally syndicated Price of Business show, recently interviewed Lee Kaplan of the business law firm, Murphy Ball Stratton about the politics of Texas and nationwide. Kaplan is a long time contributor of the Price of Business show and brings important perspectives on politics, business, and the law.
- Trade frictions with the US: This is a major point of contention. The US has imposed tariffs on some Chinese goods, arguing that China engages in unfair trade practices like intellectual property theft and forced technology transfer. China has retaliated with tariffs on US goods https://www.cfr.org/backgrounder/contentious-us-china-trade-relationship.
- Focus on domestic industry: China is increasingly looking to boost domestic production, particularly in high-tech sectors like semiconductors. This can be seen as a way to reduce reliance on foreign imports and compete more effectively on the global stage. The US has also taken steps to bolster domestic production of certain goods https://www.cfr.org/backgrounder/contentious-us-china-trade-relationship.
- Free trade agreements: Despite the friction with the US, China continues to pursue free trade agreements with other countries and regions. This suggests they see international trade as important for their economy https://research.hktdc.com/en/article/MzIwNjcyMDYx.
- Streamlining trade procedures: China is working to improve trade efficiency through measures like free trade zones and a single-window system for international trade https://research.hktdc.com/en/article/MzIwNjcyMDYx.
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