Analysis on the Causes and Countermeasures of Sino-US Trade Friction

Abstract

This study attempts to investigate the causes of Sino-US trade friction in recent years and provides countermeasures accordingly. The import and export volume of two countries, the product structure of China’s export, the 337^th Act lawsuits related to China, the industries involved in trade friction, and the G-L Index of Sino-US Products are analysed in detail. The causes of Sino-US trade frictions are discussed from the perspective of China and U.S., which include the unreasonable product structures of China’s export, poor performance of Chinese enterprises in the trade friction lawsuits, unfavorable condition of China’s intellectual property protection, the implementation of trade protectionism by American government, and the demands of American different interest groups. Based on these, countermeasures are put forward. The implementation of industrial upgrading, the increase of the added value of products, and the improvement of intellectual property protection are highly encouraged. Trade friction warning system needs to be constructed in the practice. Chinese government needs to carry out strategic dialogue with U.S.