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

作     者：Liang Guo Sizhu Wang Nicole Z.Xu 

作者机构：Jack H.Brown College of Business and Public AdministrationCalifornia State UniversitySan BernardinoCAUSA School of FinanceRenmin University of ChinaBeijingChina Chinese American Youth AssociationAtlantaGAUSA 

出 版 物：《Economic and Political Studies》 (经济与政治研究（英文版）)

年 卷 期：2023年第11卷第1期

页      面：17-44页

学科分类：02[经济学] 0202[经济学-应用经济学] 020206[经济学-国际贸易学] 

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

主　　题：Economic sanctions US–China trade war export control 

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 *** examine the eco-nomic impacts of US sanctions against China on both sponsor and target countries during the last 20 *** find that such impacts have significantly changed over *** 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 *** 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 *** addition,US economic and trade sanctions against China have largely impacted other economies involved in US–China trade as *** intermediary status of the Hong Kong SAR has been greatly ***,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.