UGC Approved Journal no 63975(19)

ISSN: 2349-5162 | ESTD Year : 2014
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Published in:

Volume 8 Issue 4
April-2021
eISSN: 2349-5162

UGC and ISSN approved 7.95 impact factor UGC Approved Journal no 63975

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Published Paper ID:
JETIR2104102


Registration ID:
301656

Page Number

9-17

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Title

Trade War: War Of Dominance

Abstract

Donald J. Trump has started his political journey aiming at protectionism and making ‘America Great Again’. He advocated the theory of high tariffs to control imports, to have more jobs for Americans and substantially promoting the exports. Trump emphasized on the strong connection between jobs and international trade. He criticized some of the free trade agreements like North American Free Trade Agreement (NAFTA) and Trans-Pacific Partnership (TPP). US President’s Trade policies promote mercantilism by using the phrase ‘Smart Trade Not Stupid Trade’. His prime focus is protectionism against foreign competition. On August 18, 2017, President Trump asked the U.S. Trades Representative (USTR) Robert Lighthizer to commence an investigation under Section 301 of the Trade Act of 1974 into the government of China’s acts, policies, and practices related to technology transfer, intellectual property right (IPR), and innovations. Following a thorough investigation of available proof, USTR, prepared findings showing that, among other acts, policies, and practices, China uses biased licensing requirements to transfer technologies from U.S. companies to Chinese companies. These laws, policies, practices, and actions may impede United States exports, deprive United States citizens of fair honorarium for their innovations, divert American jobs to workers in China, contribute trade deficit with China, and undermining American manufacturing, services, and innovation. The Trade Wars between the world’s two largest economies were initiated on these grounds. The current paper focuses on trade retaliations between US and China and its impact on rest of the world in general and India in particular.

Key Words

North American Free Trade Agreement(NAFTA), Trans-Pacific Partnership (TPP), United States Trade Representative (USTR) and Intellectual Property Rights (IPRs).

Cite This Article

"Trade War: War Of Dominance", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.8, Issue 4, page no.9-17, April-2021, Available :http://www.jetir.org/papers/JETIR2104102.pdf

ISSN


2349-5162 | Impact Factor 7.95 Calculate by Google Scholar

An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 7.95 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator

Cite This Article

"Trade War: War Of Dominance", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.8, Issue 4, page no. pp9-17, April-2021, Available at : http://www.jetir.org/papers/JETIR2104102.pdf

Publication Details

Published Paper ID: JETIR2104102
Registration ID: 301656
Published In: Volume 8 | Issue 4 | Year April-2021
DOI (Digital Object Identifier): http://doi.one/10.1729/Journal.27177
Page No: 9-17
Country: Delhi, Delhi, India .
Area: Commerce
ISSN Number: 2349-5162
Publisher: IJ Publication


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