In the Middle: American Multinationals in China and Trade War Politics

Liu, Rigao; Zhang, Jiakun Jack; Vortherms, Samantha A.

doi:10.1017/bap.2022.14

Cited by 5 publications

(2 citation statements)

References 27 publications

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“…Import competition, partisanship, and China bashing predicted congressional political support for the trade war (Kuk, Seligsohn, and Zhang 2018). In contrast, multinational businesses increasingly are driven by their embeddedness in China, including joint-venture status and business models shaped by the state-market relations depicted by China scholars (Zhang, Liu, and Vortherms 2022).…”

Section: Margalit 2021mentioning

confidence: 99%

Researching China’s Development and Globalization in an Era of US-China Tensions

Hsueh

2023

APSC

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The role that China is perceived to present for the global economy—much less global security—has changed remarkably since China’s accession to the World Trade Organization (WTO) in December 2001. During the height of neoliberalism and third-wave democracies, China appeared more open to foreign capital than the developmental states of East Asia, which had restricted foreign direct investment (FDI) in favor of domestic industrialization during a comparable stage of economic development. Through the first 15 years of China’s WTO membership, many in academia and the policy world depicted a modernizing China undergoing market transition, in parallel to Eastern European countries after the collapse of the Soviet Union.

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Section: Margalit 2021mentioning

confidence: 99%

Researching China’s Development and Globalization in an Era of US-China Tensions

Hsueh

2023

APSC

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“…Using a measure of bilateral tensions derived from an analysis of the negative sentiment expressed in major US newspaper coverage of US-China relations, the authors illustrate that bilateral tensions negatively affected monthly US imports from China in the period between 2002 and 2019. They further disaggregate the impact of bilateral tensions for industries with different levels of supply chain linkages to China, finding that the negative impact of such tensions was particularly notable for industries closely integrated into China-centered global production networks through either backward 56 Liu, Zhang, Vortherms (2022). 57 Lee and Osgood (2022).…”

Section: Multinational Corporationsmentioning

confidence: 99%

The US–China Trade War: Economic Statecraft, Multinational Corporations, and Public Opinion

Hua

Zeng

2022

Bus. Polit.

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The United States and China have been embroiled in what Beijing has called the "biggest trade war in economic history" since early 2018, when Washington imposed punitive tariffs on Chinese products to challenge perceived unfair Chinese practices, prompting Beijing to retaliate with its own tariffs on US exports to China. The trade war was not an independent event, but part of a broader effort initiated by the Trump administration to confront serious challenges from China in not only the economic but also the political and security realms.The trade war has had a tremendous impact on global economic activities and geopolitical relations. Although the two sides reached a partial truce in January 2020 with the signing of the Phase One trade agreement, the conflict is far from over. The enormous political and economic differences between the two countries have impacted and will likely continue to impact how the trade war will play out in the future. This special issue explores the politics of the US-China trade war, focusing on economic statecraft, the role of multinational corporations in the dispute, and public opinion toward the trade war. The introduction to the special issue first provides an overview of the origins of the US-China trade war and surveys existing literature on this topic. It then proceeds to highlight the key themes and contributions of the issue and concludes by identifying questions for future research.

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Local sourcing embeddedness, manufacturing relocation, and firm attitudes toward the US-China trade war: A survey analysis of China-based MNC subsidiaries

Zeng

Xie

2023

Bus. Polit.

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This paper examines the attitudes of multinational corporations (MNCs) toward the U.S.-China trade war through an original survey of China-based MNC subsidiaries in the manufacturing industry. Our argument is in two parts. First, firms that have relocated production outside of China or are considering such moves should be less likely to oppose the trade war as they possess outside options that reduce their vulnerability to trade restrictions. Second, firms’ tendency toward production relocation can in turn be explained by their local sourcing dependence, as measured by the level of such dependence and the degree to which their operations require supplier certification. This is because firms more heavily embedded in local supplier networks face stronger resource dependence that increases organizational inertia, reducing their ability to switch to alternative suppliers and therefore relocating production to other destinations. Our findings corroborate our hypotheses, highlighting how the heterogeneity in MNCs’ supply chain relationships may influence both their manufacturing relocation decisions and trade policy preferences.

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In the Middle: American Multinationals in China and Trade War Politics

Cited by 5 publications

References 27 publications

Researching China’s Development and Globalization in an Era of US-China Tensions

Researching China’s Development and Globalization in an Era of US-China Tensions

The US–China Trade War: Economic Statecraft, Multinational Corporations, and Public Opinion

Local sourcing embeddedness, manufacturing relocation, and firm attitudes toward the US-China trade war: A survey analysis of China-based MNC subsidiaries

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