Predatory Trade Practices: A Game of Chicken

“Predatory Trade Practices: A Game of Chicken?”

Is China practicing fair trade? Explain in detail what China is trying to achieve, and the implications on the result for the rest of the world.

After reading the case, it is evident that China is not practicing fair trade. What China is trying to achieve is to keep low the estimation of Chinese money falsely. The act of China has an impact on the rest of the world. For instance, the Chinese currency is not market-determined, which in turn offers an unfair competitive advantage to the rest of the world. China’s case is an example of unfair competition that s occur when one nation uses deceptive business practice to gain a competitive advantage. Most countries tend to use the market mechanism in price determination of their currencies and factors of production. In contrast, China uses low cost energy, controlled wages, modest credit and subsidized land to enhance their competitive advantage which is unfair to the rest of the world and causes economic harm to other businesses.

Why did the U.S. impose a “sliding-scale” tariff on China’s tires? And why only for a three-year period? What should the U.S. do if China were to impose a 50 percent tariff on American chicken feet?

Sliding-scale tariff is useable by the domestic industry to protect itself from the foreign competition. In this case, the United States is protecting itself from China. Therefore, United States imposed a sliding-scale tariff on China’s tires to create chance to the U.S manufacturers to rebuild and expand their productivity. The reason U.S gave out an ultimatum of three-year period is basically because with three year span, it will create enough time for U.S to restructure and increase their efficiency. The Chinese tire exports have had a negative implication in the United States tire industry such as market disruptions that has prompted plant shutting and redundancies. If China somehow managed to force a half tax on American chicken feet the best thing the United States can do is to start an investigation with the World Trade Organization to consider the way forward.

Reference

Gaspar, J., Kolari, J., Hise, R., Bierman, L., & Smith, L. M. (2016). Introduction to global business: Understanding the international environment & global business functions. Nelson Education.

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