The US-China Trade Policy framework, also referred to as the China-US dialogue mechanism and the China-US economic partnership plan, describes the current US approach to dealing with China. It is a framework that is designed to bring an end to the current state of confusion that has been prevailing in the US-Chinese relationship since the mid-1990s.
The framework has two elements: the dialogue between the two countries and the trade policy that the Chinese government implements as it seeks to establish greater economic power in its own right, without having to depend on the US. The framework also defines the United States’ own objectives in relation to the United States-Chinese relationship. It also provides a detailed history of this relationship, a background for the current situation and an explanation of why the US and China have changed the way they approach the US-Chinese relationship over the last several years.
The introduction of the China Trade Policy comes after a period of mutual mistrust and misunderstanding that began when the first visit to China by an American president took place in November of 1989. At that time, there was a deep rift between the United States and the Chinese leadership because of the failed Tiananmen Square protests, an incident that was blamed on the Chinese government. That year, the United States and the United Kingdom refused to allow trade missions into China to visit, despite a promise by the Chinese government to allow them to visit. At the same time, China’s currency devalued against the United States dollar. At the same time, the United States and the European Union began to impose trade sanctions against China, even threatening to take away its status as a member of the World Trade Organization.
Since then, the US has become increasingly concerned with its relationship with China, but the nature of that relationship has evolved. In fact, there are two distinct forms of relations between the United States and China: one based on commerce and the other based on investment. At the same time, the current administration has also begun to develop a more cooperative relationship with the Chinese government, as it is trying to strengthen its ties to the emerging economic powerhouse of the world. The current Chinese government has responded to these developments by making important concessions to the US. By taking a more open stance toward globalization, it has been able to build better relations with the United States and therefore to develop better relationships with other countries.
While the dialogue between the two countries focuses primarily on trade, the one-on-one conversation between the two heads of government is also an important component of the framework. In fact, many analysts feel that the failure of the dialogue policy has resulted from a lack of understanding on the part of the US administration about the Chinese government. The one-on-one meetings between the leaders of the two countries have been known to result in some agreements that may be beneficial to the United States. However, some observers feel that the lack of meaningful dialogue has left both sides blind to each other’s concerns and intentions.
One way that the dialogue has been used in the past has been to create obstacles to China’s rise as a regional economic power, such as preventing Chinese banks from opening branches in the Western countries, which was considered to be a major stumbling block to the establishment of a more successful relationship between the United States and China as economic partners. There have also been efforts, in the form of trade talks, to create international bodies that would help protect and secure the interests of the United States’ domestic consumers.
While China is currently seen as a competitor to the United States, the framework also offers a framework that gives the United States an opportunity to work with the Chinese government in areas where its interests may be aligned with the interests of the Chinese government. This includes the elimination of tariffs that may be too high, reducing trade barriers, and lowering import fees and taxes that may be harming the interests of US consumers.
In addition to all of these benefits, the United States and China have also been able to establish strong political and trade ties through the framework of the dialogue process. It is very likely that these ties will continue to grow stronger as the years go by, allowing the two countries to work closely together in order to strengthen their economic relationships, increase trade, and prevent China from becoming a major competitor.