The relationship between the United States and China has deteriorated significantly due to the COVID-19 pandemic, affecting global politics, economics, and health responses. This article delves into the complexities of the US-China trade sanctions, the impact of COVID-19 on both nations, and the implications for the upcoming US presidential election.
Both the US and China have engaged in a blame game over the origins and handling of COVID-19. Former President Donald Trump and Chinese President Xi Jinping have each tried to deflect domestic criticism by pointing fingers at each other. The Trump administration accused China of misleading the world by downplaying the severity of the virus, while Chinese officials claimed the US did not heed their early warnings (CNBC).
The trade relationship between the two largest global economies has been fraught with tension. January 2020 saw the signing of Phase One of a trade deal intended to ease these tensions by eliminating certain unfair trade practices and reducing tariffs. However, the COVID-19 outbreak has overshadowed these agreements, raising questions about the future of US-China trade relations. The pandemic has disrupted supply chains and prompted calls from US politicians to reduce dependency on Chinese manufacturing for critical supplies, such as pharmaceuticals and technology (U.S. Chamber of Commerce).
The rivalry extends beyond trade and economics into military and strategic domains. Both nations have sought to assert their dominance on various fronts, from the South China Sea tensions to technological advancements and cybersecurity issues. The competition has only intensified in the context of the pandemic, with both nations vying for global leadership in vaccine development and distribution.
The handling of the COVID-19 crisis has become a central issue in the US presidential election campaigns. President Trump's administration faced criticism for its response to the pandemic, which has significantly affected the American economy and public health. Democratic candidates have highlighted these perceived failures in their campaigns, arguing for a more effective and coordinated response (Pew Research Center).
Public opinion in the US has shown increasing wariness towards China, influenced by the ongoing pandemic and economic uncertainties. This sentiment is reflected in the policies proposed by US politicians, including calls for bringing back manufacturing jobs to the US and reducing reliance on Chinese supply chains for critical materials.
The state of Missouri filed a lawsuit against China, claiming mishandling of the COVID-19 outbreak, although legal experts are skeptical about the prospects of such cases due to the principles of sovereign immunity. In response, US legislators have proposed bills that would allow Americans to sue foreign governments for damages related to the pandemic.
In a move likely influenced by the broader US-China tensions, the US Senate passed a bill requiring Chinese companies listed on American stock exchanges to adhere to US auditing standards. This legislation aims to address long-standing concerns about transparency and fairness in the financial activities of Chinese firms operating in the US markets.
The US-China relationship remains fraught with challenges and complexities exacerbated by the COVID-19 pandemic. As both nations navigate these turbulent waters, the global community remains watchful of the implications for international stability, economic recovery, and geopolitical balance. The outcomes of these tensions and the US presidential election will likely shape the future of US-China relations and their roles on the world stage.
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This article was originally published at my blog - https://www.piyushknowledgeblog.education/
