Hasan, Fakhrul and Hossen, Md Rahat and Shahbaz, Ahmed Ashfaque (2021) How the steel industry has been affected by the trade war between the USA and China. International Journal of Critical Accounting, 12 (4). pp. 348-368. ISSN 1757-9848
Preview |
Text (How the steel industry has been affected by the trade war between the USA and China)
2021_IJCA-83431_PPV.pdf - Published Version Download (705kB) | Preview |
Abstract
This research paper mainly focuses on how the US and Chinese steel
industry has been affected by the trade war between the USA and China. One
of the main election manifestos of Donald Trump was to reduce and eventually
stop the steel import from China – the argument behind the manifesto was that
“China dumps their cheap steel in the USA, resulting in the US steel industry to
suffer.” The implementation of the manifesto caused a significant number of
relevant business organisations to shut down along with a significant number of
US labourers to lose their jobs. As we use data from 2013 to 2019, we find that
the US steel imports from China started to decline when Trump took the helm.
The import decline continued until the end of 2019. As a result of the import
decline, China also reacted strongly and reduced steel imports from the USA.
Therefore, this trade war has had a direct impact on US steel exports, and the
country has lost a substantial amount of their export revenue
| Item Type: | Article |
|---|---|
| Keywords: | the USA; China; steel; export; import. |
| Faculty / Department: | Faculty of Business, Law and Criminology > Liverpool Hope Business School |
| Depositing User: | Fakhrul Hasan |
| Date Deposited: | 02 Dec 2021 17:15 |
| Last Modified: | 21 Oct 2022 00:15 |
| URI: | https://hira.hope.ac.uk/id/eprint/3390 |
Available Versions of this Item
- How the steel industry has been affected by the trade war between the USA and China. (deposited 02 Dec 2021 17:15) [Currently Displayed]
Actions (login required)
 |
View Item |
Altmetric
Altmetric
