Examining Trade Friction from the Perspective of Global Value Chains: Experience from the United States and China Trade Friction

View Full Paper

Ask AI

Bookmark

Authors

Discussion

Analysis reveals declining US competitive advantage in manufacturing sectors, suggesting global value chains drive trade friction.

The analysis shows a relative decline in the United States’ competitive advantage compared to China.
During 2000–2014, US manufacturing sectors faced trade friction while China's export profitability increased.
Insights are derived from domestic value-added and vertical specialisation metrics to evaluate GVC linkages.
The findings highlight how dynamics in global value chains relate to contemporary trade policy implications.

Wang et al. (2025) studied this question.

View Full Paper

Ask AI

Bookmark