... concern economics, the latter primarily concern politics. The growing political contradictions between the United States and China have not disappeared. This means that the risk of sanctions will persist regardless of success in resolving the trade war.... ...
Xu Wenhong::
The SWIFT System: A Focus on the U.S.–Russia Financial Confrontation
The key difference between sanctions and trade wars is the existence of specific political goals. By introducing economic restrictions, the country which initiates them ...
... range of restrictive measures and requires a clear conceptual framework. To begin with, economic sanctions are different from trade wars. These two concepts are often confused in the Asian region, especially when it comes to relations between the US and China. In fact, they differ both in goals and in methods. Trade wars are aimed to achieve economic advantages for national producers. Tariff regulation is the main means of carrying out a trade war. Countries can remain partners and even allies, but still wage major trade wars. Sanctions, on the contrary, pursue ...
... without account for high costs, and lack of innovative ideas
Today, South Korea is the leading manufacturer of memory microchips. Samsung Electronics and SK Hynix hold
two-thirds
of the global market. Additionally, both the United States’ Apple and China’s Huawei depend on the products produced by South Korean companies. Integrated circuit units account for
17 percent
of South Korea’s exports (the entire microelectronics sector accounts for
nearly a quarter of its exports
), compared to
less ...
