By Lucas WAGENER
BONN – In many and long debates, the delegates of the G20 Committee talked about the current state of the world economy regarding the rise of protectionist tendencies by many member states. Especially the United States of America (U.S) who was often criticized for the measures taken under the Trump Administration. Many delegates felt the urge to point out that they are concerned about the relationship between the U.S and the People’s Republic of China (PRC). The current tariffs imposed by both Member States might just be the start of an upcoming trade war, which needs to be avoided.
A solution for this conflict, at first, seemed out of reach. The U.S strongly stood with their “America First Policies”, which would protect the American worker from “unfair international trade agreements” that seek to exploit the U.S. The PRC, on the other hand, was not willing to let these implementations pass: “Your Tariffs are an insult to the People’s Republic of China!”, as the delegate of the PRC pointed out. The delegate of the U.S made it clear that an end to the tariffs would only come with the cooperation of the PRC on topics like the safety of intellectual property and an end of too one-sighted trade deals.
A potential solution to this conflict came in form of the proposition of the PRC in which the delegate showed the willingness to cooperate to a certain degree on the above-mentioned points, if the US and the PRC would unanimously join the CCTPP, the follow up of the Trans-Pacific-Partnership trade agreement. Since the delegate of the US seems to be in favour of this, the question remains how far these potential cooperation’s on China’s side would go. Also the potential political influence the PRC would get as the second biggest economy in the CCTPP after the U.S could undermine the status of the U.S as the leading nation in trade affairs.