Author(s)

Jun QIN ¹

Affiliation(s)

¹ School of Foreign Studies, Northwestern Polytechnical University, Xi'an, Shaanxi 710100, China

Corresponding Author

Jun QIN

ABSTRACT

Since 2018, the Sino-US trade war has become the focus of world attention. This article uses the principle of “Standard of Right” in jurisprudence as the basic principle, and uses case analysis to explore the legal basis for US business interests groups to promote the trade war with China. The article found that business interests groups in the US manufacturing and high-tech fields played an important role in promoting the trade war against China. The decline of domestic manufacturing in the United States, the rapid development of China's manufacturing industry, and the development of China's high-tech industry have endangered the dominance of U.S. in these industries, so relevant interests groups hope to promote the trade war against China to revitalize their own manufacturing industry, hinder the development of China’s manufacturing industry, maintain their hegemony in the high-tech field, so as to safeguard its own interests, fully demonstrating the principle of “Standard of Right”. Faced with the negative role of US business interests groups in the trade war with China, China should use relevant domestic laws and regulations, and formulate foreign economic sanctions laws to restrict US business interests groups and avoid the Sino-US trade war.

KEYWORDS

Sino-US trade war, US business interests groups, The principle of “standard of right”

CITE THIS PAPER

Jun QIN. Article on the Legal Basis of U.S. Business Interests Groups Promoting the Trade War Against China. Financial Engineering and Risk Management (2021) 4: 12-16. DOI: http://dx.doi.org/10.23977/ferm.2021.040603.

REFERENCES

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[3] Shu Guoying. Introduction to Jurisprudence [M]. Beijing: Peking University Press, 2011.
[4] Chen Fengjun. Legal Thinking on the Sino-US Trade War and How to Solve the Problem[J]. Business Edition Laws and Regulations, 2019, 08: 126-127.
[5] Liang Bibo. The influence of Interests Groups on the Decision-making of US Trade Policy towards China [J]. International Economics and Trade Article, 2005, 21 (06): 22-16.
[6] Zhang Hui. On the Construction of China's Legal System of Foreign Economic Sanctions: Reflections on the List of Unreliable Entities [J]. Comparative Law Studies, 2019, 05: 141-153. 

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