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All Journal Bulletin of Community Engagement
Nabila, Rahma Fauzia
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Retorsi dalam Penyelesaian Sengketa Internasional: Studi Kasus terhadap Konflik Ekonomi AS dan Tiongkok Nabila, Rahma Fauzia; Aulia, Salwa Diandra; Murfrihah, Wilda Malika; Sintia, Riani
Bulletin of Community Engagement Vol. 4 No. 1 (2024): Bulletin of Community Engagement
Publisher : CV. Creative Tugu Pena

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.51278/bce.v4i1.1286

Abstract

The economic conflict between the US and China that began in 2018 employed tariff retaliation to pressure trade policies. This study aims to evaluate the effectiveness of retaliation in achieving economic and political objectives. A qualitative method with descriptive analysis was used to analyze trade data from the U.S. Census Bureau and USTR. Results show a 16% decline in US imports from China in 2019 and an increase in consumer prices. While retaliation protects domestic industries, its impacts include global supply chain disruptions and diplomatic tensions. In conclusion, retaliation effectively pressures trade but brings significant economic risks, requiring international cooperation for optimal outcomes. Retortion can protect domestic industry while also imposing an economic burden on consumers and producers. Apart from the direct economic impact, the retortion also affected diplomatic relations and political tensions between the two countries. Other case studies such as the European Union's sanctions against Russia show that the effectiveness of retortion depends greatly on the political and economic context of the targeted country
Co-Authors Aulia, Salwa Diandra Murfrihah, Wilda Malika Sintia, Riani