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1、40China&WorldEconomy/40–56,Vol.16,No.3,2008USPresidentialElection2008:PolicyImplicationsforUS–ChinaTradeandInvestmentDanSteinbock*AbstractThenextUSpresidentwillbeelectedinNovember2008.SincetherelativestabilizationofwarinIraq,theeconomyhasbecomethenationalpriorityoft
2、he2008USelection.Intheircampaignefforts,theDemocratshaveenjoyedgreatermomentumthantheRepublicans,intermsofpolls,fund-raisingandcorporatesupport.AftertheBushera,thenextpresidentwillseektorestoreAmerica’sleadershipandtoengageinmultilateralism.Sincethe1990s,Chinahasbee
3、nthemostrapidly-growingUSexportdestination.IntermsofUS–Chinesetradeandinvestment,thenextpresident,ifaDemocrat,will,amongotherissues,reviewtradeagreementsandhaspledgedtoco-sponsorlegislationthatwouldallowUScompaniestoseekanti-dumpingdutiesonChineseimportsbasedonthepe
4、rceivedundervaluationoftheChinesecurrency.IfaRepublican,thenextpresidentwillsupportglobalintegrationandopposeprotectionistmeasures.TheDemocraticCongressislikelytoopposeRepublicanpoliciesingeneralandfreetradepoliciesinparticular.Bothscenariosimplyincreasingpressureon
5、US–Chinesetradeandinvestmentrelationships.Becausethesetwonationsnowaccountforalmosthalfofglobalgrowth,thestateofthefutureUS–Chinesebilateralrelationshiphasworldwideimplications.Keywords:foreigntradeagreements,tradeandinvestment,US–Chineserelations,JELcodes:D72,E65,F
6、13,F21I.IntroductionInthepostwarera,Washingtonwastheprimaryarchitectofthemultilateralinstitutions*DanSteinbock,ResearchDirectorofInternationalBusiness,India,ChinaandAmericaInstitute(ICA),withjointactivitiesinNewYorkCity,ShanghaiandHelsinki.Email:dsteinbock@gmail.com
7、.ICAisheadquarteredinAtlantawithresearchnetworksintheUSA,India,Chinaandworldwide.©2008TheAuthorJournalcompilation©2008InstituteofWorldEconomicsandPolitics,ChineseAcademyofSocialSciencesUSPresidentialElection2008:PolicyImplicationsforUS–China41designedtofacilitatefre
8、etradeworldwide.Inthepost-ColdWarera,thingshavebeenchanging.ThecurrentpresidentialelectiondebateonglobaltradeandChinareflectsapolarization
