Foreign trade of Sino-US trade dispute on the influence of macro-economic

Labour cost advantage is the core of the export competitiveness, this article will compare in labour costs, on the basis of the export and employment perspective if the United States on a large scale trade friction on China's economy will likely impact.

Exports. Once the Sino-US trade war, the United States imposed against Chinese products for a greater amount of punitive tariffs on imports, the impact of Chinese products in the United States market price advantages. Structure from exports to the United States, Viet Nam, India, Korea, and other emerging markets like China, while the developed countries is quite different. From the labor cost comparison, China, on the whole, there are distinct advantages, if punitive tariff is not very high, the trade war on China's exports to the United States. In particular, the "computer and electronic product" and "electronic equipment and spare parts" of the two sectors, even if they are imposed 100% punitive tariffs, Chinese exports still has a big advantage of the prices, trade wars hardly discernible. But China's textile and clothing industry cost advantage is not big, if you are with punitive tariffs, its market share in the US and some will likely be Viet Nam and Indonesia invaded.

The area of employment. Trade war to measure the impact on employment, we calculated the major export industry for "United States exports stimulating local employment coefficients", namely the United States exports declined 5%-20% of employment change. Results show that China's main exports to the United States industrial employment is affected by the changes affecting exports are relatively large, furniture, leather goods, computer and electronic products and textiles and garments are the most sensitive: If these industry exports to u.s. dropped 5%, related jobs will reduce 9.02%, 5.02%, 3.9% and 2.87%, lead directly to the entire manufacturing employment declined by 0.83%, social employment reduction 0.24%; if these industry exports to the United States decreased by 20%, will lead directly to employment by 3.33% manufacturing industry, social employment reduction 0.97%.