Abstract—The Sino-US trade war has become more and
more fierce. From March 2018 to the present, China and the
United States have begun to constantly increase tariffs and
restrict each other. Negotiations are still going on and it seems
that no real progress has been made. Soybean procurement,
sanctions against Huawei, chip battles, intellectual property
wars, and technology transfer have been escalated, and both
sides of the trade have been affected to varying degrees. At the
end of 2019, if all the tariffs in the Trump plan were
implemented, it meant that almost all goods from China (worth
about $550 billion) would be subject to punitive tariffs. First
Opium War‘ Britain often called it the first Sino-British war or
"commercial war". It was a war of aggression launched by
Britain from China from 1840 to 1842, and it was also the
beginning of modern Chinese history. In 1840, the British
government used Lin Zexu's Humen cigarettes as an excuse to
decide to send the expeditionary forces to invade China. In June
1840, the British warships arrived in the Pearl River Estuary in
Guangdong, blocking the seaport, and the Opium War began.
The Chinese and British sides signed the "Nanjing Treaty", the
first unequal treaty in Chinese history. China began to rip land,
indemnify, and negotiate tariffs to foreign countries. The
Nanjing Treaty seriously endangered China's sovereignty.
China began to become a semi-colonial, semi-feudal society,
losing its independent status and promoting the disintegration
of the natural economy.
Index Terms—China and the United States, trade war, opium
war, comparison.
Dr. Haowei Ti and Zhiyun Hu are with Hong Kong Asian Business
School, Hong Kong (e-mail: huntertee@foxmail.com, peileigang@sina.cn).
Gang Bian was with Hong Kong Asian Business School, Hong Kong
(e-mail: 363592520@qq.com).
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Cite: Haowei Ti, Zhiyun Hu, and Gang Bian, "Comparison between Sino-US Trade War and the Opium War of the Qing Dynasty," International Journal of Trade, Economics and Finance vol.12, no.2, pp. 58-61, 2021.
Copyright © 2021 by the authors. This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited (CC BY 4.0).