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How the iPhone Widens the US Trade Deficit with China:the Case of the iPhone X
https://doi.org/10.24545/00001710
https://doi.org/10.24545/00001710df066c67-3732-498f-8413-d3c31b798ec4
| 名前 / ファイル | ライセンス | アクション |
|---|---|---|
DP19-21(rev.).pdf (1.0 MB)
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| Item type | ディスカッションペーパー / Discussion Paper(1) | |||||||
|---|---|---|---|---|---|---|---|---|
| 公開日 | 2019-10-17 | |||||||
| タイトル | ||||||||
| タイトル | How the iPhone Widens the US Trade Deficit with China:the Case of the iPhone X | |||||||
| 言語 | en | |||||||
| 言語 | ||||||||
| 言語 | eng | |||||||
| キーワード | ||||||||
| 主題Scheme | Other | |||||||
| 主題 | China | |||||||
| キーワード | ||||||||
| 主題Scheme | Other | |||||||
| 主題 | US | |||||||
| キーワード | ||||||||
| 主題Scheme | Other | |||||||
| 主題 | Value Added | |||||||
| キーワード | ||||||||
| 主題Scheme | Other | |||||||
| 主題 | Trade and iPhone | |||||||
| 資源タイプ | ||||||||
| 資源タイプ | technical report | |||||||
| ID登録 | ||||||||
| ID登録 (DOI) | 10.24545/00001710 | |||||||
| ID登録タイプ | JaLC | |||||||
| 著者 |
XING, Yuqing
× XING, Yuqing
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| 著者所属 | ||||||||
| 値 | 政策研究大学院大学 / National Graduate Institute for Policy Studies | |||||||
| 抄録 | ||||||||
| 内容記述タイプ | Abstract | |||||||
| 内容記述 | Through an examination of the case of the iPhone X, this paper demonstrates that Chinese companies involved in production of the iPhone X have moved up the value chain. According to the bill of materials, those companies contributed 25% of the value added of the iPhone X. About 45% of the value added of the iPhone X originated from Japan, Korean and other economies. The iPhone trade remains a significant element of the statistics distortion of the Sino-US bilateral trade imbalance. In terms of gross value, the import of one iPhone X results in a $332.75 trade deficit for the US; measured in terms of value added, the deficit is a mere $104. Depreciation of the yuan has very limited power to counterbalance the tariffs imposed by the Trump administration because foreign value added embedded in Chinese exports is 33.9% on average. Simulation results show that to counterbalance a 25% tariff, the yuan would have to depreciate by 43.3% against the US dollar on average; and to fully compensate for a 25% tariff burden on the iPhone X, a 400% depreciation of the yuan would be necessary. Hedging the risk of the punitive US tariffs by depreciation of the yuan is mission impossible. | |||||||
| 内容記述 | ||||||||
| 内容記述タイプ | Other | |||||||
| 内容記述 | JEL Classification Codes: F1 | |||||||
| 発行年 | ||||||||
| 値 | 2019-10 | |||||||
| 書誌情報 |
en : GRIPS Discussion Papers Report No. DP19-21, 発行日 2019-10-17 |
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| 出版者 | ||||||||
| 出版者 | GRIPS Policy Research Center | |||||||
| 言語 | en | |||||||
| 関連サイト | ||||||||
| 関連タイプ | isIdenticalTo | |||||||
| 識別子タイプ | URI | |||||||
| 関連識別子 | https://ideas.repec.org/p/ngi/dpaper/19-21.html | |||||||
| 関連名称 | https://ideas.repec.org/p/ngi/dpaper/19-21.html | |||||||
| 著者情報 | ||||||||
| 内容記述タイプ | Other | |||||||
| 内容記述 | https://www.grips.ac.jp/list/jp/facultyinfo/xing_yuqing/ | |||||||
| 著者版フラグ | ||||||||
| 出版タイプ | AM | |||||||
| 出版タイプResource | http://purl.org/coar/version/c_ab4af688f83e57aa | |||||||
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Cite as
XING, Yuqing, 2019, How the iPhone Widens the US Trade Deficit with China:the Case of the iPhone X: GRIPS Policy Research Center .
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