China Trade Deficit Analysis

• When engaging in international trade, China focuses on the business arrangement, not its political implications. Do you think the United States should act more like China, strengthening its economy by fostering mutually beneficial partnerships with foreign countries that do not promote democracy or fair labor practices?

The U.S government needs to intervene with international trade because international trade plays crucial role in the growth of the United States. The international trade creates a competition, and it promotes transfers of technology and it allows consumers and businesses have access to the best products that are worldwide. Without having the US government involved it could create major issues with trading where some people and or companies could end up breaking laws.

China has seen massive economic growth in the past few decades. Since its reopening in the 1970s, the country has begun trading and buying foreign currencies with western nations like the United States. When the housing crisis which began to unravel in 2007 really hit the American economy hard, China was more than happy to step in and put up funding to help keep the American economy, one of its biggest customers, in a delicate balance. Unfortunately, the American economy has been incredibly slow to recover from the last major recession. As such, it has increased its dependence on Chinese funding to back American debt.

Mostly, when we were trading with other countries, we wanted to find as many as possible and keep them to ourselves, away from the other countries wanting to trade. The U.S. did this because our country was expanding, and so was out economy. We mostly traded with China, which was flowing with products that the U.S. wanted and needed. In this time, the U.S. has traded more than ever. In William Howard Taft’s First Annual message, it states, “To-day, more than ever before, American capital is seeking investment in foreign countries, and American products are more and more seeking foreign markets.” This shows how we were in need of

These effective strategies helped Hong Kong overcome the financial crisis. All these facts fully demonstrated that China is a responsible big country. After the Asia financial crisis, the importance of China's economy has been brought into focus; China's neighboring countries have begun to recognize the influence of the Renminbi.

As every day passes China grows stronger in every aspect and eventually they will be knocking on America’s doorstep in each of those categories. Economically, China is closing rapidly, but even the sleeping giant as Napoleon Bonaparte called it, has its limits. To be blunt, China is resource hungry and who knows what their country will do next. With the level of nationalism that their people have, China could go in multiple directions. For example, let us look at both China attempting to exert control over the South China Sea and also with the Senkaku Islands. Both of these areas are becoming more and more hostile, which ultimately could lead to deadly military engagements. With that being said, Blij also proposes an argument that I have been pondering for a while and that is a potential cold war between the U.S.A. and China. On the outside it seems as if there is a potential collision course to that conclusion. However, Blij does offer an interesting solution to this possibility and it is one that I believe should be the strongest takeaway. Blij suggests that trade, scientific, cultural and educational links and exchanges can be the solution to this issue. After all, China is responsible for many of the essential aspects to our life. Therefore, the least we as Americans can do is learn the various geographical aspects that encircle

Although the United States’ trade with China seems beneficial, trade with China, a country which does not care for even its own people, might be a bad decision. The country of China has much lower standards for human rights, meaning that they also have little regard for the wellbeing of people from other countries. Furthermore, China does not permit freedom of speech for its citizens, who have little way of pronouncing their dissatisfaction over political or other matters. Finally, to a certain point, the Chinese people are restricted of their religious rights. Although the U.S. believes that trade with China is beneficial for both parties, commerce with China, whose government has low standards for human rights, particularly those

From January until October in 2010 imports from China to the United States this year were $299,026.0 million and only $72,276.2 million in exports to China, leaving a U.S. trade deficit of -226,749.8 million - this is according to the U.S Census Bureau U.S Foreign Trade Statistics. Here we can examine that Chinese

The U.S main trade allies are Canada, Mexico, China, Japan, Germany, South Korea, and France combing for a total of 180 billion dollars earned. But not only do we earn money by exporting, we spend money importing the U.S spent 388 billion dollars on imported oil. “We aren't addicted to oil, but our cars are”.James Woolsey..On other products such as forest products, cars, food, and footwear we spend about 124 billion dollars from china which is the most from a country. In 2013, the total U.S. trade deficit was $476.692 billion. This is because the imports of $2.76 trillion exceed its exports of $2.28 trillion (Amadeo, Kimberly). This also shows the economy is strengthening, because of the deficit is lower than in 2012, when it was $537.6 billion. Another big cause to the trade deficit is consumer products. The largest products are drugs, consumer electronics, clothing, household goods, and furniture. Vehicle and mechanical products are another category where the U.S. ran a trade deficit in 2013. They imported $294 billion worth of cars, trucks and auto parts, while only exporting $146 billion, causing a huge deficit of $148 billion (Amadeo,

Many products we use today are made in China. Trade between Australia and China has heightened in the last couple of years. China has one of the world’s largest economies. It has an increasing role in shaping the world economy, accounting for a third of the increase in the world’s gross domestic product and imports for the period 2000 to 2003 (The Economist 2004). It is also home to a population of 1.3 billion inhabitants, consuming a variety of goods from food items to luxury commodities, toys, clothing, gifts, most car parts and many more things Australia benefits from. For non-agricultural goods, Australian import tariffs are generally low. The most notable exceptions are on motor vehicles and textiles, clothing and footwear imports.

I agree with the author, because China’s economy has been closely integrated with the world economy, including the United States. On the one hand, it is impossible to destroy the Chinese economy while protecting the American economy and consumers. If a trade

The major goods and services traded between Mexico and the US are agricultural products and US exports of private commercial services. These to go major goods are imported and exported between US and Mexico. According to USTR.gov, "United States goods and private services with Mexico totaled an estimated $536 billion in 2012. Would exports totaled 243 billion! Imports totaled $293 billion. The total US goods and services trade deficit with Mexico was $49 billion into thousand and 12. "Since US and Mexico our neighboring countries, most of the important export come at a better value priced tag for consumers since shipping cost is much lower than other trading partners such as China and Europe. Trade in private services with Mexico (based

However, should we stay in the Reading, it is likely any tariff placed on Chinese steel will improve our profits as the price of steel in the US will likely rise. It is also important to note that the environmental situation in China is very bad, as they have some of the worst air and water pollution in the world. In China, the current environmental regulations have loopholes to work around their strict rules. With absence of regulations in the past and loopholes, China has represented the number one polluter in the entire world. If we were to move there we would just be contributing to this already bad

The United States and China share the most imbalanced bilateral trade relationship in the world. The United States imports more goods from China than it exports to a tune of $202 billion dollars each year. All told, China alone accounts for nearly 26% of the

In terms of geographical breakdown of imports, again the major trading partner is Asia accounting for around 66 per cent followed by Europe 17 per cent and USA 9 per cent. The import/export imbalance with respect to the USA is one of the reasons causing discomfort in Washington