Open Always
Email: support@globalcompose.com Call Now! +1-315 515-4588
Open Always
Email: support@globalcompose.com Call Now! +1-315 515-4588

Article Review Sample Paper on Averting a Chinese-American Trade War

This sample paper on (Article Review Sample Paper on Averting a Chinese-American Trade War) was uploaded by one our contributors and does not necessarily reflect how our professionals write our papers. If you would like this paper removed from our website, please contact us via our Contact Us Page.

A Database of over Million Scholarly Resources. Start your Search Now

Article Review Sample Paper on Averting a Chinese-American Trade War

Article Review Sample Paper on Averting a Chinese-American Trade War

Trade between America and China can be a significant reference to aspects of the global economy. Currently, various factors have affected the global economy and nations’ trade operations are being predetermined by the economic conditions set in motion. The article “Averting a Chinese-American Trade War” provides a great reference to the economic conditions that currently exist within the international trade. Bilateral trade relationships are in trouble because of the strong urge by the governments to reduce trade deficits. The trade relationship between America and China is under tension following the Trumps promise to reduce the trade deficit. Whether strong trade tariffs are applied, or a bargain is undertaken, reduction of importation of Chinese goods by the US means a reduction of trade activities and consequently reduced revenues on both sides, and every other country dealing with US or China will be indirectly affected.

From the article, it is clear that international trade has greatly contributed to nations reduced GDP. This is because trade deficits tend to increase as foreign trade intensifies. American total deficit from its trade activities has increased from a quarter to two third over the past five years which is seen as a drag on American’s economy (Shanghai 1). This is because trade deficits imply increased current consumption and increased indebtedness which are linked by most people as a burden to economic growth (McGraw 15). Another economic condition is increased bills within the various sectors of the economy like healthcare, and high tariffs countries are putting on imported goods which is limiting their merchants from having the ability to sell more to foreign countries. Big deficit accompanies fast growth. For example, from 2002-2007, US economy grew rapidly as compared to its trading partners, and this enabled Americans to increase their demand for imports (McGraw 15). Trade deficit should therefore not be closed through limiting imports because that will be preventing the growth of international trade. The deficit should be closed by selling more goods abroad. Tariffs and bills make it expensive for American to buy goods abroad (McGraw 27). Most American industries depend on products from China and if they are restricted, they will fail to get enough revenues which enables them produce more goods for export

International trade is important because countries can get products from abroad at cheaper prices than producing them themselves. Americans buy many products from China together with setting their factories there to take advantage of low cost of production. This is same to any other country with similar activities in its foreign trade operation. According to McGraw (11), this is a comparative advantage which drives international trade whenever one country has a certain advantage over another regarding either endowment or production. McGraw further assets that China has abundant labor supply, one of the reasons contributing to low cost of production. If for example, America decided to bring the factories back home, prices would hike and consequently inflation and its adverse effects which are undesirable. Consumption would decline simultaneously as prices will be too high than the consumers are willing to pay.

 McGraw (21) provides that countries somehow benefit from foreign trade and in order to promote efficiency and competition, nations should build relationships that prevent disagreements and trade wars. This should be applied to all nations facing difficulties with foreign trade. It will welcome competition as healthy rather than destructive.  American and China should see this and agree on a long term bilateral investment treaty and avoid creating a disagreement that will certainly destroy their bilateral trade relationship and eventually negatively affect their economies.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Works Cited

Shanghai . “Averting a Chinese-American trade war” The Economist, 30th March 2017, www.economist.com/news/briefing/21719772-worlds-most-important-bilateral-economic-relationship-flourishingand-deep?zid=306&ah=1b164dbd43b0cb27ba0d4c3b12a5e227.

 McGraw. Chapter 20 and 21. Power point Presentation. Hill Education

Sharing is: CARING

Are you looking for homework writing help? Click on Order Now button below to Submit your assignment details.

Homework Writing Help
We Can Help you with this Assignment right now!
Article Review Sample Paper on Averting a Chinese-American Trade War

Are you looking for homework writing help on (Article Review Sample Paper on Averting a Chinese-American Trade War)? Well, you can either use the sample paper provided to write your paper or you could contact us today for an original  paper. If you are looking for an assignment to submit, then click on ORDER NOW button or contact us today. Our Professiona Writers will be glad to write your paper from scratch.

We ensure that assignment instructions are followed, the paper is written from scratch. If you are not satisfied by our service, you can either request for refund or unlimited revisions for your order at absolutely no extra pay. Once the writer has completed your paper, the editors check your paper for any grammar/formatting/plagiarism mistakes, then the final paper is sent to your email.

Privacy| Confidentiality

Article Review Sample Paper on Averting a Chinese-American Trade War

We do not share your personal information with any company or person. We have also ensured that the ordering process is secure; you can check the security feature in the browser. For confidentiality purposes, all papers are sent to your personal email. If you have any questions, contact us any time via email, live chat or our phone number.

Our Clients Testimonials

  • I appreciate help on the assignment. It was hard for me but am good to go now

    Impact of pollution on Environment
  • Am happy now having completed the very difficult assignment

    Creative Message Strategies
  • Your writer did a fine job on the revisions. The paper is now ok

    Ethics: Theory and Practice
  • The paper was so involving but am happy it is done. Will reach you with more assignments

    Title: Privatization in or of America
  • I expected perfection in terms of grammar and I am happy. Lecturer is always on our head but was pleased with my paper. Once again, thanks a lot

    Title: Bundaberg Inquiry
  • The paper looks perfect now, thank to the writer

    Health Care Systems
  • You helped me complete several other tasks as you handled paper. wonna thank you

    Critique Paper on Political Change

Related Articles

Article Review Sample Paper on Averting a Chinese-American Trade War

Get more from us…

Would you like this sample paper to be sent to your email or would you like to receive weekly articles on how to write your assignments? You can simply send us your request on how to write your paper and we will email you a free guide within 24-36 hours. Kindly subscribe below!

Email Address: support@globalcompose.com