Finance Paper

businesses importing manufacturing items it is sending a strong signal to the U.S. worker that the value is put on lower wage rather than the domestic skills and investing in the U.S. economy. Even though we are discussing the manufacturing of trade there are other areas that are affected in our daily lives such as social, political, environmental to name a few. There is a need for balance so everyone has a fair-trading field and not have one country dominate over the smaller or weaker country. A perfect scenario is when U.S. Senator Steve Daines brought forth the “Obama administration's decision to increase the costs of production for Montana companies by excluding many Generalized System of Preferences countries from duty relief on exports of backpacks, luggage and other related travel goods.” (Daines. S., 2016). For there to be a fair-trading field all countries need to be on equal ground which presents a chance for becoming

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

When a surplus of imports is brought into the US, American businesses can suffer due to increased foreign competition. A product in which there is an import surplus is oil. The Wall Street Journal in August 2011 predicted the US would experience an oil surplus. (Herron, J., 2011) Because the US had continued to import at the same levels and domestically produce at the same level, the U. S.has a surplus of oil stored. Since the article was published in late summer 2011, the US has experienced the surplus and has since decreased the amount of imported and domestically produced oil. One would expect that having a surplus of oil; consumers would benefit with lower prices of petroleum based products. As we all experience when we go to the gas pump; this is simply not the case. While this process has many more components to it, the base of it is that a surplus of an import can cause business and domestic consumers to suffer.

than hurting their economies. The ban on trade only hurt the Chinese by having a lack

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,

What is the analogous for-profit statement called? What are the main sections of the statement of operations?

The current law that controls the export of goods from a U.S. manufacturer to a foreign buyer also controls the re-export of those goods beyond the boundaries of the country of the original foreign buyer.

When there is a surplus of imports brought into the United States it means that the price of the products will drop. Companies in the United States are competing with the Chinese made products will suffer from price drops on goods. Lower prices on goods will benefit consumers. Large screen Liquid Crystal Display (LCD) and High Definition Television (HDTV) is a good example. Because of the recession there has been a surplus of large screen LCD and HDTV. Not many people can afford or buy them with the high prices. Large screen LCD/HDTV is much cheaper than what it was four years ago.

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

Our president strikes again when it comes to importing and exporting goods to/from the United States. In a news article I found they talked about President Trumps and a potential trade war with China and what it may look like. A trade war would mean abandoning an institution that recognizes that countries are stronger when they work together. President Trump action might possible start a trade war with China according to a statement from economist.com when they stated “Mr. Trump might, with some justification, accuse China of boosting its economy with subsidies and flooding some American markets with cheap imports”.

Although the Chinese apparel manufacturers would lose profitability due to rising cotton prices and competition from emerging countries, they stand to gain the most from the removal of U.S. quotas and tariffs. According to the author, in 2007, 95% of the 20 billion garments Americans made were purchased overseas. Due to U.S. trade barriers, China’s share of the U.S. apparel import was only 30%. Once these barriers were removed, Chinese apparel would flood the American market due to their low cost and dominance in garment manufacturing. Experts predict that China could eventually supply 85% of U.S. apparel. As they increase their market share in the

Relationships with China have proved profitable for some major U.S. corporations. One of the reasons that the U.S. has become so dependent

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

For the U.S. and WTO to condemn China for trying to keep their economic structure afloat would be hypocritical and unjust.

A surplus of imports is good for consumers but bad for local business. We have to produce and manufacture in order to export. As our export trade shrinks, so does our workforce and economy. The surplus of imported cars for 2012 has exceeded the exportation by $152 billion. Also the shelf life of cars is 1 year. Every year at the end of the cycle the existing models are sold off at huge discounts to make room for the new models, which is good for the consumer.