What Happens When There Is a Surplus of Imports Brought Into the Us

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.

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

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

Many critics might argue that the United States government should not regulate imports more heavily because it is bad for the United States economy. According to (insert source), a year ago the United States gross domestic product was almost $15.7 trillion, as per the Bureau of Economic Analysis. This was the consequence of the expansion of around $2.18 trillion in fares and the subtraction of $2.75 trillion in imports. As an aftereffect of this, numerous make the

I think it also works to undo the notions that China was stealing away all our jobs in the apparel arena, because despite the complex protectionist measures taken, America still lost lots of jobs in the textile industry. The author points out that this is because of technology, and that when it really comes down to it, China is losing their textile jobs at a rate faster than the U.S. did (142). She also goes over some of the unintended consequences of the measures such as increased material costs as a result of the increased import barrier (142). She also suggests in this section as an alternative to erecting trade barriers, to instead compensate workers of the losing industries, known as the compensation principle (151). Lastly, with the lift of the measures and quotas by 2005, there will be a new surge in Chinese goods to America, as illustrated in figure 9.1, page 167. China’s percent increase after release from the quotas will measure some 900%.

Placing tariffs on imported products sounds like an easy fix but to me it isn’t quite that simple. We have to look at the needs of our people and by placing tariffs on imports it will because the pricing of these products to go up and some of us can’t afford for that to happen. The tariff won’t have any impact on making the products we make here cheaper it might have the opposite effect as materials needed to produce our products might be included within the tariff causing our products to increase in price, this wouldn’t be good for our lower income citizens. Instead

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

While the lash marks from whippings remain on their skins, the former slaves within Toni Morrison’s Beloved are scarred most by their mental trauma. While connecting to the community is used as part of the healing process, Morrison abolishes the concept that all communities are healing. Specifically, communities in which the relations of power are equal and members treated as ends in themselves are critical in overcoming adversity, while an imbalance of power, as well as seclusion, can incite the trauma from the beginning.

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 happens when there is a surplus of imports brought into the U.S.? Cite a specific example of a product with an import surplus, and the impact that has on the U.S. businesses and consumers involved. When there is a surplus of imports brought into the U.S. it means that the price of the product(s) will drop. U.S. companies that are competing with the Chinese made products will suffer from price drops of the goods. With consumers it will benefits the consumer with the lower price on goods. Large screen LCD/HDTV is a good example. Since the recession there has been a surplus of large screen HDTV. Not many people can afford or buy them since the prices were high. Now large screen LCD/HDTV is much cheaper than what it was 4 years ago.

With trade, a growing population, and the government not being able to pay for things came hyperinflation, simply a great depression. Although we are a leading economic nation right now, China’s economy is at an incredible pace and can and in many ways already has taken over ours. As Rome did, we often overextend our reach beyond the point of return on investment. We owe China lots of money to begin with from buying things from them, and also borrowing money. From what I understand, if China sells off our treasury yields, it will make our currency not worth as much. When our currency isn't worth as much it causes inflation, which can cause a major downfall.

Although tariffs usually cause domestic prices to increase they can have a positive effect on our economy and specifically our domestic producers of steel and their employees. The US trade policy has historically been protectionist in nature, and congress, the principle body of power for import policy, heavily favored domestic firms over their foreign competitors (Irwin 146). As a result, domestic steel producers have had tariffs and quotas in place for many years. An effective tariff raises revenue for our US government and can help to subsidize domestic production at the expense of foreign producers. This is good because the American government receives money from foreign exporters that it would not have otherwise had access to. This money can then be used in domestic government policies and could

In this scenario, the U.S. government has imposed these tariffs in order to make Chinese solar products relatively costly. This increased prices on these products will in turn reduce the demand for Chinese made solar products in the United States. Also, with the tariffs and reduced supply, this will increase the equilibrium price of solar products in the United States. These increased prices will allow for more U.S. producers to compete in the U.S. solar products market. With this type of activity, the government is hopeful that this will help U.S. domestic producers become more competitive. And, hopefully this will create more jobs for U.S. workers.

Throughout our nation’s history, various forms of executions (such as hanging, electrocution, crucifixion, drowning, beatings, stoning, lethal injections, along with many other methods) have taken place as punishments for those who have committed crime. Our nation should stop and ask ourselves, what is capital punishment? Capital punishment is simply defined as one person taking the life of another. It is deliberate manslaughter and first degree murder. The death of one human being by another is an act so profound that one cannot simply flip a switch, blink an eye, and have it all be over. The tragedy of a loss of life is as terrible as sanctioned killing is. There are many reasons why punishment

Animal Farm is like a satire as in the book, George Orwell talks and mocks the theme of the power of how absolute power corrupts absolutely. Orwell uses the animal to represent humans so that the concepts of communism can be shown throughout on the farm in the story. Communism is the concept where there is a classless society which is similar to Animalism in Animal Farm. As in Animal Farm, Animalism was taught by the pigs that all animals are equal. Orwell mocks the Russian Revolution using his story of Animal Farm in which both Revolution results in new leaders, but the same type of leaders.