China–United States trade war. Mathematics & Economics Essay
On May 10, 2019, President Trump made a Twitter post regarding America's tariff policy on products from China. President Donald Trump and Vice Premier Liu He signed the Phase One Trade Deal in January 2020. US-China trade war timeline is as follows. You can find the details from the link https://multimedia(dot)scmp(dot)com/widgets/vert_timeline/?id=tradewarannv, (Links to an external site.)
Why does the U.S. choose to trade with China? Why did President Trump start the trade war with China? How does this American trade policy affect the American market & the Chinese market? Who benefits, who lost? You could discuss it at the country level or individual level (producers or consumers)
Tips: You can either discuss it using the model we went thought in class, or you can take the specific product as an example to support your ideas about it. All opinions are welcome.
Please using the model to answer those questions. Thank you
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Impacts of the USA and China trade wars on consumers
Trade wars have become common between the USA and China since they decided to start there an economic relationship in 1979. One will then ask themselves why the US chooses to trade with china amidst the trade wars and the many other options available. The answer is the many employments opportunities created by Chinese companies, sales of their products, and imports. The USA also benefits from china purchasing from them and their fast a growing manufacturing economy and supply chain. One would then ask how the trade wars affect the common consumer like you and me.
President triumph started a trade war with china because he felt that they had unfair trading practices. By imposing the high tariffs, the USA expects China to change them for better or renegotiate the terms and hopes to encourage its consumers to switch to local products. The trade policy that has seen retaliation from both countrie...
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