China

 

China  is the United States second biggest trading partner, with trade for  the year 2010 amounting to $459 billion. However, China’s exports  to US exceed their import by a massive $273 billion, effectively  making this relationship exceptionally unhealthy.

China’s  arrival as major economic player has been privately attributed to its  policy of distorting its financial policies, their refusal to float  their currency in the open market, their selective adherence to World  Trade Organization policies, their policy of subsidizing national  enterprises to fight off foreign competition and their sometimes-open  disregard to Intellectual Property Rights.

Set  against the unhealthy US economy, unemployment and public debts, many  are of the opinion that China must be pressured to conform to  international trade policies. However, China is the biggest foreign  lender in US, as well as the biggest subscriber of US Government  bonds. Couple that with the dependence of the local American economy  on cheap Chinese imports, there is a fear that playing hard ball with  China might bounce back on us tenfold, severely crippling the  national economy in the process. However, on the other side, keeping  mum on the matter might prolong the sickness of our economy and may  even be a contributing factor in its permanent death, as hard as it  is to believe.

 

‚Äʬ†I think that we should tax all imports from China 25%.¬† That would encourage buying American and balance out the trade deficit.

‚ÄĘ We have to be nice to each other and deal with each other on several issues. It‚Äôs not up to them or us to try to change each other.

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