Author Question: Macroeconomics (Read 16 times)


  • Newbie
  • *
  • Posts: 6
on: Dec 4, 2019
We have discussed international trade a few times throughout this module.  Whether you realize it or not, increased tariffs and the potential for an all-out trade war with China has a big impact on all of us.  What are your thoughts on this issue?  Keep in mind, this is macroeconomics not political science.


  • Hero Member
  • Posts: 579
Reply #1 on: Dec 4, 2019
As Americans, we've become reliant on the goods produced in China. Having things produced in China and abroad allows for US customers to afford what would be otherwise expensive had it been made in America. From a consumer's standpoint, it's best that we avoid a trade war, because if one were to occur, prices of items produced there would skyrocket initially, thereby increasing the cost of living. Eventually, the prices would equalize once the government forms new relationships with other countries and plants are built elsewhere. In addition, our reliance on China has given their country an upper hand on Americans. They could easily start to trade unfairly and blackmail us in the process due to this dependency. This is why from a government's standpoint, an agreement - as opposed to a trade war - is probably the best alternative. USA wants to modify their past agreements so that fair policies can be set into places for years to come. Of course, China has gotten comfortable doing business with the USA, and are more likely to decline any modifications made to pre-existing treaties regarding trade.

Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

Did you know?

In the ancient and medieval periods, dysentery killed about ? of all babies before they reach 12 months of age. The disease was transferred through contaminated drinking water, because there was no way to adequately dispose of sewage, which contaminated the water.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates's recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

There are actually 60 minerals, 16 vitamins, 12 essential amino acids, and three essential fatty acids that your body needs every day.

Did you know?

Alcohol acts as a diuretic. Eight ounces of water is needed to metabolize just 1 ounce of alcohol.

Did you know?

The senior population grows every year. Seniors older than 65 years of age now comprise more than 13% of the total population. However, women outlive men. In the 85-and-over age group, there are only 45 men to every 100 women.

For a complete list of videos, visit our video library