Essay about The U.S. - China Trade Imbalance, Blame for Who?

Essay about The U.S. - China Trade Imbalance, Blame for Who?

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“Made in China” is a label we can find nearly every product in the U.S. consumer market, furthermore the world market. The products that are made-in-China replaced the made-in U.S.A. gradually and nowadays it is hard to find the products which are not made in China, anywhere in the world. The biggest supporter of the growth in Chinese economy and the National power is the U.S unintentionally. China was able to take over world’s processing industry because America was the one gave up the industry. It allowed China to become the world number one merchandise manufacturer. Along with the growth in economy, the China’s national power has gotten bigger. Now it is undeniable fact that China is one of the world’s economic leaders as well as the United States of America. Though, as the process of Chinese economic and national power grow, an intricate conflict with America has begun; as a root of trade imbalance. The trade deficit with China caused economic depression in the States and the citizens blamed China for all the accompanied issues. Nonetheless, China did not stir up the economic, racial and politic issues that America faced.

According to the U.S. Department of Commerce, in January of this year American imported $ 38,187 million and exported $ 10,357 million already made $27, 839 deficit in 2014. The total trade deficit was $318,417 million in 2013, when it was $226,877million in 2009 and $ 162,254 million in 2005. The imbalance has been rising every year henceforth China became the member of the World Trade Organization (WTO) in 2001, the Chinese economy was growing by 18% each year while America was below 3%. Confronting the trade imbalance with a developing country is not the first-time experience for the U.S. As a precedent,...

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...verywhere." Atlantic Cities . 27 011 2012: n. page. Print. .
Robert, Scott. "The China Toll." Economic Policy Institution. (2012): n. page. Web. 23 Mar. 2014. .
Roya , Woverson, and Alessi Chirstopher. "Confronting U.S-China Economic Imbalances." Council on Foreign Relations. (2011): n. page. Web. 23 Mar. 2014. .
"the 2009 Pittsburgh summits." . G20. Web. 23 Mar 2014. .
Zhong , Shan. "U.S.-China Trade Is Win-Win Game."Embassy of the Poeple's Republic of China in the United State of America. n. page. Web. 23 Mar. 2014. .

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