Back to School Offer

Get 20% of Your First Order amount back in Reward Credits!

Get 20% of Your First Orderback in Rewards

All papers examples
Get a Free E-Book! ($50 Value)
HIRE A WRITER!
Paper Types
Disciplines
Get a Free E-Book! ($50 Value)

China Journal Entry, Research Paper Example

Pages: 1

Words: 342

Research Paper

China

There is currently a bill circulating in congress that would impose substantial tariffs on Chinese manufactured goods if the Chinese government refuses to allow further appreciation of the Renminbi (the Chinese currency). Under the proposed legislation, the United States could erect trade sanctions against Chinese goods if the US Treasury found that a country’s currency was “undervalued” compared to the US dollar (New York Times, October 3, 2011). The bill is a political response to a (contentious) consensus regarding the undervaluation of China’s currency and its adverse impact on American manufacturing jobs.

There are no explicit implications for these action vis-à-vis \bilateral trade agreements with China. This is because the United States and China are both members of the World Trade Organization (WTO) – an international administrative body created in 1995 to adjudicate over trade disputes. The current bill being contemplated in Congress is likely not WTO compliant: That is, under existing WTO regulations the United States cannotunilaterally erect trade barriers without WTO approval; in addition, currency manipulation is not covered by the WTO’s regulatory mandate. Legal ramifications aside, the bill would likely have a corrosive effect on already contentious diplomatic relations between the US and China. In particular, the Chinese government has pledged to erect retaliatory barriers against United States produced goods, potentially leading to a trade war if the US Congress passes the bill.

Although many in the business community think trade sanctions will be a net plus for American manufacturers, the bill’s impact is not likely that simple.  Due to the complex nature of current supply chain management, many US businesses depend on capital and intermediate goods produced in China in order to manufacture goods.  Thus, while some manufacturing firms will inevitably profit via a gain in competitiveness, those that depend on Chinese suppliers will face higher prices and delays in production.  The American consumer will also likely suffer: The tariffs will raise the price on goods they buy on a daily basis.

Reference

Steinhauer, J. & Landler, M. (October 3, 2011).  US senate backs China trade moves.  New York Times. 

Time is precious

Time is precious

don’t waste it!

Get instant essay
writing help!
Get instant essay writing help!
Plagiarism-free guarantee

Plagiarism-free
guarantee

Privacy guarantee

Privacy
guarantee

Secure checkout

Secure
checkout

Money back guarantee

Money back
guarantee

Related Research Paper Samples & Examples

Analysis of Americans With Disabilities Act, Research Paper Example

Introduction Legislators in Congress created and approved the Americans with Disabilities Act (ADA) in 1990, making it a part of US law. This policy aimed [...]

Pages: 11

Words: 3147

Research Paper

Polygamy Practise vs the Nepal Polygamy (Polyandry) Practise, Research Paper Example

Polygamy is referred to as the act of marrying multiple spouses at the same time. The word “polygamy” comes from the Greek for “many marriages.” [...]

Pages: 15

Words: 4227

Research Paper

Mealworms Experiment, Research Paper Example

Mealworms Experiment Conducted by Student at the External University Campus Science Labs Introduction According to Saud and Paudel (2018), pollution is one of the major [...]

Pages: 6

Words: 1567

Research Paper

Exegesis Psalm 1:1-6, Research Paper Example

God’s law on life is central in Psalms, as the author describes a life worth living. The book uses poetic formats to present an eloquent [...]

Pages: 4

Words: 1198

Research Paper

The Impact of Cyber Safety, Research Paper Example

The Impact of Cyber Safety on Educational Outcomes of Secondary School Students Introduction Rationale The internet enables students to access information anytime, anywhere, 24 hours [...]

Pages: 7

Words: 2038

Research Paper

Application of RFID Technology in Reverse Logistics, Research Paper Example

Background/ Introduction Reverse logistics is one of the most challenging aspects of the supply chain. While forward logistics is usually an orderly process, reverse logistics [...]

Pages: 1

Words: 353

Research Paper

Analysis of Americans With Disabilities Act, Research Paper Example

Introduction Legislators in Congress created and approved the Americans with Disabilities Act (ADA) in 1990, making it a part of US law. This policy aimed [...]

Pages: 11

Words: 3147

Research Paper

Polygamy Practise vs the Nepal Polygamy (Polyandry) Practise, Research Paper Example

Polygamy is referred to as the act of marrying multiple spouses at the same time. The word “polygamy” comes from the Greek for “many marriages.” [...]

Pages: 15

Words: 4227

Research Paper

Mealworms Experiment, Research Paper Example

Mealworms Experiment Conducted by Student at the External University Campus Science Labs Introduction According to Saud and Paudel (2018), pollution is one of the major [...]

Pages: 6

Words: 1567

Research Paper

Exegesis Psalm 1:1-6, Research Paper Example

God’s law on life is central in Psalms, as the author describes a life worth living. The book uses poetic formats to present an eloquent [...]

Pages: 4

Words: 1198

Research Paper

The Impact of Cyber Safety, Research Paper Example

The Impact of Cyber Safety on Educational Outcomes of Secondary School Students Introduction Rationale The internet enables students to access information anytime, anywhere, 24 hours [...]

Pages: 7

Words: 2038

Research Paper

Application of RFID Technology in Reverse Logistics, Research Paper Example

Background/ Introduction Reverse logistics is one of the most challenging aspects of the supply chain. While forward logistics is usually an orderly process, reverse logistics [...]

Pages: 1

Words: 353

Research Paper

Get a Free E-Book ($50 in value)

Get a Free E-Book

How To Write The Best Essay Ever!

How To Write The Best Essay Ever!