HIRE A WRITER!
Paper Types
Disciplines

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

Locus of Control for Positive and Negative Outcomes, Research Paper Example

“Locus of control is an individual’s belief system regarding the causes of his or her experiences and the factors to which that person attributes success [...]

Pages: 1

Words: 389

Research Paper

Children Privacy Protection on the Internet, Research Paper Example

Regarding online privacy protection for children, we see that not many countries have clear specific regulations addressing this subject matter.  In this section we will [...]

Pages: 1

Words: 2181

Research Paper

Testosterone Replacement, Research Paper Example

Testosterone Replacement of Resistance Exercise in HIV-Infected Men with Weight Loss and Low Testosterone Levels The study measured the effectiveness of testosterone replacement of resistance [...]

Pages: 1

Words: 1066

Research Paper

Trimethylaminuria Syndrome, Research Paper Example

Trimethylaminuria is a disorder that is not so common to many people. In the past there have been little information regarding this disorder. People who [...]

Pages: 1

Words: 1439

Research Paper

Native Americans and Diabetes, Research Paper Example

Introduction Diabetes is a very serious disease caused by the inability by the body to respond to or to produce insulin. Insulin is a hormone [...]

Pages: 1

Words: 1851

Research Paper

The Effects of Sexual Abuse, Research Paper Example

The vulnerability of children makes them the most common targets of sexual abusers. In the U.S., it has become a significant issue regarding public health. [...]

Pages: 1

Words: 3508

Research Paper

Locus of Control for Positive and Negative Outcomes, Research Paper Example

“Locus of control is an individual’s belief system regarding the causes of his or her experiences and the factors to which that person attributes success [...]

Pages: 1

Words: 389

Research Paper

Children Privacy Protection on the Internet, Research Paper Example

Regarding online privacy protection for children, we see that not many countries have clear specific regulations addressing this subject matter.  In this section we will [...]

Pages: 1

Words: 2181

Research Paper

Testosterone Replacement, Research Paper Example

Testosterone Replacement of Resistance Exercise in HIV-Infected Men with Weight Loss and Low Testosterone Levels The study measured the effectiveness of testosterone replacement of resistance [...]

Pages: 1

Words: 1066

Research Paper

Trimethylaminuria Syndrome, Research Paper Example

Trimethylaminuria is a disorder that is not so common to many people. In the past there have been little information regarding this disorder. People who [...]

Pages: 1

Words: 1439

Research Paper

Native Americans and Diabetes, Research Paper Example

Introduction Diabetes is a very serious disease caused by the inability by the body to respond to or to produce insulin. Insulin is a hormone [...]

Pages: 1

Words: 1851

Research Paper

The Effects of Sexual Abuse, Research Paper Example

The vulnerability of children makes them the most common targets of sexual abusers. In the U.S., it has become a significant issue regarding public health. [...]

Pages: 1

Words: 3508

Research Paper