Global Economics USA And China Trade War Assignment Help Four essays, each one 2 pages, total 8 pages. Try your best similar to my example essay (content, vocabulary, grammar)No references, just own idea.Thank you very much. Very appreciate it. Example essay:
US steel tariffs of 2018
Read the following articles and write a 2-3 page essay on the 2018 US
steel tariffs. The discussion should focus on the tariffs’ impact on
the US producers, consumers and employment, as well as the reactions
from countries targeted by the tariffs.
https://www.nytimes.com/2018/05/31/us/politics/trump-aluminum-steel-tariffs.html
https://money.cnn.com/2018/08/02/news/companies/us-steel-earningstariffs/index.html
https://money.cnn.com/2018/05/31/news/economy/aluminum-steel-tariffimpact/index.html
https://www.npr.org/2018/08/10/637206257/from-mills-to-manufacturers-steel-tariffsproduce-winners-and-losers
The Impact of 2018 US Steel Tariffs.
Tariffs as the one of most significant way is to protect country’s benefit within
the international trade. Although the tariffs on manufactured products are declined
after WWII, most countries are still putting high tariffs on agricultural commodities.
Recently, the United States unusually increased 25% steel and 10% aluminum import
tariffs for Europe and Canada. This new tariff policy caused some people become
winner and some not. In present Trump’s view, this new policy really protects US
manufacture and increased government revenue; however, it still caused some
controversial problems in global market.
First, US steel producers gains profits after the steel tariffs increased. As we
know, the price is one of important part of competitiveness in modern manufacturing.
Especially in Steel manufacturing, most countries have same productivity since it
does not include too much high technology. When two factories have almost the same
productivity in producing steel, the price is becoming a determining factor for
consumers. After the US increased the steel tariffs, domestic consumers would like to
buy US steel instead of import steel, since the foreign steel have higher price but in
same quality. Therefore, the term of trade in US will grow and the price of steel in
domestic market will also raise. In results, the US steel producers will get huge
benefits in the steel import tariffs.
Second, the US consumers may be affected by the steel tariffs in other areas.
For example, the steel and aluminum are the fundamental martials for many
infrastructure products. The increase of steel and aluminum import tariffs will
absolutely increase the cost of those products. Even though US infrastructure
manufacturer can buy steel and aluminum from domestic producers instead of foreign
imports, they still need to face the increasing price of domestic steel since domestic
producers do not worry about the competition of low cost of steel and aluminum
import. There is another serious problem for United States, since the huge demand of
steel and aluminum in US market, the domestic factories cannot supply enough steel
and aluminum in short time; therefore, some new factories are urgently constructing.
Meantime, the leak of steel and aluminum supply caused the cost of cars increased
which affects the consumers’ benefits in short time. Furthermore, some small
companies have to be shut down in United States because they cannot afford high cost
of steel or aluminum as the raw materials for their products. In order to deal with the
US steel import tariffs, foreign countries are going to increase US products import
tariffs which will cause US product to facing export decline. For instance, some
countries will increase the US agriculture import tariffs. It is obviously that the US
agriculture exports will decrease, and farmers’ real income will drop too. As a large
agriculture country, the US will suffer more economic loss compare to the profits
from steel import tariffs.
Third, the employment rate will generally decline in the future. Although the
US steel factories will need to hire more workers in order to satisfy the amount of
steel demand in short time, the steal manufacturing can not provide economic benefits
contrast to service and technology industries. In addition, the increasing of foreign
countries import tariffs will also cause the unemployment in agriculture or other areas
in US.
In conclusion, the effects of increasing tariffs in big or small countries are
different. For United States, the large nation imposes an import tariffs usually causes
higher domestic price for this commodity, and consumers surplus will drop. Although,
the US government revenue will gain after imposed this import tariffs, the US
consumers won’t get benefits in long run, and same in global market.
Essay 1:
NAFTA, U.S. Farm Subsidies, and Displaced Mexico Farmers
Read the following articles and write a 2-3 page essay on how NAFTA, together with the
US farm subsidies, affected Mexico farmers. The discussion should focus on the prices of
the heavily subsidized farm products and farm incoming in Mexico, and Mexican
farmers’ decision on (legal and illegal) immigration to the US.
https://money.cnn.com/2017/02/09/news/economy/nafta-farming-mexico-us-corn-jobs/in
dex.html
https://www.citizen.org/sites/default/files/nafta_factsheet_mexico_legacy_march_2018_fi
nal.pdf
https://www.nytimes.com/roomfordebate/2013/11/24/what-weve-learned-from-nafta/unde
r-nafta-mexico-suffered-and-the-united-states-felt-its-pain
Essay 2:
US-China Trade Imbalance
Read the following articles and write a 2-3 page essay on the US trade deficit with China.
The essay should cover the following issues.
1.
Summarize the trend of the bilateral trade imbalance in recent years. Notice the
role of multinationals and global supply chains in the US-China trade. This helps explain
how the official statistics on US-China trade deficit could be overstated.
2.
Discuss the major factors that contribute to the trade imbalance.
3.
Discuss the concerns in the US over the large and growing bilateral trade deficit,
and the options to reduce the deficit.
https://www.census.gov/foreign-trade/balance/c5700.html
https://www.thebalance.com/trade-deficit-by-county-3306264
Don't use plagiarized sources. Get Your Custom Essay onGlobal Economics USA And China Trade War Assignment Help Four essays, each one 2 pages, total 8 pages. Try your best similar to my example essay (content,Get an essay WRITTEN FOR YOU, Plagiarism free, and by an EXPERT!
https://www.businessinsider.com/china-us-trade-deficit-could-be-misleading-2018-6
https://www.cfr.org/backgrounder/us-trade-deficit-how-much-does-it-matter
https://www.thebalance.com/u-s-china-trade-deficit-causes-effects-and-solutions-330627
7
https://www.theatlantic.com/business/archive/2016/12/trump-trade-deficit/509912/
Essay 3:
2018 Turkish Currency and Debt Crisis
Read the following articles and write a 2-3 page essay on the 2018 Turkish currency and
debt crisis.
https://www.cnbc.com/2018/08/13/turkey-crisis-economy-faces-weak-lira-inflation-debt-a
nd-tariffs.html
https://www.cnbc.com/2018/08/13/what-happens-in-turkey-wont-stay-in-turkey-why-thisdebt-crisis-co.html
https://www.businessinsider.com/turkish-interest-rates-lira-2018-9
https://www.bloomberg.com/news/features/2018-12-09/how-turkey-created-a-debt-crisis
The US dollar and Turkish lira exchange rate can be found at
https://www.xe.com/currencycharts/?from=USD&to=TRY&view=10Y
The lira interest rate (repo auction rate) can be found at
https://tradingeconomics.com/turkey/interest-rate
The essay should cover the following aspects of the crisis.
1.
Provide a brief background of the crisis, for example, the characteristics of
Turkey’s economy, major domestic economic and political factors leading up to the crisis,
as well as changes in the global political, economic and financial conditions that have
contributed to the crisis. For global factors, search Pastor Andrew Brunson and the US
steel and aluminum tariffs on Turkey.
2.
Discuss Turkey’s experience during the crisis, such as devaluation of the Turkish
lira, default on or restructuring of foreign debt, inflation, trade, foreign investment,
bankruptcy, etc.
3.
Discuss the actions of the Turkish government, especially its central bank, during
the crisis and their effectiveness in stabilizing the lira-dollar exchange rate.
Essay 4:
US-China Trade War
Read the following articles and write a 2-3 page essay on the US-China
trade war that started in 2018.
1.
Provide a brief outline the US-China trade war. Half a page is sufficient.
2.
A trade deal is being negotiated between the two countries. Summarize the key
demands of the US and the proposed solutions from China.
3.
Discuss the economic impact of the trade war on the US and China.
https://www.bbc.com/news/business-45899310
https://www.china-briefing.com/news/the-us-china-trade-war-a-timeline/
https://fas.org/sgp/crs/row/IF10030.pdf
https://www.washingtonpost.com/business/how-the-us-china-trade-warreached-a-turning
-point/2019/03/29/a0bb6bb2-51fd-11e9-bdb7-44f948cc0605_story.html?noredirect=on&
utm_term=.64e189f40f72
https://www.bloomberg.com/news/articles/2019-02-28/china-trade-war-cost-tops-40-billio
n-in-lost-u-s-exports
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