Monday, April 21, 2008
China's Trade Status with the US
It seems as there is trouble in the the trade market with one of the biggest exporters in the world. President Bush White House Conference stated that M.F.N trade status with China will be extended for another year. Bush says that he would never take away M.F.N, which would only hurt the chinese people themselves. To express America's outrage at the tragedy of Tiananmen, Congress and my administration have placed sanctions against China. Bush says that it is America's best interest and the interest of the Chinese people to continue trading with China, not doing so would hurt the United States. If Bush and its cabinet proceed to the sanctions or the banning of Chinese goods, it would dramatically hurt the US economy. China buys around $6 billion a year of American goods. If you lose this market with China, many Americans will lose their jobs stretching all the way from the west coast to the east. Bush says that without M.F.N 4o% of costs from Chinese imports will turn into highher prices for American consumers. Bush's cabinet is not happy with the way things are being ran in Beijing, and Honk Kong will be the innocent victim that will lose plenty more in this sanctions and maybe even ban. 20,000 jobs and $10 billion could be lost in the free enterprise city of Honk Kong. In recent weeks the rest of China have shown steps that shows that they are concerned of the way things are going.
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I agree with Omar on this article, even though China has made some unqualified goods. But we can solve that problem by making China sign a compromise to make any export goods high qualify. In this problem, both the economy of China and United States will come to succeed. Our economy now is in trouble with high gas prices, losing jobs, company shut down, and many more. If the Unites States government decides to ban the trading with China our economy will become even worsen. Our government needs to find the way to improve the economy not to bring the economy to an end. As Omar mentioned, if the United States government bans world trading between China and United States, the United States economy will not be the only one who hurt, but China as well. China is the one of the biggest importing countries, and United States is one of the most consuming goods countries. Producing and consuming between these two countries are linked together. As Omar says: “China buys around $6 billion a year of American goods” this is a huge number of consume by China. And as we, the American people, all know that many goods, items sell in the market are made in China. I don’t see any reason why the United States government is going to ban the trading between China and the US. It will not help our economy become wealth and strong again. It will make both the economy in China and US become weakness. Higher price s’ goods will be seen in the market. We cannot afford any higher price goods because our gas price is high enough with our pocket.
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