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Reflection 1 AssignmentWorld Issue & Economics/Political PerspectivesAlgonquin CollegeSubmitted ByAbhik PaulSubmitted ToJaspreet Bhandal
International Economics, Geographical and Global Issues Reflection 1United States-China Trade WarThe United States and China although entered into a phase of interdependence, however, therise of political tensions between the countries continued even after the collapse of the SovietUnion [ CITATION Che95 \l 1033 ]. Although these two countries were no longer allies and thatled to circumstances on the world politics which gave rise in the political climate in US-Chinarelationship. In the early 1990s, China’s booming and rapid growth was achieved by massivereforms in economic which lead to threat for the United States [ CITATION Che14 \l 1033 ][ CITATION Roy96 \l 1033 ]. Recent NewsThe Guardian NewsUS president Donald Trump has increased the cost by simmering for USA-China trade war byimposing greater tariffs. He raised the ongoing import tariffs up to ten percent on certainChinese products and goods that are sold to the USA for 25 percent [ CITATION USC19 \l1033 ]. So that means goods imported from China will be levied on 25 percent for a further of$325 Billion worth of goods in future. China, on the other hand, retaliates [CITATION Chi18 \l1033 ] on tariffs where China imports goods worth $200 Billion but they made it tougher for theUS by increasing the present tariffs and restricting companies from the US to China by limitingon visa regulations. According to [ CITATION For19 \l 1033 ] Trump complained about the deficitin large trade with China to which he thinks or views as a negative impact on the USmanufacturing sectors. A deficit of $419.2 Billion has been presented where China imports tothe USA to about $539.5 billion compared to the other way around which is roughly around $120billion.

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Term
Fall
Professor
NoProfessor
Tags
International Trade, United States China Trade War

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