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Showing posts from March, 2019

Trump Administration Challenges With Cutting the China Trade Deficit

To: American Foreign Policy Class From: Group 4 Date: 3/23/2019 RE: Why Can’t Trump Cut the Trade Deficit With China Executive Summary: China in the past few decades has emerged as the world’s largest exporter and the United States’ second-largest trading partner. Trade with China has led to the loss of American manufacturing jobs, reduced real wages for semi-skilled workers, and devastated some communities dependent on low-end manufacturing jobs. Some have estimated that China’s reform and opening up explained 25 percent of the decline in American manufacturing jobs between 1991 and 2007, and 40 percent of the loss after 2000. Through President Trump's term, he has challenged China in hopes of creating stronger American influence, while cutting back on the wide trade deficit that exists between rival nations. However, through this attempt, there have sprung major issues, which affect both the United States and China, only proving to hurt both economies in the long-run...