U.S. Free Trade With China Essay

2822 words - 11 pages

U.S. Free Trade with China

Sino-American relations have always been characterized as complex and
tumultuous. Presently, the United States must reach a decision that would drastically
affect the politics, environments, militaries, technology, and most importantly the
economies of both nations. This problem the United States must face is whether it ought
to allow China's entry into the World Trade Organization. There is much hesitation in
taking such steps as American protectionists are weary of a nation whose expanding
economy could further "Chinese influence in American politics as a result of Donorgate;
continued doubts about Beijing's dismal human rights record; and worries about the U.S.
trade imbalance with China- $40 billion and growing." (Shribman 44) Yet there are also
many benefits to free trade which outweigh the negative. Sino-American free trade will
boost US sales to the world's most populous nation, while building diplomatic relations,
and ultimately liberalizing China both politically and socially. (Christian Science Monitor
China, a country in East Asia, is the world's third largest country by area
(after Russia and Canada) and the largest by population. China's most populous city is
its capital, Beijing. Officially People's Republic of China, it is bounded on the north by
the Republic of Mongolia and Russia; on the northeast by Russia and North Korea; on
the east by the Yellow Sea and the East China Sea; on the south by the South China Sea,
Vietnam, Laos, Burma (Myanmar), India, Bhutan, and Nepal; on the west by Pakistan,
Afghanistan, and Tajikistan; and on the northwest by Kyrgyzstan and Kazakhstan. China
includes more than 3400 offshore islands, of which Hainan, in the South China Sea, is by
far the largest. The total area of China is about 9,571,300 sq. km (about 3,695,000 sq.
mi.), not including Nationalist China, known officially as the Republic of China
(Butler/Encarta 1996)
The formation of the Chinese Weltanschauung (world view) can be
explained, in part, by the historical and political evolution of China as it emerged from
semi-colonial subservience. At the beginning of the twentieth century, China was a
weak and divided country under the corrupt rule of the Manchu dynasty. Exploited by
the so-called "open door," China had been subjected to the degradation of imperialism
and the spheres of influence imposed by the major Western powers, including Japan. As
a consequence of foreign economic penetration and intervention, one of the main
currents of Chinese political thought that emerged was a distinct xenophobia that
resented any foreign involvement in Chinese affairs. Not only were foreign values and
culture rejected, but this was paralleled by a reaffirmation of Chinese nationalism. The
various strains of political thought that combined to form the ideological fabric of the
PRC cannot be fully understood without first examining the historical background that

Find Another Essay On U.S. Free Trade with China

Analyzing Canadian Energy Trade Policy Through Two Lenses

650 words - 3 pages financial crisis is not a turning point to shift Canada’s energy free trade regime. Canada does not need to rescue its currency by sign any energy contracts with China. Furthermore, Canada does not need to give up its own geographical advantage of trading with world largest energy consumer U.S instead of China. Third, the way of China’s NOCs trade style is not fit for current Canada free trade regime.

Interdependence Liberalism on Sino- U.S. Relationship

2157 words - 9 pages . Furthermore, the peaceful way is used to solve the trade friction such as settle disputes by negotiation through WTO, dialogue or adjustment in policy. It is because trading promotes political cooperation and reduces misunderstanding. Maintaining trading relation is a positive-sum game while war with too destructive, belonging negative-sum game (Baron de Montesquieu, 2001). The cost of using military is so high. Therefore, China and U.S. use

Advantages of technology in the international market

654 words - 3 pages markets have been open to the United States increasing exports and increasing efficiency through competition.One of the most aggressive liberalization groups to follow GATT's lead is APEC (Asian Pacific Economic Community). APEC consist of 18 countries that account for 1/2 of the worlds output. The three largest economies Japan, China and the United States are members. APEC leaders are committed to achieving free and open trade for the region by

A critical Analysis of Trade imbalance between China and the United States

6553 words - 26 pages changes by allowing for possible breaks. As is known, standard stationarity crucial break date, I apply Zivot and Andrews' (2004) endogenous searching procedure as opposed to that suggested by Perron (2008), based on prior information.Organization of the studyAlthough the study is organized according to U.S. bilateral trade with China has a relatively short history, its trade deficit has increased over the last decade. Consequently, this has received

U.S. China Relations Post September 11th

1545 words - 6 pages 1899, U.S. Secretary of State John Hay sent diplomatic notes to all of these powers, asking them to guarantee the territorial and administrative integrity of China, as well as to not interfere with the free use of treaty ports within their respective spheres of influence (US-China Relations). The major powers evaded responding, saying they could not commit to anything until all the other powers had assented first, but Hay took this as acceptance

U.S. and China Relations

1475 words - 6 pages . Some people think that restricting it will make China become more concerned with human rights, while other believe that keeping free trade up and running with China will better the movement for human rights. The people that do believe in keeping trade up say that "free trade itself is a human right and rests on an individual's rights to life, liberty, and property." They say that taking free trade away makes the market poorer, which, in turn

China's External Relations and Their Economic Impact CHINA-ASEAN RELATIONS : Perspectives, prospects and implication for northeast Asia interests

2107 words - 8 pages billion U.S. dollars in 2008. Currently, China is the fourth biggest trade partner of ASEAN, and ASEAN the fifth trading partner of China. In 2002, China signed an agreement with ASEAN regarding the building of Free Trade Area (FTA), which will be completed by 2010. Several benefits were realized in the process due to the FTA. For the past five years, taxes for around 7,000 kinds of goods has lessened. Another effect is the amount of mutually

Cfp Final Paper

1406 words - 6 pages the relationship. China felt that better relations with Japan would be useful, both politically and economically. But Japan would not normalize relations because of its close relationship with the United States and the nationalists. On the economic front, things were different, as trade started to grow. The countries are so close to one another that it made sense. Meanwhile, Japan is still recovering from the war, but is recovering rapidly and

Are the Forces That Influence China's Trade Surplus Over U.S. Actualy Good For Both Countries?

878 words - 4 pages financial crisis, the Chinese economy had a record from 2006 to 2008 with the fastest-rising Gross Domestic Product (GDP) in 11 years. The effect of this enormous growth has captured world attention, due to the fact that the large trade surplus China is with U.S has been leading to several issues in both countries. Some analysts such as ARTICLE 8 PP 5 see the huge China trade surplus with U.S as a clear indicator that China’s economical trade policies

Free Trade Theories: Threat to the American Worker?

951 words - 4 pages One of the most heatedly debated issues that are facing the American industries today is the topic concerning free trade vs. protectionism. Adam Smith's book, "Wealth of Nations," was published over 200 years ago in 1776. And yet today, economists still argue over the legitimacy of his words. Lobbyists and Unions argue that free trade has become a liability that is threatening to overtake U.S. security in sectors such as the job market

Bush Free-Trade Diplomacy Has Corporate America Steaming

800 words - 3 pages frayed ties to well-heeled business groups, Democrats are taking up their cause.This fall, the Administration intends to start talks on a deal with Bahrain, which supported the Iraq invasion and hosts the U.S. Navy's Fifth Fleet. And on June 23, President Bush dispatched U.S. Trade Representative Robert B. Zoellick to the Middle East to kick off a 10-year drive for a regional free-trade zone, pointedly excluding unfriendly Iran and Syria. The idea is

Similar Essays

Free Trade Area (Fta) Analysis In China

2445 words - 10 pages FTA among China, Korea and Japan. After the analysis in section 2, the reasons for recommending China to support the establishment of this FTA will be listed.To form a FTA, a series of negotiation will be made among members to concede to open up their markets. Thus, FTA is considered as a driver of trade liberalization. (the Australian APEC study centre, 2001) With better access to the each other's market, FDI as one of the important impacts come

Impact Of The China Australia Free Trade Agreement Parramatta High School Assignment

1361 words - 6 pages ChAFTA LINK Australia has links with many countries around the world via Free Trade Agreements (FTA); an agreement that removes trade barriers between countries. One significant FTA that Australia signed, on 17th June 2015 and entered into force on 20th December 2015, was ChAFTA; China-Australia Free Trade Agreement. Australia has had a strong ongoing relationship with China due to continuous interaction and trade and an extensive and growing

How The Cuba Policy Affected Trade With The U.S. Today

1497 words - 6 pages getting from Cuba. This affected the United States because most companies now do trade with China, Germany, and Italy to get most imports today. Doing trade with other countries is cheaper for the United States. For example, in the interview with Mr. Johnson from Cree, he mentioned that his company orders LED parts and supplies from China and Thailand because it is cheaper to have the parts made there and then have it shipped to the U.S. to put the

Free Trade, Countries With The Highest And The Lowest Trade Tariffs

579 words - 2 pages generally developing nations. Some of them are highly dependent on import duties for their tax revenue. Countries with high GDP per capita have much lower tariffs. That increases nationl welfare.D)As I stated in a previous part of our assigmnent countries with lower trade tariffs are much closer to free trade, what increases national welfare. For example Trade liberalization domestic deregulation have transformed New Zealand's economy from one of the