United States trade conflict with China Term Paper

unite States trade conflict with China - Term Paper ExampleThe U.S. Chinese trade is in great favor of China. The continue trade war between the countries is unhealthy not only for the two nations, but also to the world economy. China cannot be ignored as an sparing powerhouse.The international congener between the Peoples Republic of China and the United States of America is often referred to as Sino-American relations. Since the beginning of the cold war to date, the relation between the two countries has been pretty cyclical. In fact, mevery analysts find the relationship not only complex, but also multi-faceted. The two countries cannot be considered enemies by any standards, but yoking them as allies could also be questioned. For a long time, the two countries have had a stable relationship. However, this relationship is threatened by rival and trade policies that have continued to stir controversy. The United States and China have the largest economies in the world. Therefo re, any tension between them spills over to other countries and regions consequently bear on the entire world. China has the worlds largest population, while the United States has the worlds largest economy. This makes the two countries to be the largest trading partners in the world. Moreover, the bilateral relationship qualifies to be the most essential one in the 21st century. The two countries are the worlds economic giants and their united efforts towards attaining world peace and economic perceptual constancy can yield unimaginable results. Amidst the trade tensions, the United States and China have a common stand in many fronts... For instance, while other economists recall the United States benefit more from its trade with China and imposing taxes on Chinese products is unjustified, others think the trade has destroyed the United States and its high time the United States took a bold step towards saving its local businesses and citizens from Chinese firms. According to Fe igenbaum, the Sino-American trade wars will not end soon. However, the wars will be broadly governable (Feigenbaum). Schuman, The Time business reporter, takes a rather interesting approach to the issue. He holds that resolving the war between the United States government and China will not be an easy one (Schuman). He cites the reluctance of both governments to drop their demands as the major hindrance to striking a consensus. Both governments, for instance, insist on fulfilling public demands, which have been a hindrance to a smooth trade. While the United States insist on preserving local jobs, the Chinese government is interested in finding market for locally produced products and an avenue for investment. A research by the Queensland University Staff on the probable effects of the United States regulation of Chinese imports favour the introduction of strict measures to control Chinese imports (126). The research concluded that setting such measures was inevitable and would be to the advantage of the United States government (126). It further declared that the United States pressure should continue (Queensland University Staff, 126). A sour trade relation between the United States and China is evidently destructive. All the countries stand to lose. The worlds economy is already threatened by this unhealthy competition and rivalry, and it could even get worse. If not resolved, the rivalry will result in