In President Trump's ongoing trade war, China's economy has evolved significantly since the beginning of this century. U.S exports to China have significantly increased in value, in a change of the less traditional goods they one imported. In 2019 47% of exports were by air while 53% were by the ocean, this is due in part to the large decrease in U.S exports to China by water and increase of Air transportation of products. These Accelerated Changes may have unexpected implications such as : airports and seaport revenue changes since they are both used by China, and since China has such a large part in our trade economy. This also may affect the public opinion of some representatives and senators, who are already outclassed by an overwhelming amount of lobbyists. Do you think China has this much of an impact on the U.S?
https://www.forbes.com/sites/kenroberts/2019/09/29/china-no-longer-a-developing-nation-as-one-look-at-us-exports-during-trade-war-clearly-shows/#5607c3ea7135
I think that Chinas impact is much larger than what most people would think but I don't think that china could ruin the U.S. economy. Do you see this trade war ending anytime soon?
ReplyDeleteChina is no longer the developing country it once was. It is now a country where citizens are able to afford luxuries that are purchased in the United States and other leading countries, which is shown in the goods that are being imported. The goods which are being imported are high valued products such as computer chips and health medications and vaccines. These items being high valued have a large stake in the US economy means that China does have a large impact on our economy. The estimated exports to China is about 7%, so although not huge, still a large amount going towards one country, definitely proving it is a developed country.
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