The Last Word
  • Home
  • About Us
  • Literature
    • Book Reviews >
      • Stolen Away
      • Hunger Games
      • A Tale of Magic
      • The Red Pyramid
      • Keeper of the Lost Cities
  • Entertainment
    • Why Funny Girl Should Be The Movie Of This Generation
    • TikTok
    • Among Us Tips & Tricks
    • Among Us
    • LOONA’s 12:00 album review
    • Behind the Scenes
    • Boycott Mulan
    • Were the F.R.I.E.N.D.S really friends?
    • Halloween Myths
    • Dune Review
    • Top 3 Musicals for Teens
    • That's What You Missed On Glee
    • IPL
    • Champions League 2021
    • Colour Out Of Space Film Review
    • Uncut Gems Film Review
    • Little Women Review
    • Why Amber is the unsung hero of Sofia the First
    • The Two Popes Film Review: A Cinematic Sleeping Pill
    • Why I’m Not Watching Trailers Anymore
    • The Last Black Man In San Francisco: The Best Film Of 2019 That Nobody Is Talking About
  • Current Affairs
    • POLITICS >
      • Wake up, Boris Johnson
      • First Presidential Debate
      • Brexit: The Political Decision We Can’t Ignore
      • President-Elect Biden
      • US Elections 2020: When will we actually know the results of the election?
      • The US Election
      • Donald Trump's COVID-19 Diagnosis
      • Who Will Replace RBG?
  • Things To Do
    • Vintage Shopping In Singapore
    • Get Your Golf Fix
    • Top 5 Things To Do At MacRitchie Reservoir
    • An Ode to the Humble Stew
    • Drones. Why I love the world from above.
  • Editorial
    • Covid-19 Vaccine
    • Samsung Digital Cockpit
    • Riot or Protest?
    • Robot Baristas
    • Feminism and Men’s Rights
    • Why Don't We Speak About Our Mental Health
    • Anastasia Pagonis
    • Penicillin: The Discovery that Changed the World of Medicine
    • Do Video Games Cause Violence
    • Stairs: Would we be better off without them?
    • Women Who Shaped The World >
      • Bethany Hamilton
      • Harriet Tubman
      • Susan B. Anthony
      • Uncovered >
        • McJobs: Uncovered
        • CoVID-19
        • Chinese New Year
        • Poverty
        • Laziness
        • Inequality
    • Apple TV 4K
    • Contortion: An Introduction
    • Lessons From Covid
    • The Animal Hair Cut Craze
    • Know Your French Fries
    • Why 'OK, Boomer' Is Not The 'N-Word of Ageism'
  • Environment
    • The 6th Mass Extinction
    • Climate Countdown
    • I'm Dreaming Of A Green Christmas
    • What Busy People Need To Know About >
      • Flights to Nowhere
      • Australian Bushfires
      • Hurricane Dorian
      • Greta Thunberg
      • Melting Ice
  • Creative
    • Creative Writing >
      • One Last Breath
      • The Remote's Escape
      • The Remote's Back
      • The Clock: Part 2
      • The Secret Life of Potatoes (Part 2)
    • Comics - Seniors >
      • Seniors: Issue 1
      • Seniors: Issue 2
      • Seniors: Issue 3
      • Seniors: Issue 4
    • Comics - The Cherry Twins >
      • The Cherry Twins: Issue 1
      • The Cherry Twins: Issue 2
    • Comics - Miss Understood >
      • Miss Understood: Issue 1
    • Comics - Masquerade Ball >
      • Masquerade Ball: Issue 1
    • Art In Words >
      • I Can See the Light...
      • Above The Clouds
    • Fashion >
      • Chanel's Fashion Revolution Reaches For The Stars
      • Caption Competiton
      • Funhome: Chloe Choo
      • Future World: Where Art Meets Science
  • Quizzes
    • Christmas!
    • Fun With Flags
    • Classic Villains
    • First Lines
  • Archive
    • Creative Archive >
      • The Clock: Part 1
      • The Man In the Bank
      • Adventurous Story Of A TV Remote - Part 1
      • Yishun: The Devil's Ring
      • A World With No Borders
      • An Interview With The Divers At The Heart Of The Thai Cave Rescue
      • The Mountains
      • The Day I Woke Up In Troy
      • In Japan
      • Pertinus the Tenacious
    • Current Affairs Archive >
      • Riot vs. Protest
      • #BLM What You Need To Know
      • A World Of Performative Activism
      • Entrepreneurship: The Key To Go From Zero To Hero
      • Why The U.S-Iran Conflict Is Sure To Escalate
      • Why India’s Citizenship Bill And Its Effects Are More Serious Than We Originally Thought
      • The Rise Of Bitcoin In 2019
      • Hurricane Delta
      • Why Abu Bakr al-Baghdadi's Murder Is More Significant Than We Originally Thought
      • Why Do Many Technology Startups Fail?
      • What Is The Trump-Ukraine Crisis And What Are Its Effects?
      • Ending The Hong Kong Protests - A Guide For Dummies
      • Why Brexit is Going Nowhere
      • Ending the Yemen War: A Guide for Dummies
      • India-Pakistan Conflict: A Dummies Guide
    • Editorial Archive >
      • Singapore's Latest Nuisance: Electric Scooters
      • Why Artificial Intelligence is the Future of Humanity
      • Self Driving Cars, The Future of The Automotive Industry
      • Should We Really Be Afraid Of Artificial Intelligence?
      • Something Is Rotten In The Heart of Tanglin's Head Team
      • Boeing 737 Max 8: A Question of Safety
      • A World in the Dark
      • The Day That Siri Died
      • Does Brandy Melville Fit into the Future of Fashion?
      • #NOFILTERPOETRY
      • World Cup Conspiracies
      • Is Money Really That Great?
      • Why I Hate Valentine's Day
      • How We Became Enslaved To The Social Media Overlords
      • The Projector VS Golden Village
      • A Little Red Dot
    • Entertainment Archive >
      • The Diary of Taylor Swift's Cats
      • Champions League Comebacks
      • It's Bruno, Possibly The Weirdest Show On Netflix?
      • Why Being a Film Fan in Singapore Kinda Sucks...
      • Fortnite Vs Apex: Let Battle Commence
      • The Dying Art Of One Direction Fanfiction
      • Taylor Swift Cancels Concert At The Melbourne Cup
      • Haji Lane
      • To All The Boys I've Loved Before
      • Thor Ragnarok film review
      • The Ring of Fury - Why Now?
      • The Films You Missed in 2018
      • Kingsman: The Golden Circle
  • Category

Tug-Of-War: The Trade War between the US and China

9/27/2018

 
China and the United States have locked horns in an ongoing trade war as each country has introduced tariffs on goods traded between each country. China was forced to retaliate after President Donald Trump, quoting “China’s longtime abuse of the broken international system and unfair practices,” imposed tariffs on solar panel imports (a high percentage of which are manufactured in China) and other Chinese goods amounting to a whopping $250 Billion USD. The question however, is whether Trump’s motivations and actions are financially sound, or will Trump’s decision leave both parties worse off?
​
Picture

​Trump’s decision to embark on this trade war is warranted for sure. As he very rightly mentioned on the campaign trail, the US is plagued by a $500 billion trade deficit with China, with intellectual property theft summing to another $300 Billion. As we all know, Trump’s rhetoric before being elected mainly enticed blue-collar workers, so it makes sense that now, once in office, he appeases said workers by keeping jobs in the US and imposing tariffs on exports from China, which means that, to lower costs, American companies must produce inside the US. This creates employment,  which is in need seeing that there has been a steady rise in the unemployment rate starting in June of this year.


Listening to Trump, however, you’d be forgiven for thinking that the relationship is totally one sided. This viewpoint, unfortunately for him, is gravely mistaken. The US has also reaped multiple rewards in China; many technology companies situate their headquarters in China due to cheap labor and rampant innovation. Boeing, for example, sells more planes in China than anywhere else on the world. And, it’s not like China has been caught quaking in their boots. Xi Jinping’s government swiftly retaliated with import levies on US-grown soybeans, medical equipment and most importantly, crude oil. Worst of all, the impacts of this back and forth are drastic. Oxford Economics, a consultancy, forecasts that each country will endure a loss of $60 billion dollars as a minimum. The Peterson Institute for International Economics, a think tank, concludes the US-China tariff war “will be self-destructive for both sides.”


The motivations are clear for this trade war; a gargantuan trade deficit and a sentiment that China is “cheating.” However, it is also possible, worryingly, that this may all be a ploy employed by Trump to halt Chinese growth. China’s expanding day by day, and may soon overtake the US as the world’s superpower. However, both countries need to realize that continuing this war will ultimately result in mutually assured destruction.
​

    Varun Venkatesh

    ​

    Archives

    September 2018

    Categories

    All

    RSS Feed

We Would Love To Have You Visit Again Soon!




  • Home
  • About Us
  • Literature
    • Book Reviews >
      • Stolen Away
      • Hunger Games
      • A Tale of Magic
      • The Red Pyramid
      • Keeper of the Lost Cities
  • Entertainment
    • Why Funny Girl Should Be The Movie Of This Generation
    • TikTok
    • Among Us Tips & Tricks
    • Among Us
    • LOONA’s 12:00 album review
    • Behind the Scenes
    • Boycott Mulan
    • Were the F.R.I.E.N.D.S really friends?
    • Halloween Myths
    • Dune Review
    • Top 3 Musicals for Teens
    • That's What You Missed On Glee
    • IPL
    • Champions League 2021
    • Colour Out Of Space Film Review
    • Uncut Gems Film Review
    • Little Women Review
    • Why Amber is the unsung hero of Sofia the First
    • The Two Popes Film Review: A Cinematic Sleeping Pill
    • Why I’m Not Watching Trailers Anymore
    • The Last Black Man In San Francisco: The Best Film Of 2019 That Nobody Is Talking About
  • Current Affairs
    • POLITICS >
      • Wake up, Boris Johnson
      • First Presidential Debate
      • Brexit: The Political Decision We Can’t Ignore
      • President-Elect Biden
      • US Elections 2020: When will we actually know the results of the election?
      • The US Election
      • Donald Trump's COVID-19 Diagnosis
      • Who Will Replace RBG?
  • Things To Do
    • Vintage Shopping In Singapore
    • Get Your Golf Fix
    • Top 5 Things To Do At MacRitchie Reservoir
    • An Ode to the Humble Stew
    • Drones. Why I love the world from above.
  • Editorial
    • Covid-19 Vaccine
    • Samsung Digital Cockpit
    • Riot or Protest?
    • Robot Baristas
    • Feminism and Men’s Rights
    • Why Don't We Speak About Our Mental Health
    • Anastasia Pagonis
    • Penicillin: The Discovery that Changed the World of Medicine
    • Do Video Games Cause Violence
    • Stairs: Would we be better off without them?
    • Women Who Shaped The World >
      • Bethany Hamilton
      • Harriet Tubman
      • Susan B. Anthony
      • Uncovered >
        • McJobs: Uncovered
        • CoVID-19
        • Chinese New Year
        • Poverty
        • Laziness
        • Inequality
    • Apple TV 4K
    • Contortion: An Introduction
    • Lessons From Covid
    • The Animal Hair Cut Craze
    • Know Your French Fries
    • Why 'OK, Boomer' Is Not The 'N-Word of Ageism'
  • Environment
    • The 6th Mass Extinction
    • Climate Countdown
    • I'm Dreaming Of A Green Christmas
    • What Busy People Need To Know About >
      • Flights to Nowhere
      • Australian Bushfires
      • Hurricane Dorian
      • Greta Thunberg
      • Melting Ice
  • Creative
    • Creative Writing >
      • One Last Breath
      • The Remote's Escape
      • The Remote's Back
      • The Clock: Part 2
      • The Secret Life of Potatoes (Part 2)
    • Comics - Seniors >
      • Seniors: Issue 1
      • Seniors: Issue 2
      • Seniors: Issue 3
      • Seniors: Issue 4
    • Comics - The Cherry Twins >
      • The Cherry Twins: Issue 1
      • The Cherry Twins: Issue 2
    • Comics - Miss Understood >
      • Miss Understood: Issue 1
    • Comics - Masquerade Ball >
      • Masquerade Ball: Issue 1
    • Art In Words >
      • I Can See the Light...
      • Above The Clouds
    • Fashion >
      • Chanel's Fashion Revolution Reaches For The Stars
      • Caption Competiton
      • Funhome: Chloe Choo
      • Future World: Where Art Meets Science
  • Quizzes
    • Christmas!
    • Fun With Flags
    • Classic Villains
    • First Lines
  • Archive
    • Creative Archive >
      • The Clock: Part 1
      • The Man In the Bank
      • Adventurous Story Of A TV Remote - Part 1
      • Yishun: The Devil's Ring
      • A World With No Borders
      • An Interview With The Divers At The Heart Of The Thai Cave Rescue
      • The Mountains
      • The Day I Woke Up In Troy
      • In Japan
      • Pertinus the Tenacious
    • Current Affairs Archive >
      • Riot vs. Protest
      • #BLM What You Need To Know
      • A World Of Performative Activism
      • Entrepreneurship: The Key To Go From Zero To Hero
      • Why The U.S-Iran Conflict Is Sure To Escalate
      • Why India’s Citizenship Bill And Its Effects Are More Serious Than We Originally Thought
      • The Rise Of Bitcoin In 2019
      • Hurricane Delta
      • Why Abu Bakr al-Baghdadi's Murder Is More Significant Than We Originally Thought
      • Why Do Many Technology Startups Fail?
      • What Is The Trump-Ukraine Crisis And What Are Its Effects?
      • Ending The Hong Kong Protests - A Guide For Dummies
      • Why Brexit is Going Nowhere
      • Ending the Yemen War: A Guide for Dummies
      • India-Pakistan Conflict: A Dummies Guide
    • Editorial Archive >
      • Singapore's Latest Nuisance: Electric Scooters
      • Why Artificial Intelligence is the Future of Humanity
      • Self Driving Cars, The Future of The Automotive Industry
      • Should We Really Be Afraid Of Artificial Intelligence?
      • Something Is Rotten In The Heart of Tanglin's Head Team
      • Boeing 737 Max 8: A Question of Safety
      • A World in the Dark
      • The Day That Siri Died
      • Does Brandy Melville Fit into the Future of Fashion?
      • #NOFILTERPOETRY
      • World Cup Conspiracies
      • Is Money Really That Great?
      • Why I Hate Valentine's Day
      • How We Became Enslaved To The Social Media Overlords
      • The Projector VS Golden Village
      • A Little Red Dot
    • Entertainment Archive >
      • The Diary of Taylor Swift's Cats
      • Champions League Comebacks
      • It's Bruno, Possibly The Weirdest Show On Netflix?
      • Why Being a Film Fan in Singapore Kinda Sucks...
      • Fortnite Vs Apex: Let Battle Commence
      • The Dying Art Of One Direction Fanfiction
      • Taylor Swift Cancels Concert At The Melbourne Cup
      • Haji Lane
      • To All The Boys I've Loved Before
      • Thor Ragnarok film review
      • The Ring of Fury - Why Now?
      • The Films You Missed in 2018
      • Kingsman: The Golden Circle
  • Category