Us Trade Policy With China

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Us Trade Policy With China

Overview
The US and China have a long and varied history of trade relations. As the economic world enters a new era, and as China emerges as a new economic superpower, the trade relations between US and China will be of importance to all. The majority of interactions between both these countries can be followed back to a need to trade, and that is the reason why understanding their trade relations are essential. In this paper I will seek to provide the reader a much better understanding of trade from the perspective of an American citizen. The main goal of this paper is to answer the question, “what should US trade policy be towards China?” with as little bias as possible. Although my main focus will be from the perspective of an American citizen, there will naturally be a need to address some issues that deal with the wellbeing of Chinese citizens, namely human rights. The world today has become so integrated that when looking at the concept of trade relations, we must look beyond only one perspective.
Firstly I will look at a brief history of US-China trade relations and how this can and has affected the current trading patterns between the nations. Following a brief history, I will contextualize trade relations and policy into seven major categories which will be:
1. Labor
2. Welfare
3. Business
4. Macro Policy
5. The Environment
6. Global
Lastly, I will look at trade policy from the three main economic ideological perspectives (left, center and right) and how each of them would fulfill their ideologies through trade policy. I will provide a brief explanation of each ideological perspective before proceeding to explain their views on trade policy and how they would seek to solve the problems they perceive.

History of US-China Trade
Trade history between US and China go back more than two hundred years. In the last two hundred years there have been many changes within each country which has affected the way they trade with each other and the...

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