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Case Analysis 3

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Q How do the US economy, US firms, and consumers in the United States like you benefit from trade with China? How are the US economy, US firms, and consumers in the United States like you hurt from trade with China? If you were appointed to be head of the new US Trade Council, how would you advise the president regarding the China trade policy? Explain why.

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The free theories of trade economics argue that all the countries are known to benefit mainly from international trade, which means that China and all its partners in trading all benefit from the growth of economics. Furthermore, since we have done 2001 exportation to China, there has been significant increases by 500%, and as a result, the exports done by the US to the rest of the world have doubled. China manufactures their good and is also affordable; however, their production has affected the US as their consumer prices have dropped by 1-1.6%, making America's households save up to $870 and increase their power of purchasing. China has also been prosperous and won the export market because they deliver value and have hard to imitate attributes.