Question

The Trump Administration has been pursuing an aggressive strategy in terms of trade relations with other countries. The Administration has taken active steps against China and other countries including the EU and NAFTA members, Mexico and Canada. The main arguments have been unfair trade practices against the US, violation of intellectual property rights of US companies and the national security.

What do you think about the tariffs that US imposed on China and other countries? Are they good or bad?

What will be the impact of these tariffs on the US in terms of economy, jobs, or any other aspects?

Answer 1

Presidenent Trump's policies related to the trade between the large economies are criticised than his any other policy. From call to increase tariff on imported products from China, European Union, Mexico Canada and recommending the U.S companies to cut ties between China. The international trade policy of trump is condemned largely by the economists to the political opponents.

The series of trade war between the world's economic superpowers are moving into a dangerous new era. Many economists warned that this will lead to the recession while many others hoped that the state will be forced to negotiate and make new policies as country cannot go far with these policies. The policies by the Trump administration is violating largely the The North American Free Trade Agreement as well.

It was one of his most noted electoral promises during the 2016 presidential election to prevent the unfair trade practices and violation of Intellectual Property Rights of U.S companies and national security. Now he is facing criticism on his trade relationship between the countries From Canada and Mexico to the European Union, Japan and china ahead of his new Presidential election.

The Increased tariff on China and other countries will obviously make chaos in every sector of the economy of the state. Cutting ties with China will cause for a swift increase in unemployment and job loss. This will lead to recession and the new policies shall roll back to anchor the sinking economy.

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