Question

In: Economics

is russia ecomoy good or bad for the united States ? 8-10 paragraph

is russia ecomoy good or bad for the united States ? 8-10 paragraph

Solutions

Expert Solution

Russian economy has been strong ally in past also had sour relation so far becaus eof their President Vladimir Putin. Since Russia has had competitive advantage in nuclear warfare and weapons, defence and aviation, Engineering the Country has been one of most critical success factors in USA stability in world economic levels and forums.

Also Russias Increasing relationships with India which is srongest US supporter means that Russia has to have great relationships with US as well.

However the rceent Ukraine Russian War and evolutionary S400 missile selling across globe has invited tensions between US and Russia and has also imposed sanctions on countries importing from Russia.

The trade deficit also has widened with Russia and China both who are part of BRICS Consortium and hence poses higher risks in terms of emerging trade war and economic sanctions which can escalate geopolitical risks.

Russian Impact On US China Trade War

Since Russia has major impact on China and also has recently been strongly opposed by US, the Russian government has persuaded China to form an ally and integrate together to avert US domination.

The biggest issue been surfaced is US China Trade War, Immigration Laws, US National Debt, Foreign Relations policy  

US and china have great history of trade wars however recent times has been largely due to sanctions been imposed on china by USA.

Recently, USA slpped tarrifs on 40% of chinese goods. which has caused prices of US goods to go up substantially becuase cheap imports fro china have been stopped.USA has also stopped cheap imports of steel and as a result Chinese government too has imposed substantial tarrifs on USA goods.

As a result, there has been currency devaluation in China to make it goods look more cheaper and attractive and has started selling Goods in emerging markets. US goods however have become more costlier and hence sales have decreased.

Chinese government has aggravated trade war by imposing fresh round of tarrifs , however before G20 summit which will be held in 2018, such issues will be resolved.

Since, China has imposed tarrifs we see there has been lack of entry of chinese workrs and visas in USA which has nullified the clear cut winner. Because of trade war, India has managed to export steel and aluminium to US markets and hence has been the greatest beneficiary.

So all in all Russian economy has been strong opponents of Us which is bad for economy apparently leavibg behind past relationships and deals.


Related Solutions

describe United States economy today & back then? 8-10 paragraph describe the united state economy today...
describe United States economy today & back then? 8-10 paragraph describe the united state economy today ?
Why is Russia a bigger threat to the United States than China.
Why is Russia a bigger threat to the United States than China.
What were the differences between industrialization in the United States and in Russia?
What were the differences between industrialization in the United States and in Russia?
Please answer the following: How do the economic systems of Russia, the United States, the United...
Please answer the following: How do the economic systems of Russia, the United States, the United Kingdom vary? How do political policies, property rights, and public choice system in Russia, the United States, the United Kingdom relate or differ? Any help is appreciated, I always give a thumbs up too, thank you!
discuss how the united states government has provided good, bad, or indifferent customer service to its...
discuss how the united states government has provided good, bad, or indifferent customer service to its customers i.e. individuals, businesses, states, etc. you may focus on a particular chapter in the book or take a more general approach. support your argument with facts, situations, customer service principles  
If at all, is China or Russia a great power competitor to the United States? (pick...
If at all, is China or Russia a great power competitor to the United States? (pick one) Please take all political/economical factors into consideration.
Is having a trade deficit necessarily bad for the United States?
Is having a trade deficit necessarily bad for the United States?
It is easy to argue that globalization is bad for the United States. For this post,...
It is easy to argue that globalization is bad for the United States. For this post, you will need to explain one reason why it is good for America.
Please answer the following: How do the economic systems of the United States, China, and Russia...
Please answer the following: How do the economic systems of the United States, China, and Russia vary? How do political policies in the United States compare to China and Russia? (references would be much appreciated)
8. Is high consumption good or bad for economic growth? Why
8. Is high consumption good or bad for economic growth? Why
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT