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1)Which factors make the international trade value between China and the  U.S. increase?

The U.S. depends heavily on China for providing the low-cost goods that enable income-constrained American consumers to make ends meet.

US firms sell high-value products to China, including cars and trucks, construction equipment, and semiconductors, which support jobs.

Chinese manufacturing also lowered prices in the United States for consumer goods, dampening inflation and putting more money in American wallets. At an aggregate level, US consumer prices are 1 percent - 1.5 percent lower because of cheaper Chinese imports.

Labor force: China is a country with about 1.3 billion people. Many U.S. firms view participation in China’s market as critical to their global competitiveness. U.S. imports of lower-cost goods from China greatly benefit U.S. consumers. U.S. firms that use China as the final point of assembly for their products, or use Chinese-made inputs for production in the United States, are able to lower costs.

2)Which factors make the international trade value between China and the U.S. decrease?

The trade deficit with China is caused by the country's lower costs of labor and American demand for the goods produced there.

The greatest trade war in economic history can result in a change in the international trade architecture, slow-down of financial markets. The countries can be divided into two blocks supporting the US or China, and at the same time, forming the mega-alliances of economies, as well as regional currency zones. The Asia’s role in globalization processes and the development of global supply chains is likely to strengthen. The US strives to weaken its main competitor and maintain dominance in the global arena: in the economy, politics and national security.

The current foreign trade policy of the US aims to slow down the still rapid economic growth of the PRC and its growing importance in the world economy. China's government in its turn has a goal to achieve leadership in robotics, biotechnology and artificial intelligence. It will provide financial support to high-tech industries, and will do everything possible not to let the US stop or slow down the modernization and digitalization of China's economy.

China's industrial policies that favor state-owned enterprises, disagreement on China's WTO obligations, and failure to protect U.S.

The United States feels that China is not complying with its trade obligations, and therefore, such actions should be taken. These often lead to trade embargoes or tariffs that can increase the cost of importing the offending country.

The current foreign trade policy of the US aims to slow down the still rapid economic growth of China.

Many trade tensions stem from China's incomplete transition to a free-market economy, according to the United States. While China's economic and trade regimes have been significantly liberalized over the last three decades, it still maintains (or has recently imposed) a number of state-directed policies that appear to distort trade and investment flows.

Major areas of concern expressed by US policymakers and stakeholders include China's alleged widespread cyber economic espionage against US firms; a relatively ineffective record of enforcing intellectual property rights (IPR); discriminatory innovation policies; a mixed record of implementing its World Trade Organization (WTO) obligations; and extensive use of industrial policies (such as subsidies and trade and investment barriers) to promote and protect industries favored by the Chinese government.

Many policymakers in the United States argue that such policies harm the country's economic interests and have contributed to job losses in some sectors.

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decrease:
Most economists agree that China's competitive pricing is a result of two factors:

A lower standard of living, which allows companies in China to pay lower wages to workers
An exchange rate that is partially fixed to the value of the dollar
The largest categories of U.S. imports from China are computers, cell.
In a nutshell, the trade deficit with China is caused by the country's lower costs of labor and American demand for the goods produced there.

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1)Which factors make the international trade value between China and the  U.S. increase?   2)Which factors make the international trade value between China and the U.S. decrease?  

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1)Which factors make the international trade value between China and the  U.S. increase?   2)Which factors make the international trade value between China and the U.S. decrease?  

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1. International trade between China and the US increases due to the impact of the policies between the two countries and the trend of globalization. In addition, China and the United States participate in international trade agreements.The first factors that help increase the value of international trade between the US and China is capital investment between the two countries. The investment will help countries trade more, every year the US invests more than 20% of its capital in foreign companies, of which 2% is from China, but after the trade war shows signs of abating, this number increases. In addition, there are taxes and applicable policies, when the high tax imposition between the two countries is gradually eased, helping to improve trade.

2. The international trade between China and the US has basically decreased because of the trade war between the two countries. President Donald Trump has imposed high tariffs on Chinese goods. In addition, the US also believes that China steals intellectual property. However, China did not agree with that allegation and argued that the US was not complying with WTO rules.The factor that makes the trade value between the US and China decrease can be said as the tax factor. The fact that the governments of the two countries impose a higher tax rate makes trade less. The element of copyright ( human brain , machine , ... ) , when China is often accused of stealing brains , makes trade between the US and China more difficult . Political factors, the tension between the two countries ranked 1st and 2nd in the world is also the main factor reducing the value of trade between the two countries.

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Do you think that the level of significance/importance of international trade is the same for Vietnam and the U.S. ?

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Do you think that the level of significance/importance of international trade is the same for Vietnam and the U.S. ?

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1)Which factors make the international trade value between China and the U.S. increase?

Export more than import:  the U.S. imports much more than it exports to China.

China remains a global player in the competition for world economic and trade leadership

China can manufacture many goods at competitive prices, because of two comparative advantages

China buys a large volume of Treasurys. It has become one of the largest lender nations to the United States

U.S.-China economic ties have expanded substantially since China began reforming its economy and liberalizing its trade regime in the late 1970s. Total U.S.-China merchandise trade rose from $2 billion in 1979 (when China’s economic reforms began) to $636 billion in 2017

2)Which factors make the international trade value between China and the U.S. decrease?

China’s investment restrictions:inconsistently implemented local regulatory requirements, the preferred treatment for local competitors, and the need to localize products and services to meet Chinese consumers’ expectations and requirements, among others.

Lengthy and opaque administrative procedures, especially with respect to permits, registration, and licensing.

Recent tensions in the U.S.-China bilateral relationship

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1)Which factors make the international trade value between China and the U.S. increase?

Consumption and investment of China increase because China produces many consumer goods at lower costs than other countries can. Therefore, it makes the GDP of China rise and international trade between the US and China increase.

Today, the US-China trade relationship actually supports roughly 2.6 million jobs in the United States across a range of industries, including jobs that Chinese companies have created in America.

Export more than import: Most people would rather pay as little as possible for computers, electronics, and clothing—so the U.S. imports much more than it exports to China. U.S. businesses also use Chinese labor to assemble or manufacture products to reduce production costs.

2)Which factors make the international trade value between China and the U.S. decrease?

-The US-China trade war is a bitter conflict between the world's two major economic powers.

-The overemphasis on security creates an American strategy that is increasingly incompatible with the economic basis of US-China competition.

-protectionist policy of the Trump administration (2018)

-America's large trade deficit with China.

- China's ambition to become the world's leading technology nation.

- serious piracy in China.

- China's investment restrictions

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increase:

-Exports to China support nearly 1 million US jobs, and Chinese companies invested in the United States employ over 120,000 workers.

-China can manufacture many goods at competitive prices

-Although some US manufacturing jobs have been lost because of the trade deficit, US firms sell high-value products to China, including cars and trucks, construction equipment, and semiconductors, which support jobs

-Chinese manufacturing also lowered prices in the United States for consumer goods, dampening inflation and putting more money in American wallets.

-  China is expected to continue to be one of the fastest growing major economies, creating growth opportunities for American companies—

- profits from these investments and the contribution they make to the competitiveness of US businesses help support the US economy through R&D, domestic investment, and dividend payments.

decrease:

- A lower living standard, allowing Chinese corporations to give workers fewer salaries.

- An exchange rate that is partially fixed to the value of the dollar

- Imports from China into the United States continue to face increasing tariffs, with containerized products are the most  affected.

-While the agreement made important progress on longstanding trade barriers in agriculture, financial services, and intellectual property protection, it failed to address a range of administration concerns over Chinese state-owned enterprise disciplines, distorting subsidies,

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Yes, because trade will help the US import products that are not available or scarce in the domestic market, and export large items. Besides, international trade will also help the US build relationships with other countries through trade.

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International trade is critical to USA . it help fueling economic growth, supporting good jobs at home, raising living standards and helping Americans provide for their families with affordable goods and services. ... The United States is the largest services trading country

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US : also the second largest agriculture so can not consume domestically => export more than half (almonds, wheat...)

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US : also the second largest agriculture so can not consume domestically => export more than half (almonds, wheat...)

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US: is the world’s largest exporter of services (information technology, insurance, and telecommunications, delivery...)=> abroad opportunities

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US: is the world’s largest exporter of services (information technology, insurance, and telecommunications, delivery...)=> abroad opportunities

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18071071 - Đinh Hải Hà: International trade is important for VietNam because when there is international trade, Vietnam’s economy develops strongly. One factor for the GDP growth í the success in drawing foreign companies to the country as well as expanding exports.

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Phạm Thị Phượng 18071208
In Vietnam, International trade is important. It makes the market is more competitive. This ultimately results in more competitive pricing and brings a cheaper product home to the consumer.

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International trade affects the Vietnamese economy. it increases the growth of Vietnam's import and export, expands markets, diversify goods to attract investment. Moreover, it can also improve labor productivity and create more jobs

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It's very important because it helps many vietnam companies can expand to other countries; food and services can be exported and imported easily. As a result, Vietnam's economy can be developed

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Productivity in Vietnam under the condition of international trade increases because the country concentrates on the production of the good with its absolute advantage
Huyen Trang 19071527

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Lê Hiền                                                  Yes. Because  international trade  activities have  considerably contributed to  Vietnam’s  economic  and  social  development and it is  one  of  the  key  factors  in economic  growth,  increasing  employment,  raising  income,  helping  eliminate  and  alleviate hunger and poverty, etc.          

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Lê Hiền                                                  Yes. Because  international trade  activities have  considerably contributed to  Vietnam’s  economic  and  social  development and it is  one  of  the  key  factors  in economic  growth,  increasing  employment,  raising  income,  helping  eliminate  and  alleviate hunger and poverty, etc.          

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Do you think that international trade is important for the U.S.?

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Do you think that international trade is important for the U.S.?

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- Helping to exchange and trade goods, services with other countries
- Reduce costs when exporting or importing goods, services such as tax reduction

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It is important because it provides Vietnam with so many opportunities to improve economy in general. In fact, Vietnamese economy has significant changes since VN entered international market.

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Do you think that international trade is important for Vietnam?

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Do you think that international trade is important for Vietnam?

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I think international trade is crucial for VN because it helps us increase economic rate, and have more opportunities to provide domestics products in global market.

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I think international trade is crucial for VN because it helps us increase economic rate, and have more opportunities to provide domestics products in global market.

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Mai Duong_19071331

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international trade tends to raise GDP by as much as two percent for every percentage point increase in the ratio of trade-to-GDP,

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international trade tends to raise GDP by as much as two percent for every percentage point increase in the ratio of trade-to-GDP,

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Yes, because international trade helps raising living standards, providing employment and enabling consumers to enjoy a greater variety of goods. Moreover, it can also redirect investment towards the most profitable sectors of the economy, thus making investment more efficient