Its time to brush up on what is going on in US trade relations. The second presidential debate will be taking place tonight at 9:00-10:30pm Eastern time and the topic is foreign and domestic policy. And according to an article published by the New York Times, China and Its Trade Tactics Are Coming to the Debates.
Robert E. Scott wrote an interesting report called The China Toll: Growing US trade deficit with China cost more than 2.7 million jobs between 2001 and 2011, with job losses in every state. He provides a history lesson about US trade relations with China and makes an interesting argument.
Recent developments in terms of US trade relations include conflicts with:
- MEXICO: “The United States Department of Commerce signaled it might be willing to end a 16-year-old agreement between the United States and some Mexican growers that has kept the price of Mexican tomatoes relatively low for American consumers. American tomato growers say the price has been so low that they can barely compete.”- NYT: Ammunition for a Trade War Between the US and Mexico
- CHINA: China and the US keep filing complaints against each other in the World Trade Organization. Read Bloomberg Businessweek’s WTO to Probe US Anti-Subsidy Duties on Chinese Imports to learn more about what each country’s complaints.
