The United States Trade Deficit Issue with China and its Economic Effects in 2016
PublisherThe University of Arizona.
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AbstractChina and the United States are the two largest economies in the world. The United States has been the most important and influential economy for over 140 years while China is the fastest growing economy in the world. Now China is the top trade partner of the United States. However, the United States' trade deficits with China have rapidly increased since China joined World Trade Organization (WTO) after 2001. In 2016 the U.S. trade deficits with China were 347 billion dollars. It is more than any other countries' trade deficit. So in this paper, we will only research the trade deficits issue with China. We will discuss the reasons that cause trade deficits with China by analyzing historical data and real situation. Moreover, this paper will analyze both positive and negative economic effects to the United States.
Degree ProgramHonors College