Essay on The Financial Side Of Economics

786 Words Nov 19th, 2016 4 Pages
John Maynard Keynes once said, “Successful investing is anticipating the anticipation of others.” Macroeconomics matters not only nationally, but internationally. This quote is, in my opinion, demonstrates the idea of macroeconomics because what one country does, affects how another country does. In this reaction paper, I will be talking about the financial side of economics by demonstrating how tariffs, consumer spending and Gross Domestic Product, or GDP, affect not only our country, but other countries. This year’s election came with a surprising outcome that will affect macroeconomics in the long-run. The main focus of the article, Those jobs are gone and they’re not coming back, is tariffs that Donald Trump want to use. Trump believes that tariffs will help get back jobs because he believes trade, or business in general, with China and Mexico is too expensive. In the article, Those jobs are gone and they 're not coming back, Patrick Gillespie (2016) states that, “When countries slap trade barriers on each other, that defines a trade war. And China, it not Mexico too, likely won’t wait to retaliate with tariffs or sanctions of its own against America.” China will retaliate because they depend on the U.S. a lot more than most people understand because China is the second biggest economy. In addition, big corporations, for example Apple, have imports, such as their phone parts, that China has. Tariffs could also hurt ties with other countries. When talking about…

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