Protectionism In The United States

Good Essays
Protectionism is when the government tries to limit, or prevent goods being shipped in from other nations.Protectionism can be put in place through many different ways, the first being tariffs which taxes anybody who exports their goods into the nation that believes in protectionism. There are also many ways in which government implements protectionism without taxes or tariffs. One way that they do this is by enforcing quotas which reduces or puts a limit on the number of goods in which a nation will import.Another way in which the government enacts protectionism is by putting subsidies in place for domestic producers to help them, through tax breaks, or giving them money to increase their productivity. Currency control is also used to limit …show more content…
The United States already relies on places such as China for way to many products as it is because they can make it cheaper and quicker then we can in the US. If the US and China were to go to war with one another many products that we import from China will become very scarce or limited in quantity, and this will cause many products to become very expensive when we could have just kept the products domesticly made and not have to worry about an issue like this occuring.I believe the US should be more independent when it comes to trade because if you rely on everyone else to produce goods for you, once you lose them as an ally or trade partner then you put the whole country and economy at risk. I believe that the government should give business subsidies that will discourage outsourcing, because to many americans are lossing jobs because these companies realize how much money they can save by outsourcing a division, or part of their company overseas. I am not against free trade however when people in this country are losing jobs to people overseas their is a problem with the scale and amount that the US relies on this free trade.I think trading should leave all parties involved better off but when the U.S leaves with massive amounts of debt, and thousands of people being laid off from outsourcing …show more content…
The US is interested in the deal so it can be more involved in trade and not let China have more power then they do in the global trading market. The TPP is so controvesial because the terms of the agreement weren 't disclosed at first and once they were they weren 't exactly what was expected of them to be.It is also controvesial because some econmists say that the United States economy will grow by about half a percent while others say that it will hurt the economy by half a percent.According to citizen.org/tpp another problem that has been brought up with it is allowing pharmacutical companies to hold longer patents and control the prices of their medicine. Internet usage will also be monitored in a way that will allow the government to see what you are doing at all times.I think that congress shouldn 't pass the TPP because their is to much uncertanity.According to ustr.gov the TPP will help increase the amount of exports that we send overseas which will help our economy,and many consumer goods will become cheaper since they will be imported for the cheapest price possible(Bradsher and Pollack, 2015) however it doesn 't tell you that

Related Documents

  • Decent Essays

    Superiority Of China

    • 1170 Words
    • 5 Pages

    Therefore, China will have a difficult time preventing the currency from appreciating, which in turn will make exports from China less beneficial (Bradsher). Due to the ironclad law, China’s goods will not be as desirable (Trefler 42). Even though the U.S. owes China a large sum of money for the exports brought into the country, eventually the yuan will rise to a level that is no longer competitive (Trefler 42). When the U.S. buys goods from China, the U.S. needs to buy the Chinese yuan to complete the transaction. As the U.S. continues to demand goods from China, it will increase the value of China’s currency.…

    • 1170 Words
    • 5 Pages
    Decent Essays
  • Decent Essays

    While a big portion of globalization is dealing with trade, being aware of horrible issues like this is another large portion. Green energy is now becoming more widely available in the United States, but why is China not switching to protect their citizens and the environment? It is because the companies that are in China, and the companies that pushed jobs overseas are more worried about the profits than the wellbeing of the future and of the wellbeing of today’s…

    • 1042 Words
    • 5 Pages
    Decent Essays
  • Decent Essays

    LVMH In China Case Study

    • 1213 Words
    • 5 Pages

    LVMH should also limit their store growth in China. By doing this, it would help reduce costs and it would increase exclusivity as well. Strategic Initiatives Since the Chinese sales contribute to one-third of the revenue for LVMH, they need to figure out how to keep the Chinese purchasing their products in China rather than traveling to other countries. However, since the euro has collapsed and the luxury taxes are so high, it is easier for the Chinese to travel abroad to purchase their LVMH products. In order to get the Chinese to get back to purchasing Louis Vuitton’s in China, they have started to provide first-rate services and improve their shopping experience.…

    • 1213 Words
    • 5 Pages
    Decent Essays
  • Decent Essays

    Jabwood Case Study

    • 1619 Words
    • 7 Pages

    Whether the production process will take place in the host country or the product will just be imported is a matter of export, joint venture or FDI mode of entry into the new market. They will be explained later in the work. However, judging by the data of the case, the ease of doing business in China is 91/183 and that of Saudi Arabia is 12/183. Also, the time required to start a business (in days) is 38 for China and 5 for Saudi Arabia. In this train of thoughts, if the production has to potentially move, then China may be the better choice because the ease of doing business is more important than how fast you start it.…

    • 1619 Words
    • 7 Pages
    Decent Essays
  • Decent Essays

    International trade and the impact it has on the United States is seemingly always argued about. Politicians, corporations, and people in general all try to argue whether trade has a positive or negative impact on the United States. However, as the 5th principle of economics states, trade can make everyone better off, including the U.S. In trade there will always be winners and losers but this doesn’t mean that at times it helps and at other times it hurts the U.S. People rarely notice the winning side and focus more on the losing side, which is why it may seem that the U.S. is negatively impacted. Although, the reality is something completely different.…

    • 960 Words
    • 4 Pages
    Decent Essays
  • Decent Essays

    China is often used as a scapegoat for opponents of globalization who say the U.S. should increase tariffs or cut trade with China (by far largest trade deficit of the 100+ deficits the U.S. enjoys), but what these opponents fail to realize is that it is only because of globalization that the U.S. is able to continue growing right now. With the massive savings shortfall in the U.S. economic growth would not be possible without importing surplus savings from abroad and having these deficits. Globalization is good for the…

    • 729 Words
    • 3 Pages
    Decent Essays
  • Decent Essays

    Rise Of China Case Study

    • 1246 Words
    • 5 Pages

    As a result, both countries would expand their military increasing the likely chance of war in the future. Furthermore, optimistic realism argues that China is not as militarized as the U.S. For example, China is increasing its aircrafts, naval capabilities, and military budget, yet their military is not adequate to overthrow that of the U.S. With regards to optimistic realism, it supports the theory that the U.S does not fear their security dilemma because of factors that slow China’s progress, such as “ creating efficient, equitable, and open legal and financial institution” (Friedberg 19). As a result, this hinders China’s growth and “will most likely continue to lag and may even fall further behind” (Freidberg). All these factors result to a…

    • 1246 Words
    • 5 Pages
    Decent Essays
  • Decent Essays

    This shift in demand is presumably a major root of the problem because consumers interest in foreign commodities has changed and results in lacking investment for China. Economists and other Chinese citizens are aware of the prevalent issue and in response, they are beginning to invest in other countries, hoping to preserve their money. Moving money out of their own country is only lending a hand to the issue because further investment is deprived of the Chinese…

    • 1088 Words
    • 5 Pages
    Decent Essays
  • Decent Essays

    To reduce the amount of illegal immigrants crossing the border, reducing the potential earnings they can make in America will change their mind about the “American dream”. Not only is it effective, it’s better than wasting more money on border control or building another wall of China then having to fight the underground trespass war. Different countries have different policies and conditions towards immigration. Some required one or more relatives already a citizen in the country, others may ask for disclosing assets. Immigration requires a tremendous amount of paperwork and the process is also hideous.…

    • 1106 Words
    • 5 Pages
    Decent Essays
  • Decent Essays

    The condition persisted until the nation had to involve itself in both indirect and direct smuggling as a means of ensuring progressiveness and continuity in business. The result of this was it could acquire goods from the US despite the ban though it was an expensive deal. The prevalence of free trade never existed and resulted in the country having to pay increased taxes for the shipping among other paramount services. The indirect smuggling involved the use of other nations that had established trading relationships with the US to access the goods and…

    • 1088 Words
    • 4 Pages
    Decent Essays

Related Topics