Cesar Zepeda-Soto
Mr. Wilson
6th period
Should imports of foreign cars or other foreign products be limited or restricted by law? The United States have many economic ties with many different countries throughout the world. These economic ties are bounded by imports and exports. Imports is defined as bringing in goods or services into a country from abroad for sale. A vast majority of the automobiles that is driven around the United States are imports from other countries such as Honda from Japan, Toyota from Japan as well, BMW from Germany and etc. Many of the common necessities of everyday life of an American citizen is from a foreign country, meaning that they are imported into the United States. Foreign cars and other foreign
…show more content…
China, one of the most complicated relationship with the United States politically but economically, they are best friends. China’s number one import is technology such as cellular devices, computers, and even air crafts. Japan sends to the United States things such as medical equipment, machinery, technology as well as air crafts, just like China. The United Kingdom sends to the United States through imports electronics, air crafts, and pharmaceuticals. So why are these imports so important? It is because the United States can only manufacture so much. If the United States were to manufacture all of these, then there would have to be a lot more factories opened here on US soil. But due to the fact that other countries are making these commodities and importing it to the US, there is not a need to open up factories and begin manufacturing. But you can also stop and think: is the clothes that I am wearing American made? Chances are, they aren’t. China and India are the leading countries in the source of textiles in America. The tag that you see on the back of your shirts, jeans, even shoes more than likely say “Made in (Foreign Country)”. Take for example, one of the most popular shoe brands in America, even the entire world, Nike. Nike shoes were made in South Korea and Taiwan during the 1970’s. They eventually expanded their business in other countries such as Indonesia, China and Vietnam. The reason why the shoe company chose to expand their
In 2004 according to a report America’s imported as much as Japan, Germany, China and India combined.
Mostly, when we were trading with other countries, we wanted to find as many as possible and keep them to ourselves, away from the other countries wanting to trade. The U.S. did this because our country was expanding, and so was out economy. We mostly traded with China, which was flowing with products that the U.S. wanted and needed. In this time, the U.S. has traded more than ever. In William Howard Taft’s First Annual message, it states, “To-day, more than ever before, American capital is seeking investment in foreign countries, and American products are more and more seeking foreign markets.” This shows how we were in need of
Although the United States’ trade with China seems beneficial, trade with China, a country which does not care for even its own people, might be a bad decision. The country of China has much lower standards for human rights, meaning that they also have little regard for the wellbeing of people from other countries. Furthermore, China does not permit freedom of speech for its citizens, who have little way of pronouncing their dissatisfaction over political or other matters. Finally, to a certain point, the Chinese people are restricted of their religious rights. Although the U.S. believes that trade with China is beneficial for both parties, commerce with China, whose government has low standards for human rights, particularly those
* Products that are commonly imported in the United States are oil, cars, and clothes. These products are very important to humanity.
From January until October in 2010 imports from China to the United States this year were $299,026.0 million and only $72,276.2 million in exports to China, leaving a U.S. trade deficit of -226,749.8 million - this is according to the U.S Census Bureau U.S Foreign Trade Statistics. Here we can examine that Chinese
First of all, the amount of clothing in the United States that had been purchased from other countries has been increasing in great numbers. Most clothing in America was made in America until the 1970’s when clothing from outside countries started becoming more common. This happened because labor costs were much cheaper in other countries than in America, causing the products from those countries to also be much cheaper than those made in the United States and retailers were gaining better profits. The minimum wage in the United States is $7.26 per hour, while in China the average clothing factory worker earns $1.26 an hour and $0.52 in Cambodia. By 1990, of all the clothing sold in America, fifty percent were made in America- which has
logistics, which is totally different from what we’ve heard of. That is, the rise of China benefits
Although the Chinese apparel manufacturers would lose profitability due to rising cotton prices and competition from emerging countries, they stand to gain the most from the removal of U.S. quotas and tariffs. According to the author, in 2007, 95% of the 20 billion garments Americans made were purchased overseas. Due to U.S. trade barriers, China’s share of the U.S. apparel import was only 30%. Once these barriers were removed, Chinese apparel would flood the American market due to their low cost and dominance in garment manufacturing. Experts predict that China could eventually supply 85% of U.S. apparel. As they increase their market share in the
Americans love to shop. With malls everywhere you go, shopping just might be America's favorite past time! When you are out shopping though, do you ever stop to think where all of those clothes and shoes come from? When I was younger, well, actually until recently, I always thought they were all made by machines. Shirt machines, pants machines…you get the picture. I have learned, however, that for the most part, clothes are still made on sewing machines, by people, and often under circumstances that we can only imagine.
In fact, there was so much economic activity driven by China that they experienced a shortage of shipping containers for transporting goods. An important factor that has contributed to their economic rise was a conservative management of their relationship with the United States— this is important, considering that the United States is
In history, We often point to the 1970s as the starting point for US-China trade, but I found that actually it can go back to the 18th century after the American Revolution. At that time, Americans got tea, silk, and porcelain was primarily through the British East India Company, but there was also a lot of smuggling going on at the same time. Anyway, it wasn't that the Americans went to China to get these goods (Christina). Later, Americans got well involved in the China trade after they beat the British in the revolution. After the war finished, the British East India Company's monopoly did not exist any more, so the Americans could go to China and they did by driving (Christina). Besides, another element that gave them the financial
The United States and China share the most imbalanced bilateral trade relationship in the world. The United States imports more goods from China than it exports to a tune of $202 billion dollars each year. All told, China alone accounts for nearly 26% of the
In terms of geographical breakdown of imports, again the major trading partner is Asia accounting for around 66 per cent followed by Europe 17 per cent and USA 9 per cent. The import/export imbalance with respect to the USA is one of the reasons causing discomfort in Washington
The Chinese are an emerging economy that has taken over the world's production in recent years. In fact China is now considered to be the world's factory, as all the major players in the world outsource all or some of their manufacturing activities to the country. All this would not have been possible without the help of technology and with the state of globalization being such, that logistics and distances are becoming shorter and shorter.
Another challenge is that despite the ability to manufacture products cheaper in China, there is a flip side to this situation and that is that sometimes, that “made in America” sign on the back of a product could mean more than the few dollars more it costs to buy that product. Some Americans, in their spirit of patriotism, care more about supporting the American economy than saving a little bit here and there buying products that were manufactured outside of the United States. Balancing the stigma sometimes associated with making a product in a foreign country with the lower costs that usually comes along with that is important in doing business in China as well.