United States – China Trade Relations

Tuesday November 8, 2016 marked a new age of American politics. Donald Trump shocked the world and became the 45th President of the United States of America. The controversial businessman captivated the American public with his unconventional rhetoric and “in-your-face” campaign style. Throughout his campaign to becoming President he proposed many agendas and ideas on what he thought it would take to “make America great again.” One of his big talking to points during his campaign crusade was that he wanted to put America “first” again. Which means he essentially wants to initiate plans that benefit America first and then worry about the outside world. This was very controversial considering America has always done whatever they could to help other countries. However, Trump and his advisors believe that we as a country might be helping out others and suffering the consequences.

This idea of putting America first goes hand in hand with how he is dealing with international trade, most notably China. Donald Trump has often said that China is responsible for nearly half of our trade deficit and he believes that their government is manipulating their currency. To counter this, Donald Trump has proposed we slap a 45 percent tariff on all Chinese imports. The Trump administration says that this tariff would stem from years of China stealing jobs and manipulating the trade system. Recent studies have put the total job losses in the US associated with the Chinese at 2 million. Most of these jobs are in the manufacturing industry.

Fearing a significant tariff on their imports, China has now threatened to retaliate if these tariffs are in fact imposed. The Chinese government has relayed the message to the US government urging against these “outlandish” tariffs (McDonald). China’s Commerce Minister Zhong Shan stated that the US and China are interdependent and bilateral trade relations would have an impact on the worldwide economy. They are afraid that if things start to escalate a trade war might be imminent (McDonald).

A trade war between the US and China would have significant impact on both economies. First, if trump imposes his tariffs, China’s exports to the United States would fall around 25 percent. This means that China’s annual economic growth would decrease by as much as 1 percent. If China retaliates and imposes a tariff on the US, its economic growth would as much as a quarter percentage point (Reuters). Not to mention the consumers that would ultimately suffer. If Chinese imports get taxed, then companies would be forced to raise their prices, which would then hurt the consumer of said products. Really what this comes down to is the US trying to decrease the trade deficit with China. There are several ideas out there on how to go about this. One idea was that instead of placing a tariff on all Chinese imports, just impose targeted tariffs instead. These tariffs would be put on products that face heavy competition from Chinese imports such as steel, machinery, and auto parts. Another way to decrease the deficit would be enhance service exports to China.

Like any problem, the best to solving one is through discussion. These tensions between the US and Chinese governments are very real and very serious. The two biggest economies in the world are on the brink of a stand-off that could set both economies backwards. Sun Jiwen, spokesman for China’s Ministry of Commerce, believes that these trade tensions will resolve through much-needed dialogue. However, it might take a little more than an open invitation for Trump to join the table of discussion. Trump is playing hardball. He feels that the US has been wronged since China has joined the WTO (World Trade Organization) in 2001 (Reuters). China has said they are willing to sit down with Trump administration to come up with a plan that could benefit both nations. China’s President Xi Jinping has defended free trade on numerous occasions and stated that “no one will emerge as a winner” in an international trade war (Reuters).

These are significant times in our country. The US has always been at the forefront world leadership and it is interesting to see with this new administration how these problems will play out. Every decision has a consequence, good or bad. I hope the Trump administration weighs all of the options before irrationally making a decision. The fate of the United States economy depends on it.

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Major Importing Countries Of Basmati Rice

In the period of worldwide markets and the subsequent improvement of universal licensed innovation rights, clashes emerge between industrialized countries looking to grow new items from plants, and creating countries trying to profit by their indigenous vegetation. One case is the contention over basmati rice. Since quite a while ago recognized as beginning in the Indian sub-landmass, basmati rice is prized for its unmistakable fragrance, season, and long, slim, fleecy grains.

A standout amongst the most essential measures of numerous Asian nations’ financial execution is the cost and nature of its rice. It’s no big surprise, at that point, that policymakers have taken huge walks in endeavoring to control the flow of their national rice exchange request to balance out their particular residential markets. The five best shippers of rice are in charge of around 30% of the aggregate worldwide exchange, and the main ten are dependable around half of aggregate rice imports around the world. A large portion of the real players, including the latest best merchant, China, are situated in Asia, which is the landmass most in charge of movements on the planet’s rice showcase. Other huge rice-bringing in nations incorporate Nigeria, the Philippines, Iran, and Indonesia.

A considerable lot of the real players, including the latest best shipper, China, are situated in Asia, which is the landmass most in charge of movements on the planet’s rice showcase. Other noteworthy rice-bringing in nations incorporate Nigeria, the Philippines, Iran, and Indonesia. A lot of the rice mill plants have been established seeing the necessity of rice as a food supplement. The increasing demand in the current scenario is the basis of increase and expansion of the business of the basmati rice exporters.

The future of rice trade:

In spite of massive increases in the course of recent years, the worldwide rice advertise has been experiencing a few times of compression over the recent years. Notwithstanding this, the world’s rice exchange is required to experience real development in years to come, as key nations keep on initiating projects to build their rice generation and radically chopped down their reliance on imported rice.

As the world’s best buyers of rice modernize their ways of life and enhance their separate eating regimens, interest for new assortments of rice is additionally anticipated that would increment, taking into account different nations to assume progressively essential parts in the worldwide rice advertise. China’s uncommon development in 2015 came as amazement and, to this date, regardless of whether it will keep on dominating the market remains an intense inquiry to reply. Specialists guarantee that by the year 2040 an extra rice supply of no under 112 million tons will be required to take care of the developing worldwide demand, particularly if nations like Africa neglect to address their own developing populaces and in this manner more noteworthy sustenance asset necessities.

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Quick Personal Loan Tips

If you’re looking for a quick personal loan, you might wonder exactly how you should get started… after all, many lenders can take days or even weeks to make a loan decision and you might not have a lot of time to spare.

In order to get the most out of this type of loan, it’s important that the loan has a reasonable interest rate or repayment plan and that the loan can be processed quickly so that you can get the money that you need and begin putting it to use.

Below you’ll find a few tips to assist you in finding the quick personal loan that you’re looking for, as well as ways that you can get the best interest rates and repayment terms for your loan.

Non-traditional Lenders

In most cases, if you’re looking for a quick loan you’ll be better served by looking at some of the nontraditional lenders in your area. Non-traditional lenders include cheque advance lenders, finance companies, and even online lenders, and are usually more inclined to make instant or same-day loan decisions.

Cheque advance lenders

They are even more specialized toward this sort of loan; they do not require credit checks, and in most cases do not charge interest. The loans that they offer are extremely short-term, however; they are usually due within a few days of your next paycheque.

Finance companies

Online lenders, and other non-traditional lenders generally aren’t as fast as cheque advance lenders, but they also tend to charge less for their services and will give you a longer period in which to repay the loan.

Traditional Lenders

More traditional lenders such as banks don’t grant these loans as often, though there are some cases where you’ll be able to get a loan application processed quickly. In most cases, however, these institutions will have to send the application to their loan department… this adds time onto the regular loan processing time, making the lending process take longer with these traditional lenders. It is generally better to save these lenders for times when speed of loan processing isn’t a major factor in your loan decision.

Collateral

Obviously, you’re going to need some form of collateral for your loan… unsecured loans generally take longer to process and make a loan decision than secured loans do, and the interest rates are usually higher on top of that. So when choosing collateral for your secured loan, take the time to consider the different items that you can use for collateral and the value of each. You’re going to want to find something with a high value, likely much higher than the amount that you’re wanting to borrow; this helps the potential lenders to see that they’ll be able to get their money back no matter what, and can get you a lower interest rate at the same time that it speeds up the decision process.

Loan Repayment

Once you’ve received your personal loan, it’s time to start thinking about how to handle the repayment of the loan. If you have any of the money left from the actual loan, you should set it aside to help you get a jump on the actual repayment. More likely, however, you’re going to be repaying the loan over time and will need to budget the loan payments into your regular expenses.

Remember, making payments on time not only helps to avoid credit problems, but it can also assist in repairing previous credit problems and establishes a good business relationship with the lender that you chose.

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Where You Can Turn to Get a Quick Personal Loan

There are several instances in which people need a quick personal loan. Financial emergencies arise all of the time. When the money you need cannot wait, it is essential that you find a loan that will suit your every need. Unfortunately, all places that lend money are not very lenient.

Many individuals do not have the most superb credit, especially those who are younger and are just starting out. If you have fallen behind on bills, that will also show up on your credit report. It can be very hard in this day and time to establish good credit. There are a lot of loan companies who will not accept applications from people with bad financial standings. Several of them want nothing but the best. Banks can also be difficult to deal with when it comes to obtaining a quick personal loan because they also check your credit score.

You are probably going to have to do a little bit of looking around before finding the right place to apply. Small loan companies are great for lending just the right amount of cash, but many charge very high interest rates. It is important to understand the terms and read all fine print before agreeing to receive money from these places. Do not be afraid to ask questions to find out exactly how much you have to pay back. If you are borrowing $1200.00, make sure you can commit to paying back the full amount along with the interest. Do not be surprised if you end up having to pay back twice as much money from your quick personal loan, after you add in the interest charges.

People tend to have the most luck with payday loan companies. These really do not care if you have good credit or not. All they are concerned with is that you pay them back on time. There are usually quite a few located in most towns. You can also find them located online. The entire application process only takes a few minutes max, and all they require is that you have proof of income and identification. However, many will require that you have had ongoing employment for at least three to six months before being considered. If you qualify, you can get a quick personal loan from these type of companies the same exact day you apply. But the good news for you, especially if you have bad credit, is that they typically do not do a credit check.

Payday loan companies are by far the fastest and easiest way to get a loan. It is usually not difficult getting the amount of money you need. Most of the time, payday loan companies base the amount of money they lend you on the amount you make. They will give you a certain amount of time to pay them back. The only downside is that they may end up charging interest. Just make sure that when applying for your quick personal loan that you pay it back in full on time. You never know when you will have to borrow again. By doing your research, you can avoid applying to the wrong types of companies and getting yourself in even more of a financial bind.

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