Trade Patterns of the U.S. and China

Paper Summary:

This paper examines the foreign trade patterns of the United States and compares them with those of China. The paper discusses international trade relations in general. The issue of trade barriers is presented in the paper. The paper assesses the various strengths attributed to both American and Chinese international trade.

From the Paper:

"Some believe that the United States is the most powerful nation in the world, and this is largely accurate, but it also depends on how power is considered. However, when it comes to trade, and export and import issues, the United States is relatively weak in the fact that it imports so much from other countries. Generally, this is not a problem provided that all countries get along with each other well. It could become a problem, however, if other countries were to stop their trade with the United States. Many of the countries that make specific products use them in those countries and also send them to the United States (Mansfield, & Bronson, 1997). Even though the United States is an important avenue for export, there are many other countries that also use these various goods and services (Mansfield, & Bronson, 1997)."

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