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Business Blog Assignment
Tambo
[Institutional Affiliation(s)]
Author Note
Topic 1: Tariffs and China
Topic 2: United States, Mexico and Canada Agreement (USMCA)
Business Blog Assignment
Tariffs and China
Since the beginning of the tenure of President Trump, the US and the Chinese have locked horns in an ever-escalating trade war, imposing tariffs on each other. China seems to be winning due to its skilled workforce and larger population, but some steps can be taken from the United States to turn the tide in their favor. One of those should be making its dependence lesser on foreign products so that there is no need to impose such high tariffs on imported Chinese products CITATION Dan19 \l 3081 (Kopf, 2019). One of the ways it can be done by forcing one of the largest companies Apple, to bring all their manufacturing apparatus back with in the US. As the world's first company to hit a trillion-dollar worth CITATION Tim18 \l 3081 (Rooks, 2018), Apple has no shortage of capital needed to bring its complete operations in the territorial United States. This can be used to put pressure on China via the UN and create a lot of employment opportunities in the US in the process.
The USMCA
The United States-Mexico-Canada Agreement (USMCA) is no doubt a great initiative, especially after the recent "Mexico Wall" standoff between different factions of the government. The Democrats view this as a shady venture as they have several reservations on the agreement, which still makes its ratification pending in the US Congress CITATION And19 \l 3081 (Andrea Shalal, 2019). The most obvious concern posed by the Democrats is the Labor wages in the car industry among the three states. The lowest car worker wages are in Mexico, so naturally, all the work will be diverted to the Mexican car manufacturers CITATION Cam18 \l 3081 (Campbell, 2018). I would like to suggest that there should be a new standard implemented in this regard. Instead of monetary standards, there should be a fixed number of percentage of workers allocated to the industry from each country. This will not only render the need for making the Mexican Wall unless, but also curtail the need for spending millions of dollars on the strict measures of containing Coyotes on the Mexican Border.
References
BIBLIOGRAPHY Andrea Shalal, R. C. (2019, November 21). House Democrats see progress on U.S.-Mexico-Canada trade deal, passage possible this year. Reuters, pp. https://www.reuters.com/article/us-usa-trade-usmca/house-democrats-see-progress-on-u-s-mexico-canada-trade-deal-passage-possible-this-year-idUSKBN1XV1Z8.
Campbell, A. F. (2018). Trump's new deal is better than NAFTA was, but obstacles remain. VOX.
Kopf, D. (2019, July 30). The US will have a hard time not getting these products from China. Quartz.com, pp. https://qz.com/1654798/these-are-the-products-the-us-is-most-reliant-on-china-for/.
Rooks, T. (2018, August 2). Apple is the world's first trillion-dollar company. DW, pp. https://www.dw.com/en/apple-is-the-worlds-first-trillion-dollar-company/a-44931038.
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