The US - China Trade War Explained in One Minute: Causes/Reasons, United States Tariffs, etc.
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- เผยแพร่เมื่อ 28 ส.ค. 2019
- The US - China trade war has been receiving more and more attention... rightfully so at the end of the day in light of the fact that we are talking about the world's #1 and #2 economies.
At the title makes clear, this video is all about explaining the United States - China trade war in a comprehensive manner: from causes and reasons (on both sides) to specific measures such as US tariffs and Chinese retaliation.
While the reasons behind the US - China trade war are quite complex, it's not all that difficult to understand the big picture, to wrap your head around the various causes of the tensions between the United States and China.
As explained through this animation, it would be a mistake to assume that the United States could easily win a trade war against China. On the one hand, sure, that would definitely be both possible and hassle-free if China doesn't retaliate but realistically speaking... how likely is that to happen? Not very :)
The main message transmitted and explained through this video should therefore be crystal-clear: there's a very high likelihood that the trade war between the US and China will only have losers and as such, preventing further escalation is the name of the game!
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hey could you add bibliography in your videos it would help students in their assignments
I really thought that US is independent when it comes to products and services but it is clear to me now that china is really the sources of most products we are buying
what is the point you have mentioned on rare earth metals.............did not understand...........can you pls elaborate ?
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To dodge the tariffs Chinese companies are already investing in countries like Vietnam who benefitted from the tariffs on Chinese imports.
Also, posessing so many US currency reserves makes China itself highly invested in the value of the US dollar, and as there is no other viable world reserve currency as yet, China liquidating lots of US dollars is unlikely.
I agree that scenarios pertaining to an aggressive/immediate liquidation of China's US dollar position are overly simplistic at best. However, a controlled long-term exit... that's an entirely different story :)
Need to include services and also break down of imports from non-chinese companies that put together goods in China.
I think you should explain why you are stating off with the assumption that a trade deficit is an inherent disadvantage. China gives us goods. We are better off for that. The dollars are less important than the materials we receive for those dollars, or we wouldn't be making the trades.
DEL J Yep, it just a piece of paper and there is no alternative for US dollar so far.
The United States has imposed massive tariffs on Chinese exports on the vague argument of ‘theft’ of US intellectual property and “discriminatory” transfer of technology requirements. This is inconsistent with the WTO rules. The US argument ignores that China has implemented its obligations under the WTO Agreement on Trade-related Aspects of Intellectual Property Rights (“TRIPS Agreement”), and that in some areas has even introduced TRIPS-plus provisions.
Good point, especially with printing it for free willy nilly.
@@differentialequation9471 gold backed digital currency sounds better.
@@ianrjm969 Karatcoin?
China should boost its internal economics and strengthen its local companies. Don't need to rely too heavily on foreign companies and investments; otherwise its economy is at the "mercy" of foreigners. Same goes to scarce minerals control.
Not that simple for a country like China, with massive food and energy insecurity
Trade imbalance? I buy my apples from cheapest source , regardless of where they’re from . Not a problem to me
Hmmm... as someone who owns apple trees, I have to ask: what about the taste? :D
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GoAnimate was used in this video.
What is the prblm here ? China is producing so much goods so they are exporting ..their GDP is increasing what is the issue in that ....Then America want to produce and export more if they want ....America is what ??
Nothing is ever that simple in economics :)
@@OneMinuteEconomics then what is the difficult here ..may be u r American I guess
Nope :) It's just that the dynamics of trade are faaaaaar more complex than meets the eye, would recommend starting out by checking the "playlists" section of this channel. There's even a mini-playlist on China there
I think we, in America should make Japan our best friend in trade, :/ but idk how that's possible..
Japan is a good country, and Americans love their culture, and vice versa, we shouldn't be trading so much with nations that hurt people for existing...
Trade policies worldwide are actually being tweaked in the spirit of what you have written
@@OneMinuteEconomics That's good..
:/ But what kinda policies? I'm very intrigued
40% tariffs on all Chinese goods would end this. #decouplefromchina
Hi Richard, what about the consequences thereof?
@@OneMinuteEconomics time to #decouplefromchina we don't need them China is not our friend. The CCP virus has killed 600000 Americans.
@@OneMinuteEconomicsThat kid doesn't even understand what is and how Free Market Capitalism works