Us China Economic Competition Trade Policy Analysis Essay

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Business Article Summary and Review


A Reuters (2024) article from November 2024 discusses the economic impact of a Trump administration on US business. Among other aspects of the impact are the effects of tariffs, new energy policies, labor, de-regulation, and technology. But perhaps most importantly, the article highlights how Trump plans to place Elon Musk at the head of a government efficiency program to eliminate government waste. All of this means that there could be sweeping economic headwinds and tailwinds for US business.
First, is the decision to eliminate waste. Reuters (2024) reports that Trump plans to slash $2 trillion from the federal budget. This could be a serious blow to government contractors—or, it could open the way to re-investment in the American economy. It remains to be seen what will happen.
More importantly is the issue of tariffs. Trump has been apparent about his plan to impose 60% tariffs on China. This could have an enormous impact on supply chains . It could also lead to retaliation. In the globalized economy, tariff war can be very detrimental to way international business is conducted (Goldberg & Reed, 2023). The goal is to get businesses to invest in American made products and to get American industry revitalized.

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Again, it remains to be seen whether…

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…new considerations made in terms of resources, energy, long-term sustainability, and opportunity cost. Businesses will have to look at internal and external market forces when making decisions about whether they should expand, contract, stay the course, engage in research and development, and so on.
There will also be the corporate social responsibility aspect to consider. CSR has become a big issue in business and economics, but with a Trump administration, it could be seen as less important. Trump has made clear that he does not like the “woke” agenda, and some leaders may see it is an opportunity to eliminate some CSR programs. That could be a boon to the bottom line,….....

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"Us China Economic Competition Trade Policy Analysis" (2025, January 10) Retrieved June 5, 2026, from
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"Us China Economic Competition Trade Policy Analysis" 10 January 2025. Web.5 June. 2026. <
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https://www.aceyourpaper.com/essays/china-economic-competition-trade-policy-2183032
   

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