Trumpolitics Flashcards
How did the Trump administration compare to the South Korean government during the first early stages in the pandemic?
In late February, while other high-income countries were ramping up testing and developing tracing procedures, President Donald Trump stated that “the Coronavirus [was] very much under control.” It was during these critical early weeks and months that the United States should have been stockpiling protective gear for frontline workers and making testing widely available. In contrast, South Korea, a country whose first confirmed case of COVID-19 coincided with that of the United States, bought 720,000 masks for employees of businesses considered at risk of exposure to the coronavirus.
How is the U.s economy dependent on china?
Another stark contrast between the United States and its international, high-income peers stems from the ways in which this administration has failed to maintain an adequate connection between workers and their employers. Since the beginning of March, the United States has seen 23 percent of its February labor force—37.6 million workers in total—apply for unemployment insurance. The enhanced unemployment insurance provisions included in the Coronavirus Aid, Relief, and Economic Security (CARES) Act have no doubt made a huge difference for the unemployed, but there are also meaningful nonmonetary benefits that come from staying formally employed, including health care for 49 percent of Americans. Facing what could have been comparable job loss figures, the United Kingdom declared in March that the government would cover up to the lesser of 80 percent of workers’ salaries or 2,500 British pounds per month—just above the median salary—if companies agreed to keep them officially on payroll.
Are China and US still in a trade war?
US exports to China barely reached pre-trade war levels even by 2021. Newly released data from 2022 show that US exports are falling farther and farther behind foreign peers also selling into the Chinese market.
Why is the US in a trade war with China?
As the largest commercial conflict in modern history, the China-U.S. trade war, launched by then-President Donald Trump almost five years ago, was intended to pressure Beijing to change its unfair trade practices and decouple the United States from China’s economy
Did the trade war with China hurt the US?
Numerous studies have documented the negative impact of the trade war tariffs on the US economy. [10] Tariffs have hurt US manufacturing output, employment, and exports.
Did Donald Trump implement a 25 percent tariff on 34 billion dollar Chinese goods?
On June 15, Donald Trump released a list of $34 billion of Chinese goods to face a 25% tariff, starting on July 6. Another list with $16 billion of Chinese goods was released, with an implementation date of August 23.
Did China seek to deescalate the trade war?
On july 6 2018 the u.s imposed a 25 tariff on 34 billion dollars worth of chinese imports china reacted and kind on the very same day this tit for tat repeated again the following month but come september china was not keeping up over the course of the next year the us would raise tariffs and china would not retaliate and then in september of 2019 a de-escalation had begun
What is the Phase One trade agreement?
The Phase One economic and trade agreement addresses certain acts, policies, and practices of China identified in the Section 301 investigation related to technology transfer, intellectual property, and innovation.
When was the Phase One trade deal?
Under the deal, China agreed to expand purchases of certain US goods and services by $200 billion for the two-year period from January 1, 2020, through December 31, 2021, above 2017 baseline levels.
How did Beiijing relaliated and what was Trumps justification?
Beijing retaliated by hitting around $100 billion of U.S. products, and most of the duties imposed by both sides still remain in place two years into the Biden administration.
Trump justified a number of his trade actions in the name of national security, a trend that has continued during the Biden administration, especially in the form of export controls aimed at keeping the most sensitive U.S. technology away from China’s military.
What is the chinese spy balloon?
Chinese spy balloon gathered intelligence from sensitive U.S. military sites, despite U.S. efforts to block it
Does US still has record exports, despite shifting sourcing from China and other sources?
Despite that, the United States still had record exports to a number of trading partners, including the EU, China and more than 70 others.
“You can see some shifting of sourcing — a little bit less from China and somewhat more from some other sources,” Gresser said. “But you haven’t seen that show up as the U.S. trading less than it used to be. In dollar terms, we’re trading more than we did in the past.”
