China U.S trade
When confronting the issue of the MASSIVE trade deficit that the United States has put itself in with China one must examine cultural factors. Why does the U.S wish to keep adding to the deficit with no solution in sight? In short it all boils down to the need for cheap goods, the United States loves a deal and stuff coming from China is definitely cheaper. China is able to sell these goods so cheap because of the abundance of cheap labor that China has. There is no way the United States citizens would work a the rate and pay scale that some Chinese factory worker do. Nevertheless, the U.S is in big trouble with no solution to their growing trade deficit, So I pose the question, what should the U.S do to start combating the issue?
Labels: Foreign Trade
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