China, a Perceived Threat Soon to Have   Economic Sanctions?

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Recently the US Government decided that America should be putting more pressure on China. They   have failed to follow what they had agreed to abide by as a prerequisite to   join the World Trade Organization. This has made the American Government   (finally) act. They plan on putting a chief economic advisor in China and are   looking into putting restrictive trade tariffs on Chinese products. Though America will   likely stance to threaten or just report to the WTO, it is interesting to   view this new turn of events.

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Article written by: J. Landon Published Date: Feb 23, 2006

Article Abstract:

China   has refused to cut their barriers to car parts or to effectively monitor flagrant   disregard to copyright law. Arguably, the United States has not done a very   good job at cutting down abuse of copyright law. Web sites like Kazaa, which   harbor very many illegal downloads. Despite some recent action against big   downloaders, the United     States has remained very stagnant about   shutting down this type of activity. So, it seems somewhat hypocritical of   the United States to   report China   to the World Trade Organization.

A look at the current US moves to inhibit Chinese   growth, will it work and does it matter?

Arguably, the United States government is   simply a transparent lie. Now, I know, I sound like a conspiracy theorist but   it does make sense. As American businessmen and just Americans in general get   a sense of greater and greater foreboding from the booming Chinese economy,   American government must take action. These actions are not going to have a   very large impact on the Chinese economy or the relationship between the United States and China because as of right now we   are co-dependent. The Chinese still need the American market and the   Americans still need Chinese products. However, this relationship will not   last forever, eventually the Chinese will no longer need the American   monetary power and it is this that Americans are desperately trying to avoid.

America   is always going about their trade sanctions incorrectly. At a time where the   American economy is wholly based on foreign trade, (basically only management   still exists in America,)   a tirade against one of the most (economically) powerful countries in the   world will not help. America   is once again falling into special interests. We would like to get rid of Iraq because   we think Saddam Hussein is a bad leader. We would like to ensure our   independence of markets. Well guess what folks; we already lost our economic   independence. This is not necessarily a bad thing; it encourages a higher   need for education in America   and it also gives America   the chance to have a large, though dependent managerial economy.

All in all, America will not always be the   top economic power in the world. Its position in the 1960's is falling; America   is no longer and will never be the only notable economic power in the world.   However, America   will always be a great country. We have lost our independence, so what? We   will trade our managerial services for world production. We will always have   a robust economy as long as the ticking time bomb of our national deficit is   taken care of while people are still willing to lend America   money. Other than a sudden pull back of trade with America by all countries (which   is highly unlikely) we should be fine, just not necessarily the richest of   them all.