Trading with China, would they be able to survive without us and vice versa?
Trading with China, would they be able to survive without us and vice versa?
Both economies would be hurt really quite badly, at least for a while. 22% of Chinese exports go to the US, while 14% of the US exports go to China.
I think both countries would survive, for sure, but not without damage.
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Originally Posted by Hahahaha David Deas
The US would manage. We still have malaysia and India to work on.Originally Posted by Justinian
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The cost of labour in China is cheap as chips (literally), so i think the US would be hurt more by cutting exports to china.
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It doesn't matter if the Chinese have a poop-load of people if they have no purchasing-power. The US needs the cheap goods and the Chinese need someone to sell those goods to.
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Both will survive. But ask yourself what if China unloads the bonds (treasury bonds) it has and brings the US Dollar down... then it might be a whole different story.
I would think the Chinese are quite dependent on the US economy, no? If we stop trading with them, there economy goes down the toilet as would ours...its an interdependent world.Originally Posted by Deathvving
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China needs to export, whereas the US has a greater need of imports than China; both would, of course, be screwed, but China would overall suffer less thanks to the opening European market now that the trade restrictions are being lifted.
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I find the question a little unclear. What would happen if America and China would stop trading, but then the first questions that springs to mind is: why would they stop trading. One can easily claim that it would affect the US much more than China, but if this stop would have been made because of political reasons I think the consequences wouldn't be quite that simple...
Oh, I don't know. China can easily defend its interests as can the US so any war would really have to be economic or espionage, and we saw how badly espionage wars work in the second half of last century.
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Ferrets54, Honeohvovohaestse, et Pallida Mors in patronicum meum sunt
War is absolute foolishness and very unrealistic, I was more thinking what consequences it would have on the rest of the world and primarily Europe. If the US would put a stop on trade-agreements with China, this would place Europe under immense pressure, as they are expected to back-up their allies. Judging by the attitude of European leaders today, I don't find it improbable that the EU would bend for such pressure. If that would be the case, Chinese exports would come to a halt, and the Chinese economy would implode.
This is just one example, I can probably make up a dozen more.
Actually we seem to hate the US as much as China in Europe, and certianly don't jump when they say to (minus Britain); and of course, cheap goods are much appreaciated by the electorate, and as a set of democracies, the EU would probably in fact step up trade with China to make up fdor any lost US trade.
primus pater cunobelin erat; sum in patronicium imb39, domi wilpuri; Saint-Germain, MasterAdnin, Pnutmaster, Scorch, Blau&Gruen,
Ferrets54, Honeohvovohaestse, et Pallida Mors in patronicum meum sunt
No it wouldnt, for the simple reason Europe is more protective over its markets then US is. We've seen the result 'free trade' with between US and China as far as trade deficit there is no way Europe would step up to make up for lost US trade. I dont understand why some people fail to realize that as dependent the US is on China, China is equally dependant on the US. It (for better or worse) is alot easier to find cheap labor in the world then it is large, rich and *open* markets. Lets propose something like this happened, there is India, there is Mexico, there is Vietnam etc. China right now is a car moving at 100mph, the US is a car moving at the speed limit...toss an obstacle into the path of both cars and which car is going to be impacted the most?Originally Posted by Squeakus Maximus
Thats very Hurtful, personally theres never been a moment in my life when ive hated europe! Excluding just when the Iraqi war was starting and I was brainwashed with white house propoganda.Originally Posted by Squeakus Maximus
Anyway, yeah there would have to be a really big reason for each nation to commit economic suicide like that.
There are more EU countries who jump for the US.Originally Posted by Squeakus Maximus
I can know, I live in one.
But the EU is ruled by France+Germany so as a whole the EU won't do whatever the US asks them.
The EU trade relationship with China is very different from their relationship with the US.
The US is mainly an export market, while we mainly import from China.
And both are very important.
Basically the EU exports expensive goods to the US and uses this money to buy cheap Chineese goods.
Endling trade with the US wil cause a trade deficit and ending trade with China wil cause inflation, both are bad.
"Actually we seem to hate the US as much as China in Europe"-squeakus
I haven't noticed this.
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I think U.S. would take more of a fall but we'd recover faster than china's smaller fall. so i think U.S. would take the bigger hit but it wouldn't ruin us,nor would china be in ruins.
-and i find that if you read enough articles on this forum or play enough online games you'll find that most of the americans that get to make an impression on people from other countries are infact, :wub:s. I've seen more than enough of my fellow americans claiming that we are far superior to any other thing on the planet, kind of ruins it for the all the other americans.
"Do I not destroy my enemies when I make them my friends?"
Originally Posted by Redfoxx
And on the flip side you tend to see far more smug Europeans who look down at Americans like we are little more then barbarians or children on alot of forums..here included. It goes both ways, yes there are stupid American 'red necks' who think we rule there are also Eurotrash who think they are the defination of civilization and culture. I doubt either group represents the majority of the population from each region. I also find it odd declaring that EU 'hates' or dislikes the US..based on what? If a single president and 8 years can wipe out the general goodwill and relationships between Europe and the US that existed for decades so easily then its a relationship that has been worthless. More then likely however the dislike for American is being overstated by a vocal, ignorant minority (the same type of people on this side of the Atlantic who resort to 'Freedom' Fries and other childish behavior) that will soon lose its rallying point when GWB's term is up and will have to find a new target.