Reference no: EM133302646
Assignment:
"A trade agreement between the United States and China will result in China buying an additional $200 billion worth of goods and services from the United States over the following two years".
The European Union and the United States have opened fresh trade talks with the goal of removing tariffs on a variety of industrial items.
Explanation:
1. "A trade agreement between the United States and China will result in China buying an additional $200 billion worth of goods and services from the United States over the following two years".
2. The European Union and the United States have opened fresh trade talks with the goal of removing tariffs on a variety of industrial items.
3. Both of these news stories illustrate the continuing trade negotiations between the main economic powers, which connects them to the global political economy. The first news item notes the agreement that two of the largest economies in the world, the United States and China, have struck, while the second news item shows the European Union's intention to hold trade talks with the United States. These news stories highlight both the complexity of the world's political economy and the significance of trade agreements in determining the direction of the economy.
4. These news stories, in my opinion, are both intriguing and significant. They emphasize the importance of trade agreements in influencing the world political economy as well as the continuous trade discussions between major economic powers. I believe it is crucial to monitor these negotiations because they have the potential to have a substantial impact on the world economy.
5. The US pulling out of the Iran nuclear deal and the rising trade tensions between the US and China are also the most recent news items relating to issues surrounding the world political economy.
6. Trade tensions between the US and China have been rising for a while now, and they don't seem to be going anywhere. China responded with retaliatory tariffs to the US's most recent round of import taxes, and the two countries are now embroiled in a bitter trade dispute. Due to the fact that the two biggest economies in the world are currently at odds, worries have been raised regarding the future of the global economy.
7. The world political economy has also been impacted by the US decision to leave the Iran nuclear agreement. Iran is now free to pursue its nuclear objectives, despite the fact that the deal was intended to stop Iran from developing nuclear weapons. This has heightened Middle East tensions and strained relations between the US and its allies in Europe.
8. The political economy on a worldwide scale has been significantly impacted by these most recent news articles. They have escalated tensions between the US and China and strained relations between the US and its allies in Europe. The effects on the world economy could be profound as a result of these changes.