Write a 3-4 page essay about the US–China trade war. How relations between these superpowers unraveled, darkening prospects for global peace and prosperity. Use the book ″Superpower Showdown″ as told by two Wall Street Journal reporters, one based in Washington, D.C., the other in Beijing, who have had more access to the decision makers in the White House and in China’s Zhongnanhai leadership compound than anyone else. The book was just published recently and details current events that continue to unfold. •Discuss two concepts related to the International Business content that we have learned about in this class and relate them to the United States/China relationship. Place this within the book report as appropriate. •Examine the various cultural, political, and legal issues that impact international business dealings with China. How, if at all, have these constructs contributed to the tension between the United States and China? •If current trends continue, China may emerge as the world’s largest economy by 2025. Why are relations between the United States and China so important for the world as a whole? How does the relationship between the two superpowers affect the global economy? Discuss the possible implications for such a development for (a) the world trading system; (b) the world monetary system; (c) the business strategy of today’s European and U.S.-based global corporations; and (d) global commodity prices; (e) ethics. • U.S. government officials are exploring various measures against China. Discuss those measures. How would they impact China economically? What might they mean for the United States? Why has the Biden administration maintained many of the policies put in place by the previous administration? Can you provide an example of the reasoning from current events/recent news articles? Has the maintenance of these polices helped or hurt the China/U.S. relationship? What is the implication for international business? •Based on what you have learned in the book, our class discussions your text, and other additional resources you have used, how can the United States and China forge a better relationship in the future where the two superpowers can coexist successfully and collaboratively for the long term, for generations to come. What would it take? Please explain your ideas fully supported by a news article, items covered in our text and/or lectures.
