NeckySairah L.

Yatan FinM52 – A December 8, 2019

Quiz # 1

This article talks about that the GOP enthusiasm fell more significantly in countries that were
particularly exposed to the effects of Trump’s ongoing trade disputes. The voters were also
concerned about losing recently acquired health insurance, consistent that the health care was a
highly salient issue in many House races.

There can be little doubt that an escalating trade war will dent growth in the US and China,
as well as the wider global economy. Yet this downbeat prospect will at least be partially offset when
companies, and indeed some countries, pick up business resulting from restrictions introduced by
the US and China. Two kinds of shifts will affect Asia, both linked to the impact of tariffs on China.
The first involves short-term changes in trade from one country to another, as happened for
instance when China stopped buying soybeans from the US and sourced them from Brazil instead. In
Asia, this is likely to have an effect as US companies seek to replace tariff-hit Chinese goods with
cheaper products sourced from elsewhere around the region.The second shift is longer-term and
more significant, as companies look to shift some of their production away from China. This could
happen either by companies seeking to source products from new suppliers in other countries, or by
replacing factories they operate in China with new facilities elsewhere in the region. Whatever else
happens as the trade war develops, an era of rising trade restrictions is likely to make it more
difficult for poorer Asian nations. In turn this is likely to make it harder for countries to follow the
path first pioneered by richer economies in East and Southeast Asia like Japan and South Korea,
whose development models relied in part on rapid growth in developing exporting industries.

Quiz #2

The article talks about the expanding their military cooperation but increasing their
economic ties, highlighted by a stronger high-tech partnership spanning telecommunication,
artificial intelligence, biotechnology and the digital economy between Russia and China. In relation
to the last discussion, there is a trade barrier that the news was telling about because of United
States where want to ban the Chinese mobile giant Huawei. On the other hand there is also a trade,
a trade where it involves the exchange of good and services where China is taking advantage of
Russian expertise and Russia making use of China’s high-tech capabilities.

The two impacts of the Russia and China’s High-Tech bet are threat in US national security
strategy characterized China and Russia as strategic competitors where there is an ongoing issue
about US and China trade war. The longer trade conflict between the US and China goes on, the
more it looks like a new and enduring feature of the global economy rather than a temporary
aberration. Over the last two years President Donald Trump has targeted various restrictions at
China, aimed in part at curbing the US’s yawning trade deficit with its Asian rival. The impact of these
policies is now being felt, hitting growth forecastsglobally as well as in both the US and China.
Threats to domestic prosperity might eventually push the two parties towards a deal to defuse some
of these tensions in the short-term. Even so, their recent disputes have revealed wider geopolitical
rivalries and competition for global technological leadership that are likely to fester for years to
come. After decades of successful economic liberalization these forces are pushing the world
towards an era of protectionism.The prospect of ongoing and potentially rising trade tensions will be
especially damaging for Asia, hitting investment flows into the world’s most trade-dependent region,
and economic development overall.