UT GOV 312L - The Summit in China (7 pages)

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The Summit in China

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The Summit in China


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University of Texas at Austin
Gov 312l - Issues and Policies in American Government

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GOV 312L 1st Edition Lecture 19 Outline of Current Lecture I The summit in China II What is globalization III Why do states trade Comparative advantage IV Why does globalization generate political conflict The distributional consequences of globalization V Institutions and US trade policy The RTAA VI The Bretton Woods order VII The World Trade Organization VIII NAFTA Current Lecture TMFPQ Asia Summit and trade Obama in China for significant summit reduced tariffs Big trade deal between China and the United States announced on Tuesday o Expanded IT agreement Both sides cut tariffs on tech products semiconductors 25 tariffs medical devices like MRI 8 tariffs GPS etc and pave way for broader multilateral deal in WTO China hesitates to protect new semiconductor industry Covers over 1 trillion in trade o Potentially linked to new investment pact between US and China Pressure from TransPacific Partnership no China o http www washingtonpost com blogs wonkblog wp 2013 12 11 everythingyou need to know about the trans pacific partnership These notes represent a detailed interpretation of the professor s lecture GradeBuddy is best used as a supplement to your own notes not as a substitute o China wants to be part of this so it s working with the US now Republican win in midterms might help Obama o Republicans have always wanted less tariffs and more free trade so this could help a brotha out TMFPQ US China Climate Change Major agreement between U S and China to control CO2 emissions Collective action Classic case of transnational problem needing collective solution see John Kerry s op ed in NYT o http www nytimes com 2014 11 12 opinion john kerry our historicagreement with china on climate change html partner rssnyt emc rss China o Pressure from citizens to clean up smog in major cities o Does the agreement go far enough o Can China deliver on promises maybe not they rely alot on coal U S o Republican objections china was not required to do anything so why should we big cry

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