The world’s largest and second-largest economies have been locked in a bitter trade dispute since the Trump Administration has acted upon protectionist policies, with particular impact to the Southern California economy, one of the nerve centers of trade with East Asia. CSUF Mihaylo College Economics Associate Professor Pedro Amaral and Lecturer Aaron Popp examined the trade dispute and where it might go next at a Nov. 28 panel discussion.
At a summit meeting on the sidelines of the G20 conference in Buenos Aries, U.S. President Donald Trump and Chinese President Xi Jinping have agreed to a temporary truce in an escalating trade dispute between the world’s top economies.
As much as $250 billion in Chinese imports and $110 billion of U.S. exports have been tariffed since Trump mandated the first of three rounds of tariffs on Chinese imports on July 6, following an investigation by the U.S. Trade Representative. The East Asian nation has countered with tit-for-tat duties on American exports.
“About 46% of total Chinese imports are being tariffed, but L.A. is serving a smaller percentage of those products [that are being tariffed] – 41%. But any later round of tariffs will have a harder impact on the local economy,” said Aaron Popp, Mihaylo College economics lecturer, of the situation and its Southern California impact at a Nov. 28 symposium, sponsored by the CSUF Economics Association. Read More