The purpose of this project is for you to demonstrate an understanding of current events and their effect on management, management processes and operations.
Outcome Met with This Project
- Discuss the financial, economic, regulatory, sociopolitical, and technological factors as they relate to a dynamic business environment.
How to Set Up the Paper
Create a Word or Rich Text Format (RTF) document that is double-spaced using Times Roman New 12-point font. The final product will be 3 -4 pages in length excluding the title page and reference page. Write clearly and concisely.
Create a Title page with a title for the paper, course number, your name and the instructor’s name.
Course Materials and Research
This project requires you to research. You will first research using the U.S. Census Bureau to extract information related to the U.S. trade position. You are expected to address the requirements in the template below, using course materials and research to support the reasoning. Note that using course materials and reference articles goes beyond defining terms but clearly and thoroughly explains the ‘why and how’ of a situation. Avoid merely making statements but close the loop of the discussion by explaining how something happens or why something happens, which focuses on importance and impact. In closing the loop, you will demonstrate the ability to think clearly and rationally showing an understanding of the logical connections between the course materials, your reference articles and the question(s) being asked.
Use the following template using the headings to separate elements. Create a new paragraph for each bulleted item below. Do not use bullets in your paper as the required format is in narrative format with indented paragraph and no extra space between paragraphs.
- Write an Introduction paragraph.The Introduction paragraph is the first paragraph of the paper and will be used to describe to the reader the intent of the paper explaining the main points covered in the paper. This intent should be understood prior to reading the remainder of the paper so the reader knows exactly what is being covered in the paper.
- Consider writing the introduction last to ensure that the main points are covered.
- Using the U.S. Census Bureau, identify the export, import and total trade amounts for the United States for the last reported year end (2019).
- Monthly trade numbers can be found here: https://www.census.gov/foreign-trade/balance/c0004.html
- Calculate the balance of trade and discuss the results.
- Explain how imports and exports affect the US economy.
Trade with China
Currently, China has tariffs in place on approximately $110 billion of U.S. products. The tariffs range from 5%-25% and are placed on products that include soybeans, beef, pork, seafood, vegetables, liquefied natural gas, whiskey and ethanol. On August 1, 2019, the Trump administration announced that it planned to levy tariffs of 10% on over $300 billion of Chinese imports.
Answer the following requirements:
- Using the U.S. Census Bureau, identify the U.S. export and import totals with China for the last reported year end (2019) and explain what these amounts mean for the U.S.
- China specific numbers can be found here: https://www.census.gov/foreign-trade/balance/c5700.html
- Explain how has Trump’s trade protectionism impacted businesses in China? Make sure to include examples.
- Explain how Trump’s trade protectionism has impacted other countries? Make sure to include examples.
- Create a concluding paragraph. The Conclusion summarizes the main topics discussed in the paper.
- The reference page is on a separate page from the report. The reference page is completed according to APA with each reference left-justified with hanging indentation for subsequent lines. References are completed in alphabetical order. Please see the module, Learn to Use APA to ensure references are in APA format.
- A reference should appear under the reference section for each in-text citation in the paper. A reference may not exist without the associated in-text citation and vice versa.
Review the Paper
Read the paper to ensure all required elements are present.
The following are specific requirements that you will follow. Use the checklist to mark off that you have followed each specific requirement.