The recent changes in the area of trade both in the United States and China have been greatly marked by the issue of globalization and free trade. While the US under the new administration had been working out ways of isolating itself from globalization, China has been persistently working to promote globalization. It was until relatively recent that this difference became manifestly evident when Mr. Trump expressed open alienation from the US historical allies including China and Mexico, which occurred concurrently with the US withdrawal from G-20. On the other hand, china has been working on expanding her trade roots in most parts of the world including Africa and her own continent, Asia.
Mr. Trump, having portrayed himself as a unilateralist, nationalist and a protectionist, holds the view that throughout the past decades, America has been acting unfairly and has been disadvantaged for long by being benevolent to sweep free-trade agreements such as Trans-Pacific Partnership and the North American Free trade Agreement. For instance, he particularly believes that globalization has adversely salvaged the US steel industry.
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China, one of the greatest US trade allies has worked out quickly on mulling its own deal. Reports by the International Monetary Fund show that China has now taken the lead in the sector of world economy, overtaking the US, a development that has been as a result of Trump’s own decision to withdraw the US economic support to the world through globalization. The major source of the difference between the US and China is the tight ideological conflict on the issue of globalization.
In my own view, I support globalization and free trade among nations, owing to the economic impacts it has on underdeveloped countries as well as promotion of world business at large. Apart from economic impacts, globalization and free trade has other impacts on the nations of the world such as leadership influence and preservation of the world order in general.
