In 2001 the President of the United States, Bill Clinton, signed a trade deal granting "permanent normal trade relations" with China. This trade deal provided the means for China to enter the World Trade Organization (WTO). Since this trade deal China's economy has experienced excellent growth. While there has been some pull back since its highest growth in 2007, the trade deal has certainly been good for China. On the other hand, many argue this deal has been a major cause for America's growing trade and budget deficits, high unemployment, and long-term recession. In short, they argue this deal has not been good for the US. Whatever is not good for the US economy usually means it is also not good for the Canadian economy. In this final term report you will research the aftermath of this trade deal on the US and the resulting effects on Canada. You must source at least two relevant and recent articles in your research.

Questions

1. A brief description of the trade deal between the US and China initiated by President Clinton identifying the benefits of the deal for both China and the US .