REFERENCE:

https://www.bankofcanada.ca/wp-content/uploads/2010/06/francis1.pdf

https://en.wikipedia.org/wiki/United_States%E2%80%93China_Relations_Act_of_2000

https://china.usc.edu/us-china-relations-act-2000-2000 https://www.uschina.org/reports/understanding-us-china-trade-relationship https://www.epi.org/publication/growth-in-u-s-china-trade-deficit-between-2001-and-2015-cost-3-4-million-jobs-heres-how-to-rebalance-trade-and-rebuild-american-manufacturing/

REFERENCE: BACKGROUND INFORMATION

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.Identifying the benefits of the deal between the US and China initiated by President Clinton for both China and the US

2.A detailed description of the aftermath of the trade deal on the US economy to include:

- Unemployment rates, unemployment types, and industries most affected

- Inflation

- GDP

- Trade deficit with China

- Budget deficit

- Balance of Payments

3.A detailed description of the impact of this agreement on the Canadian economy with respect to Canadian trade relations with the US and China and Canadian global competitiveness

4.Use graphs and charts to illustrate the impact of the trade deal on both the US and Canada. Your graphs should identify economic changes before and after the agreement and up to the most current data available. Describe every chart and graph in two to three sentences.

5.Compare Canada and the US to determine how well each company are dealing with the economic changes caused by the trade agreement with China. Identify which country, Canada or the US, you think is handling the change better and provide reasons.