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Article: Foreign trade sanctions, embargoes bring minimal change to U.S. economy.(Knight Ridder Newspapers)
- Article from:
- Knight Ridder/Tribune News Service
- Article date:
- April 24, 2001
- Author:
CopyrightCOPYRIGHT 2001 Knight-Ridder/Tribune News Service. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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``How would the economy be affected if relations between the United States and China deteriorated badly?" One of my students posed that question when U.S. crew members were still detained in China. It had nothing to do with the course material at hand, but it seemed like a "teachable moment." I plunged in and answered as best I could. What follows is a more organized version of what I tried to say.
The question is important and relevant to more situations than our dispute with China. Who wins or loses when one country limits economic interactions with another as a result of political differences? Is this a vital concern for U.S. farmers, businesses or consumers?
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