protectionism hurting US-china trade

I think it's good in a way and bad in many ways too. First, it helps their own county by limiting trade where it makes people to buy their own goods. That can help the business in the own country. However, as they said, it is hurting other country and their own. By having limited goods to buy, cheaper import will change. And force to buy none import goods. It would hurt china most, since they have massive trade to USA. But now they are not free trade any more, the company will loose money. In the future, the imports coming from china won't be cheaper to buy any more. With less goods, the demand will rise. There for the price to be raised as well. It's good for the locals to gain but big company that trade over sea will loose much more. When bigger company are effected by it, then the consumers side will loose as well.

*Protectionism is the economic policy of restraining trade between states, through methods such as tariffs on imported goods, restrictive quotas, and a variety of other government regulations designed to discourage imports, and prevent foreign take-over of native markets and companies. This policy is closely aligned with anti-globalization, and contrasts with free trade, where government barriers to trade and movement of capital are kept to a minimum. The term is mostly used in the context of economics, where protectionism refers to policies or doctrines which protect businesses and workers within a country by restricting or regulating trade with foreign nations. * from: http://en.wikipedia.org/wiki/Protectionism


http://www.businessweek.com/globalbiz/content/feb2010/gb2010022_041184.htm
http://news.bbc.co.uk/2/hi/business/1999792.stm
http://www.chinadaily.com.cn/bizchina/2009-03/21/content_7602818.htm
http://online.wsj.com/article/SB10001424052748703465204575207643839433762.html?mod=wsj_india_main