Economic

• Economic

  The USA holds significant economic power, and it uses this in many ways to promote and protect its interests.

  The US is the world's largest economy. It has the highest GDP in the world at $16.2 trillion, and an abundance of natural resources. Home to some of the worlds greatest entrepreneurs, America is home to many sought after products, and many countries around the world rely on their trade for many of their imports.
• Economic - EXAMPLE & ANALYSIS

  For example, the USA is a world leader in oil and gas production, as well as manufacturing. Over 130 of the world’s biggest 500 companies are American. 

  This highlights the significant amount of economic influence that the USA holds, as it is clear that there is a certain reliance on American trade on a global scale, allowing the country to profit and promote it’s own interests while solidifying the economic power and influence it holds on countries around the world. 
• Economic - REBUTTAL

  However, the USA’s economic influence is under large threat from China.

  The U.S. runs a significant trade deficit with China, importing far more goods than it exports. This has shifted global manufacturing power to China.
• Economic - REBUTTAL (EXAMPLE & ANALYSIS)

  In 2023, the U.S. had a trade deficit of approximately $279.1 billion with China, exporting goods worth $147.8 billion while importing $426.9 billion.

  This shows that the USA is heavily reliant on China’s economy, and this deficit ensures that China holds a higher level of economic control that America both on a fixed and global scale - reducing the USA’s economic influence and power as it is clearly dependant on the Chinese imports to grow it’s economy.
• Economic - EVALUATION

  Therefore, it is clear that the USA, although has many prosperous international markets and trade deals, has limited economic influence as it lags behind China - reducing it’s power and overall ability to promote its own interests.