The tariff war between America and China is expected to end after Donald Trump’s tweet. The president has hinted to sign the first phase of a much-awaited trade deal. Donald Trump will sign the deal on 15th January to curb the trade tension between both the countries. The president tweeted on Tuesday and said that Chinese representative will visit the White House to attend the official ceremony. He would also travel to China to talk about the second phase of the deal.
The first phase of the deal was announced by both the countries on 13th December. This deal will allow the US to plan new tariffs of $160 billion on Chinese imported items. When the deal will be signed, China will also buy farming products from the US and will improve intellectual property protections. This deal contains 86 pages of agreement that has not been revealed yet.
Robert Lighthize is the trade representative from the US side. He will join his Chinese counterpart Liu He. Both will release the details of the deal publicly when President Donald Trump will sign it.
The current trade dispute between the US and China is also impacting other nations. The dispute arose when both the countries imposed unexpected tariffs on each other. The dispute is affecting the global trade market and business investment. During the trade war, the US imposed tariffs of about $360 billion on Chinese goods such as clothing, toys, and electronics. China had also reacted to the tariff imposed by the US and put its own tariffs of more than $110 billion on several US products.
Rural America needs help with Affordable Housing
America has been facing the issue of affordable housing in major cities and fast-growing urban areas for so many years now, that we almost take it for granted. But what we did not see coming, as a nation, was the same problem sprouting in rural America. This is what is going on, right now, as people from all financial spectrums struggle to find a house that they can afford. Here is why and which solutions should be looked at.
Not enough Jobs, Education and Health Care Availability
What explains housing difficulties is the same as in all other economic sectors: The offer is not sufficient for the demand. And why is that, in rural America? The answer is simple: There are not enough jobs to be handed out in these parts. Also, the children lack sufficient education, and the people are not provided with good health care facilities. Therefore, you don’t find contractors that want to build more homes to invest in the future, in these regions, even though there are more people living there, every year.
Also, most of the houses that exist need to be renovated. They require new facade systems, in order to become more energy efficient. The people that live in these parts, barely make enough to make ends meet, and they have to pay higher energy bills, simply because they can’t afford new aluminium windows and doors, that would greatly reduce their costs. New sustainable materials need to be added outside their walls, to protect their home from high or low temperatures outside. But instead, they are simply fighting each other to find a house that they can live in, at an inflated price, and that won’t even provide them sufficient protection in the warmest and coolest months of the year.
Public Investment is required to start the Process
Money is at the core of the problem. To built more houses, or to renovate the ones that already exist in rural America, a large investment will need to be made. Since it is clear that private owners are scared to enter into this rebuilding of the land by themselves, the different levels of governments need to envision new help plans that will make all this possible. But it isn’t the only investment they must make.
Today, wages are not growing as fast as they were before. We find ourselves in uncertain times, thanks to the COVID-19 crisis and the current war going on in Ukraine. Having a larger part of the population to buy a house, is simply impossible in view of these issues. And yet, this is exactly what rural America needs. Therefore, young adults need to be helped, in some ways, in order to create a larger group of potential home buyers. This will help kick-start the market of housing in rural America, which hopefully will create a dynamic that will continue on, with wealthier individuals investing in construction, in these areas.
Affordable housing has become a necessity in rural America. Otherwise, small towns will continue to disappear. This is not a long-term solution for a growing America, that wants to lead by example.
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