the complexities of U.S.-China trade...

I wrote a paper in college in 1996 or 1997 about how China was to be the next global dominator.. and surpassing the U.S. My professor said something to the effect of "Well written paper.. but doubtful" I got an "A" on the paper because of how I am able to make my case and back it up... but I have to say I wish I wasn't correct.

If you want to see how much we are reliant.. just look at scrap.. if China has low demand for our steel (as is the current situation) guess what- steel prices take a dive. When they have higher demand for steel- our steel prices (and thus scrap prices) rise. Although they are not the only buyer of our raw materials- they make up enough of the percentage that they basically are the tipping point for supply and demand and thus prices.