Resolved: The United States federal government should substantially increase its economic and/or diplomatic engagement with the People’s Republic of China


NC/1NR Harms (US Economy) #3—Domestic Economy More Important



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2NC/1NR Harms (US Economy) #3—Domestic Economy More Important

They say __________________________________________________, but

[GIVE :05 SUMMARY OF OPPONENT’S SINGLE ARGUMENT]


  1. Extend our evidence.

[PUT IN YOUR AUTHOR’S NAME]

It’s much better than their evidence because:

[PUT IN THEIR AUTHOR’S NAME]

[CIRCLE ONE OR MORE OF THE FOLLOWING OPTIONS]:

(it’s newer) (the author is more qualified) (it has more facts)

(their evidence is not logical/contradicts itself) (history proves it to be true)

(their evidence has no facts) (Their author is biased) (it takes into account their argument)

( ) (their evidence supports our argument)

[WRITE IN YOUR OWN!]
[EXPLAIN HOW YOUR OPTION IS TRUE BELOW]

__________________________________________________________________________________________________________________________________________________________________________________________________________________________________________

[EXPLAIN WHY YOUR OPTION MATTERS BELOW]

and this reason matters because: ______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________



2NC/1NR Harms (US Economy) #4—Deficit Good

They say __________________________________________________, but

[GIVE :05 SUMMARY OF OPPONENT’S SINGLE ARGUMENT]


  1. Extend our evidence.

[PUT IN YOUR AUTHOR’S NAME]

It’s much better than their evidence because:

[PUT IN THEIR AUTHOR’S NAME]

[CIRCLE ONE OR MORE OF THE FOLLOWING OPTIONS]:

(it’s newer) (the author is more qualified) (it has more facts)

(their evidence is not logical/contradicts itself) (history proves it to be true)

(their evidence has no facts) (Their author is biased) (it takes into account their argument)

( ) (their evidence supports our argument)

[WRITE IN YOUR OWN!]
[EXPLAIN HOW YOUR OPTION IS TRUE BELOW]

__________________________________________________________________________________________________________________________________________________________________________________________________________________________________________

[EXPLAIN WHY YOUR OPTION MATTERS BELOW]

and this reason matters because: ______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________


1NC Solvency Frontline

  1. South Korea, Japan, and Germany also manipulate their currencies at the expense of the U.S. economy.



Financial Times, April 2016 Financial Times- “US adds China, Germany and Japan to new currency watchlist”, 4/29 https://next.ft.com/content/9d8533f4-0e3c-11e6-9cd4-2be898308be3
The US Treasury has placed China, Germany and Japan on a new currency watchlist, warning that all three faced extra scrutiny and potential retaliation by Washington as a result of concerns over growing imbalances in their trade relationship with the US. Friday’s move by the US Treasury to put out a new “monitoring list” — and take the potentially provocative step of including Germany alongside China and Japan on it — comes amid continuing political pressure in the US for the government to take a stronger stand against currency manipulation. It also follows a new strengthening in the yen on the back of the Bank of Japan’s lack of policy action this week as well as fresh US gross domestic product data that showed a strong dollar continued to be a drag on US growth. None of the US’s big trading partners had engaged in currency manipulation in the past year, the Treasury said in its twice yearly foreign exchange market report to Congress. But it made clear that it was concerned about rising imbalances with some of its big trading partners and the impact of that on the global economy. It said the “material” current account and “significant” bilateral trade surpluses China, Germany, Japan and South Korea had with the US resulted in those economies joining the new list, which the Treasury is required to compile as a result of trade legislation passed last year. Taiwan was also included on the list because of its current account surplus and “its persistent, one-sided intervention in foreign exchange markets”.


  1. China won’t admit any fault to the WTO so nothing will change


Morrison and Labonte, 2008 Wayne M. Morrison, Specialist in International Trade and Finance; Marc Labonte, Specialist in Macroeconomics Government and Finance 6/9 “China’s Currency: Economic Issues and Options for U.S. Trade Policy” https://www.fas.org/sgp/crs/row/RL32165.pdf
Chinese officials argue that its currency policy is not meant to promote exports or discourage imports. They claim that China adopted its currency peg to the dollar in order to foster economic stability and investor confidence, a policy that is practiced by a variety of developing countries. Chinese officials have expressed concern that abandoning the current currency policy could spark an economic crisis in China and would especially be damaging to its export industries at a time when painful economic reforms (such as closing down inefficient state-owned enterprises and laying off millions of workers) are being implemented.12 In addition, Chinese officials also appear to be worried about the rising level of unrest in the rural areas, where incomes have failed to keep up with those in urban areas and public anger has spread over government land seizures and corruption. Chinese officials contend that appreciating the currency could reduce domestic food prices (because of increased imports) and agricultural exports (by raising prices in overseas markets), thus lowering the income of farmers and further raising tensions. They further contend that the Chinese banking system is too underdeveloped and burdened with heavy debt to be able to deal effectively with possible speculative pressures that could occur with a fully convertible currency, which typically accompanies a floating exchange rate.13

  1. The plan takes until after 2018—the impacts happen first



Wall Street Journal, 2015 May 14, “Worried About Currency Manipulation? Worry About the WTO” http://blogs.wsj.com/economics/2015/05/14/worried-about-currency-manipulation-worry-about-the-wto/
But such a case wouldn’t end there. China–or whoever was hit with a U.S. subsidy tariff—would be sure to challenge the judgment at the World Trade Organization, said Peterson Institute for International Economics trade expert Gary Hufbauer, a free trader. It’s far from clear how the WTO would rule. But he says one thing is certain: The WTO would take a long time to decide—and by that time, the offending currency practices may have changed. “If the U.S. Congress enacts currency legislation in 2015, the final appellate body decision (by the WTO) might well wait until 2018 or beyond,” he and Cathleen Cimino, another PIIE researcher, warn in an upcoming Peterson Institute blog post. Mr. Paul, who backs the currency provision, says he wants TPP to have separate currency provisions, so the U.S. has another tool to deal with trading partners


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