We often hear in the press that the US economy is tied closely to the Chinese economy. This is all more the case with the talk of a trade war between...

We often hear in the press that the US economy is tied closely to the Chinese economy. This is all more the case with the talk of a trade war between the two countries. Several years ago, before this dustup, a writer for the Financial Times was looking at the long-run potential of the US economy and wrote "the ultimate source of higher living standards is growth in productivity, and growth in US productivity has little to do with whether Japan, or China, or any other country is growing quickly or slowly". Might it also be true that our inflation and unemployment situations in the long run may not be tied to China and how well it does, in spite of all the commentary to the contrary that our fate is dependent on the success or failure of relations with other countries? Write an essay based on the core principles of practical macroeconomics, and on the economic way of thinking, that convinces the reader whether, in the long run, the quote from the FT and my added comments on inflation and unemployment are correct or incorrect.