Although there is still some time to go before the United States in 2024**, the Republican Party and the Democratic Party are already in fierce competition. Biden is facing difficulties and setbacks in his administration, and his poor performance has sparked popular dissatisfaction. At the same time, Trump's reluctance to run three years ago has left Republicans eager to win next year's election. The Democrats, on the other hand, have focused their efforts on preventing Trump from running again, as they internally believe that Biden is not necessarily Trump's opponent.
Recently, Biden put obstacles in the way again, and a Colorado court ruled to ban Trump from running in the state, but this did not affect Trump's resolve. Trump has publicly stated that if re-elected, he will impose tougher tariffs on China. He plans to increase tariffs on all Chinese goods, aiming to wean the United States out of globalization and even cut off economic ties with China altogether. Trump also said he would ban U.S. imports of most Chinese goods, limit Chinese ownership of assets in the U.S., and discourage Americans from investing in China. He also pledged to vigorously promote the revival of American manufacturing and reduce dependence on the global ** chain.
Trump's policy proposition is essentially a complete reversal of decades of U.S. economic policy. Economic globalization became a reality driven by the Americans, who moved low-margin manufacturing abroad and kept high-profit services, finance, and high-tech industries. Trump's proposal, on the other hand, means a change in the landscape, and the magnitude of the shift has caused concern among many American economists. The implementation of such a disruptive policy in the short term is bound to cause great harm to the current economic structure. Increasing tariffs could lead to prices**, with costs ultimately borne by U.S. consumers. Not only will it take time to rebuild manufacturing as a whole, but the current cost structure in the United States is not suitable for large-scale investment in manufacturing.
The Obama era has been calling for manufacturing to return to the United States, but with little effect. The cost of raw materials and labor in the United States is high, and there is a shortage of experienced industrial workers. For example, the Ford workers' strike is a huge obstacle to the development of manufacturing in the United States. Whether Trump's vision will be realized remains unclear. For such disruptive policies, the structural changes in the economy are very large and may have a huge impact in the short term.
The impact of this policy on China is certainly negative, but it is not unprepared. Since the beginning of Trump's last term, the United States has imposed additional tariffs on Chinese products, and Biden** has not canceled this policy. This has led Chinese companies to realize the dangers of being highly dependent on the U.S. market, and have been aggressively expanding into other overseas markets over the past few years. China's dependence on the United States for foreign trade has been greatly reduced, at least not fatally to us. In addition, we will not be beaten passively, and will resolutely fight back if necessary. We have a trump card in the field of rare earths and are gradually breaking through the limitations of the West in the field of high-tech. If Trump wants to provoke a ** war, we will accompany him to the end.
Trump's campaign slogan may seem bluffing, but it remains to be seen whether it will be implemented at that time. The situation of the United States itself is not optimistic, and the debt problem left by Biden needs to be solved. Overall, while Trump's economic policy propositions are compelling, it remains to be seen how feasible they will actually be.
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