Trump will escalate further in the contest with China.
As a former U.S. leader, Trump has won a landslide victory in the Democratic primary, and he will return to the White House in 2024. According to the Washington Post, Trump is planning a more aggressive economic measure against China and intends to raise the import tax on Chinese products to 60% after his re-election. The news has attracted a lot of attention and speculation, which indicates that the dispute between China and the United States will further intensify, and may even lead to a global war.
During his election campaign, Trump has been committed to protecting American manufacturing and jobs, advocating for bringing manufacturing back to the United States while also vigorously resisting illegal entry. Mr. Trump has always been resolute in his economic and commercial relations with China, and he once waged a war against China. Now, he says that if re-elected, he will hit China's economy by imposing higher tax rates on Chinese products.
Trump's proposal to impose 60 percent anti-dumping duties on Chinese products would cause economic turmoil and have a major impact on the world economy, according to some experts. As the third largest partner of the United States, China has a very significant impact on China and the United States and the world. Trump's measures may provoke China, triggering a global war. For China, this is a loss for the United States, and a huge shock.
Trump's economic policies could lead to the collapse of the world.
Mr. Trump has declared that if re-elected, he will expand the imposition of more tariffs and impose a base rate on all imports. This would increase the number of products expropriated more than ninefold, and it would be higher than it was at the time of Obama's first term. Trump also intends to create a bill that would require the United States to impose tariffs on other countries.
Such an economic policy will have a profound impact on the world economy. In this era of global integration, Trump has used high tariffs to keep Chinese products out and lifted tax breaks for other countries. This would drive the United States out of the world economic system and force the United States back into isolation.
Judging by the relevant comments of the United States, if Trump is re-elected, he will set up a higher barrier for the United States. This will make the market even more empty for China, which has the potential to replace the United States as one of the world's largest economies. The intrinsic strength of the United States has dried up, and the collapse of the sphere of influence is inevitable. As far as China is concerned, it will be a very difficult task to promote the development of the domestic, regional and global economy during this period.
Trump and Biden are aligned on China.
Although there are huge differences between the two US presidents, Trump and Biden, on the issue of China, their attitude towards China is the same. Both Trump and Biden see China as their strategic rival, and both have imposed numerous restrictions and sanctions.
Trump has waged a war against China and removed China from its national treatment. The Biden administration has continued to impose Trump-era Chinese import tariffs, tightening regulations on industries such as integrated circuits. This has led to increasing tensions between the economy and economic ties between China and the United States, and the conflict between the two countries is gradually intensifying.
China has faced the most controversial situation since the Trump era, and now it is accelerating its opening up to its own market and further expanding its openness. China will, as always, carry out economic and trade exchanges with other countries in the world and play a greater role in the field of world economic management. In the face of many difficulties and challenges, China has sufficient self-confidence and strength to continue its steady development.
Brief summary. Trump's 60 percent anti-dumping duty on Chinese products has sparked widespread concern that it will have a huge impact on the U.S.-China and the world economy. Trump's extreme attitude towards his economic policies would undermine the world** and make the economic disengagement between China and the United States even more serious.
However, regardless of Trump or Biden, the consistent attitude of the United States towards China is an indisputable fact. China must respond to the international economic and trade situation with a more open attitude, actively promote international economic and trade exchanges, promote international economic and trade cooperation, and promote international economic and trade development.
At the same time, China should also accelerate opening up to the outside world and deepen domestic demand, enhance its competitive advantage, continue to deepen the structural reform of the supply side, enhance independent innovation and scientific and technological strength, and promote China's high-level development.
In the face of the grim international situation, China should be confident enough to promote domestic, regional and global development at a more steady pace, and promote the stability and development of the global economy.