The White House has set off another resignation storm, Biden's deal team has lost popular support, China-US economic and trade negotiator Tai Qi has been controversial, and his leadership ability has been questioned. The reason for the mass resignation is that the agenda is stalled, internally.
Biden's administration originally intended to be one of the next series of agreements, including the "green steel and aluminum" agreement with Europe, but it did not materialize.
Tai's lack of full cooperation with the top management has led to tensions between the industry and other sectors, notably the long-running debate with the NSC in the United States over digital transactions.
Recall that in recent years, the "China House" during the Biden administration and the ** representative body during the Dai Qi administration have been mired in internal disputes.
At first, they were all ambitious, but often encountered difficulties in their implementation. Just like China's performance after its ambitions, the U.S. Representative Office in the United States has serious problems with some important decisions. Some Democratic legislators defended Dai Qi by saying that she has been vigorously promoting policies that are pro-worker but in reality, she has been controversial in the economic and trade talks between China and the United States because of her opposition to reducing sanctions against China.
Although the slogan "workers first" is on the agenda, in reality, it is more for election considerations. The Biden administration feared that Trump would use ** to attract votes in the Midwest of the United States, so he vigorously pursued this plan in the hope of saving his votes. This is the era of globalization, when the companies that support the Democratic Party tend to be globalized or globalized, and they desperately need cheaper labor and resources from elsewhere.
This is just a simple reflection of the various problems facing the Biden administration.
As Trump prepares himself to return to politics, his China policy has received widespread attention. Trump is said to intend to impose a 60 percent tax on Chinese products, remove China from its most favorable status, and impose a uniform standard tax rate globally.
This measure could have a huge impact on the economy of the United States and the world, and its impact will be even greater than that of a war launched by Obama during the first ** period.
Trump has put the economy first, and he recognizes that this is what the people are most concerned about. He pursued a series of economic policies, such as cracking down on illegal immigration and cutting corporate taxes to promote a "trickle-down effect". Although a previous war has caused a lot of chaos, he still insists that imposing high taxes on China will allow the United States to make hundreds of billions of profits from it.
It is widely believed that Americans and companies paid for these measures, which led to sharp inflation in the United States between 2021 and 2022.
Trump's shock to his policies continued until his successor, Joe Joan Biden, when the Fed had to continue raising interest rates, triggering economic crises around the world.
In addition, India has also carried out several major operations around the world. During the Russia-Ukraine war, India and Russia signed a deal that significantly increased its imports, making it one of the world's top three exporters.
India's pragmatism is evident, it opposes the use of the Russian rupee as a currency and has repeatedly made concessions on *** as a way to achieve an equilibrium between Russia and the West.
It is very likely that India's suspension of arms production with Russia is motivated by the search for new economic interests. India's move may raise its alarm and remind it to be cautious and stop being a "big dealer".
Overall, the biggest concern in the coming days will be the resignation from the White House and the chaos of global economic policy. At this turbulent time, a new round of international political and economic storm is coming.
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