Biden and Trump's strategic choices in China.
Both Biden and Trump have different views on China, but they also have something in common. In order to stop China's progress on AI, the Biden administration intends to collaborate with U.S. cloud computing companies and China. They have even blocked the export of advanced AI chips from some companies to China, lest China cultivate its own advanced models. In addition, the Biden administration has also issued an order restricting the purchase of batteries made by Chinese companies in the United States. The above actions show that the Biden administration is very worried about Chinese companies.
Trump hinted during the election process that he would impose import duties of up to 65% on Chinese goods once he became the United States. Trump pursues an "America First" policy of protection, and the sanctions imposed on him have hurt not only China, but also US allies like Canada.
On the tariff effect between China and the United States.
Since the start of a war between China and the United States in 2018, it has not been beneficial for the United States to impose high tax rates. According to the data, in 2022, the total bilateral ** between China and the United States reached US$69.9 billion, and the **surplus between China and the United States was US$418.2 billion. This is a clear proof of the failure of the US "decoupling" strategy. Trump's so-called "all-encompassing" war strategy, that is, imposing tariffs on imported products in order to achieve the goal of complete "separation" from China, will inevitably increase the production costs of domestic companies in the United States, and thus cause inflation.
Trump's campaign tricks.
Trump is proposing more taxes because of the necessity. The Biden administration eased its own economic burden by easing the tax exemption on 352 Chinese products, a move that was criticized by Republicans for being soft on China. Trump wants to use this tactic to get more votes.
But imposing higher taxes hurts the United States. This will not only increase the production costs of domestic companies, but will also trigger inflation, which will have a negative impact on the US economy.
U.S. restrictions on China.
Regardless of Biden or Trump, there is no change in the US strategy of controlling China. American politicians have long regarded China as the "number one enemy," so we don't have to hope for it. China has responded to the U.S. strategy to contain China, such as suspending exports to the U.S. of gallium and germanium, which play a pivotal role in the production of high-end chips.
The game between China and the United States will continue, but the United States will eventually pay for its mistakes.
A little bit of my experience and conclusion.
From the above analysis, it is not difficult to find that the strategy adopted by the United States is to impose an economic blockade on China. Both Biden and Trump have partially done something about China. Thanks to Biden's efforts, collaboration on cloud computing has been hampered and some companies have been prevented from importing high-end chips from China, which Mr. Trump has imposed on him with high tax rates.
However, these measures did not have the desired effect of the United States, and China continued to grow and responded to the problems raised by the United States. Trump's import tariffs will also bring higher domestic costs and inflationary pressures.
In today's environment of world economic integration, interdependence between countries has become inevitable. Go out, go out, go out into the world, and walk out of a road of no return.
As Chinese, on the one hand, we must always guard against the restrictions imposed on us by the United States, and on the other hand, we must constantly deepen domestic reform and innovation to enhance our country's competitiveness and strive to enable our economy to develop independently and sustainably.
In short, the "containment" strategy adopted by the United States against China has not only had an adverse effect on China's economic development, but has also brought adverse consequences to the countries and regions of the United States. Only on the basis of mutual trust and through cooperation, dialogue and mutual trust can we achieve common development and prosperity.