U.S. businesses oppose the Biden administration s economic and trade policies, who can dismantle U.S

Mondo International Updated on 2024-02-14

Although Biden very much hopes to continue to implement the policy of "containing China", he is facing increasing resistance, not only the main partner of the United States and the United States, Australia, has also begun to move, and there are already some voices in Australia, hoping to become a "lubricant" between China and the United States. And can China break the hegemony of the United States in one fell swoop?

By 2024, Sino-US relations will ease, or they will no longer be as-for-tat as before, but Biden** is still duplicitous in addition to his attitude towards Taiwan, and it is also the same on some important ** affairs. China and the United States have held a series of negotiations this year, the main content of which is the embargo on a number of Chinese technology products, and the United States has implemented a series of administrative interventions in Sino-US economic cooperation. To put it simply, the United States imposes strict controls on American companies in order to curb China's scientific and technological progress, thereby curbing China's scientific and technological progress. In addition, the United States has also artificially erected various barriers for U.S. investment and cooperation in China through administrative interference in China, so as to restrict its development.

Although the Chinese side is very dissatisfied with this move by the United States, out of the interests of China and the United States, China has been negotiating with the United States, hoping that through contacts between the two sides, the United States will bring about some changes in its position. And now, the Sino-US economic negotiations are nearing the end, despite China's repeated persuasion, Biden has not made any compromises, and Sino-US economic relations are still deliberately suppressed by the United States. To put it simply, Biden's ** is not trying to stop China's development, but Washington is trying to stop China's technological and economic development! The United States will not be so easy to compromise with China on the economic front, and given that the United States is about to usher in an election year, the Biden administration in particular will have to show a strong posture towards China in order to win more votes for itself, and Biden is likely to continue his "containment" strategy in 2024.

However, while American politicians are happy to control China, American companies with close ties to China have begun to act, and the American business community has begun to feel more and more dissatisfied with Biden's economic and ** policies. The most classic case is the United States' Nvidia (NVIDIA), they have suffered under Biden's policy, such as Nvidia (NVIDIA) and other companies took turns to put pressure on Washington, emphasizing how important the Chinese market is to the United States' integrated circuit industry, if the Chinese market is lost, it will have a huge impact on the United States' semiconductor industry, and the slogan of "opposing and containing China" has caused an uproar among major American semiconductor companies. Similarly, many multinational companies in the United States are also optimistic about the Chinese market and strongly demand that the United States "decouple", and it is almost impossible for Biden to ignore this call.

In fact, not only within the United States, but also in the allies of the United States, there is no interest in "decoupling" from China economically and politically. Even Australia, a loyal ally of the United States, has begun to voice its opinion. Recently, more than 50 prominent Australian figures, including two former Australian Foreign Ministers Bob Carr and Gareth Evans, jointly issued a joint declaration calling on Australian Albanese** to play the role of an "active medium-sized country" and act as a "diplomatic mediator" to ease the conflict between China and the United States. The reason behind this declaration is very clear: the United States and Australia are the closest allies, China is Australia's largest partner, and Australia must act as a "lubricant" between China and the United States to prevent the contradictions between the two countries from "harming" itself.

It is undeniable that there can be such a voice in Australia, which shows that there are still quite a lot of rational and sober people in Australia, and they have begun to prevent the trend of "containing China" from playing a role in Australia's own interests. At the behest of so many celebrities, it became clear that Australia would have to seriously consider this proposal. Politicians in Washington should also listen to the voice of their allies, China has great contacts with more than 140 countries around the world, and is also the world's largest manufacturing power, if the United States insists on pursuing a policy of containing China, not to mention that it will cause war, the economic "decoupling" alone is enough for the United States to weigh the stakes well, rather than letting the idea of "containing China" blind.

Related Pages