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The United States in 2024 may once again witness the rivalry between Trump and Biden, two heavyweight politicians. In the current momentum, Trump seems to have a certain advantage. In his campaign strategy, the return of manufacturing to the United States and the boycott of illegal immigration were the main slogans. In addition, Trump has publicly stated that he will take a tougher attitude towards China than Biden.
Recently, the Washington Post revealed that Trump and his advisers privately discussed an important issue, that is, whether tariffs on Chinese goods should be raised to 60% if re-elected. The news has attracted widespread attention, with speculation that the move could anger China and even lead to a global war.
Trump also supports the removal of China's most-favored-nation status, and some analysts believe that if this treatment is removed, the United States may impose tariffs on Chinese goods by more than 40%. American economist Erica York said that the war from 2018 to 2019 caused great damage to the global economy. If Trump were re-elected and implemented such an economic policy, it could undermine far more than the last one and lead to global subversion and.
Trump claims that if elected, he will expand the use of tariff tools and impose benchmark tariffs on almost all imports, totaling about $3 trillion. This would expand the range of goods affected by the tariffs by more than nine times compared to his first term. Trump also said he would work to pass legislation that would enable the United States to impose corresponding tariffs on other countries.
** with China accounts for about 117%, China is currently the third largest partner of the United States after Mexico and Canada. From Trump to Biden, the last two U.S. presidents have been at odds over many policies. Committed to shrinking America's global influence, Trump withdrew from the Paris climate agreement and the TPP, and did not wage a new war during his tenure. Biden, on the other hand, returned to the Paris climate agreement, established the Indo-Pacific Economic Framework, and introduced more restrictive measures in areas such as the Russia-Ukraine conflict. But both Trump and Biden see China as a strategic competitor and are consistent in their China policy.
With this background, the Washington Post revealed Trump's remarks seeking to raise tariffs on China to 60%, further strengthening the expectation of economic decoupling between China and the United States. Whether Biden or Trump wins, the United States is clearly committed to further reducing economic and trade ties with China. The difference between the two politicians is that Biden has followed the policy guidelines under the political framework of the American elite to a certain extent, taking a step-by-step approach. Trump, on the other hand, has the ability to upend the U.S. economy's relationship with China and the global economy, and turn the economic chessboard upside down. Judging from the relevant remarks disclosed by the US media, if Trump is re-elected, he intends to further build US tariff barriers, prevent Chinese goods from entering the US market with high tariffs, no longer give any tariff preferences to other countries, and require all countries to impose the same tariffs on US products.
In the era of economic globalization, if Trump is elected and implements such a policy, it will mean that the United States will self-exile from the global economic system. This will further shake China's position in the global market, and at the same time provide an opportunity for China to further lead the process of global economic globalization. With the endogenous power of the United States exhausted, the shrinkage of its sphere of influence is almost inevitable. For China, how to promote the development process at the national, regional and global levels will be an important issue.
The risks and implications of Trump's plan to raise tariffs on Chinese goods to 60% cannot be ignored. Such a move could trigger strong resentment and retaliation from China, which could lead to a global war. ** The war will exacerbate the instability of the global economy and have a negative impact on the economic growth of all countries.
Trump's support for removing China's most-favored-nation status means that the scope for the United States to impose tariffs on Chinese goods could be further expanded. If MFN status is removed, U.S. tariffs on Chinese goods could exceed 40 percent. This would be a major blow to China's export-oriented economy.
Trump plans to further expand the use of tariff tools and impose benchmark tariffs on almost all imports, totaling about $3 trillion. This will expand the range of goods affected by the tariffs by more than nine times, further weakening the competitiveness of Chinese goods in the U.S. market.
Trump has also sought to pass legislation that would enable the United States to impose reciprocal tariffs on other countries. This will bring great uncertainty and pressure to the export economies of other countries, which in turn will affect the development of the global economy.
1.The Chinese market has been hit: China is one of the world's largest manufacturing countries, and a large number of goods are exported to the U.S. market. If the tariff is raised to 60%, it will increase the cost of Chinese goods entering the U.S. market, reduce China's competitiveness in the U.S. market, and have an impact on China's economy.
2.The global ** chain is frustrated: China's manufacturing industry is an indispensable link in the global ** chain. If tariffs on Chinese goods are significantly raised, it may lead to the rupture and readjustment of the global ** chain, bringing chaos and instability to the global economy.
3.Slowdown in global economic growth: The war has caused enormous damage to global economic growth. An increase in tariffs to 60% would lead to a wider conflict** that would put more pressure on global growth, potentially leading to a slowdown or even a recession in global growth.
4.Relations between China and the United States deteriorated further: if Trump's content is longer, split into two answers.
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