Annie's Corner: a perspective on the china-us trade war
President Trump signed a Presidential Memorandum on Mar. 22 imposing tariffs on as much as $60 billion worth of Chinese goods. The next day, China did the counterattack actions to the U.S --- with the approval of the State Council, the Customs Tariff Commission of the State Council decided to impose a tariff of 25% on 14 categories of 106 products such as soybeans, automobiles, and chemicals originated in the United States.The trade war between US and China already started.
According to President Trump’s Twitter, “trade gap” between US and China is one of the reasons for him to impose tariffs of Chinese goods. Chinese manufacturing for America can be seen the “ trade gap,” but American Service Industry for China even can be seen the “trade gap,”
According to the founder of Alibaba, “The money China earns from the ‘trade gap’ all be used to buy the national debt and these money finally come back to the U.S. Nowadays, the U.S uses such a low interest rate to use the funding of China, helping itself to keep a good growth rate.”
Why Trump wants to have a trade war with China?
The Midterm election and presidential election in 2020 must be the best answer.
He posted to Twitter “it is easy” ( it is easy for the U.S to win the trade war) to mislead the American citizens.
So does the trade war really easy to win for the United States?
A comprehensive trade war will be disastrous. This catastrophe is not only reflected in the economy, but is a chain reaction triggered by economic fluctuations.
Once a full-scale trade war has begun, whatever who will win, it will happen that the economics of both countries have suffered heavy losses at the same time.
What the economy suffers from is that development has stagnated or even declined. The social contradictions hidden the speed of development in the days will be highlighted.
What the economy suffers from is that the development is stagnant or even recession.The social contradiction at daily time hidden by the speed of development will be obvious.
Social contradictions will become sharper and the overall situation will be turbulent. Extremism, religion, populism or Fascist forces have a growing situation. In particular, the U.S election system will increase the instability or even more.
And social decline and turmoil will likely lead people with extreme people ideas to the peak of power. Then the government will use the war to divert people’s attention and pass on disasters.
The trade war between China the The United States is only a representation, and the nature of the reaction is an inevitable result of the long-term impact of the globalization of the under-class workers in the process of globalization.
In essence, globalization is a result of the combination of the capital of the developed countries, led by the United States, and the vast markets and labor force of the developing countries.
After initially enjoying the benefits of cheap goods brought about by globalization, the native American laborers are gradually gradually facing increasing .The unemployment pressure brought about by the transfer of industries will make it impossible for cheaper goods to stop their opposition to globalization.
This appeal is manifested politically by the right-wing government, such as Trump. But why are these appeals now transformed into practical trade moves in the United States? This timing stems in essence from the fact that China has basically integrated into the global market.
The marginal benefits of U.S. capital from globalization, especially from the Chinese market, have been getting smaller and smaller, while at the same time facing increasing competition from China's rising high-end manufacturing, so long-term The voice of the United States at the bottom of the United States combined with the marginal transformation of U.S. capital, the integration of the two currents, and ultimately embodied in the U.S. domestic consensus on the trade war, reflected in the U.S. government’s resolute policy.
In the 30 years of reform and opening up, China has basically been a dividend brought about by globalization. At present, it is facing a trade dispute caused by the retreat of globalization.
No one knows what time the trade war will officially over. However one thing I can make sure is, the common people from both the United States and China will not get any benefit from the “war”.
According to President Trump’s Twitter, “trade gap” between US and China is one of the reasons for him to impose tariffs of Chinese goods. Chinese manufacturing for America can be seen the “ trade gap,” but American Service Industry for China even can be seen the “trade gap,”
According to the founder of Alibaba, “The money China earns from the ‘trade gap’ all be used to buy the national debt and these money finally come back to the U.S. Nowadays, the U.S uses such a low interest rate to use the funding of China, helping itself to keep a good growth rate.”
Why Trump wants to have a trade war with China?
The Midterm election and presidential election in 2020 must be the best answer.
He posted to Twitter “it is easy” ( it is easy for the U.S to win the trade war) to mislead the American citizens.
So does the trade war really easy to win for the United States?
A comprehensive trade war will be disastrous. This catastrophe is not only reflected in the economy, but is a chain reaction triggered by economic fluctuations.
Once a full-scale trade war has begun, whatever who will win, it will happen that the economics of both countries have suffered heavy losses at the same time.
What the economy suffers from is that development has stagnated or even declined. The social contradictions hidden the speed of development in the days will be highlighted.
What the economy suffers from is that the development is stagnant or even recession.The social contradiction at daily time hidden by the speed of development will be obvious.
Social contradictions will become sharper and the overall situation will be turbulent. Extremism, religion, populism or Fascist forces have a growing situation. In particular, the U.S election system will increase the instability or even more.
And social decline and turmoil will likely lead people with extreme people ideas to the peak of power. Then the government will use the war to divert people’s attention and pass on disasters.
The trade war between China the The United States is only a representation, and the nature of the reaction is an inevitable result of the long-term impact of the globalization of the under-class workers in the process of globalization.
In essence, globalization is a result of the combination of the capital of the developed countries, led by the United States, and the vast markets and labor force of the developing countries.
After initially enjoying the benefits of cheap goods brought about by globalization, the native American laborers are gradually gradually facing increasing .The unemployment pressure brought about by the transfer of industries will make it impossible for cheaper goods to stop their opposition to globalization.
This appeal is manifested politically by the right-wing government, such as Trump. But why are these appeals now transformed into practical trade moves in the United States? This timing stems in essence from the fact that China has basically integrated into the global market.
The marginal benefits of U.S. capital from globalization, especially from the Chinese market, have been getting smaller and smaller, while at the same time facing increasing competition from China's rising high-end manufacturing, so long-term The voice of the United States at the bottom of the United States combined with the marginal transformation of U.S. capital, the integration of the two currents, and ultimately embodied in the U.S. domestic consensus on the trade war, reflected in the U.S. government’s resolute policy.
In the 30 years of reform and opening up, China has basically been a dividend brought about by globalization. At present, it is facing a trade dispute caused by the retreat of globalization.
No one knows what time the trade war will officially over. However one thing I can make sure is, the common people from both the United States and China will not get any benefit from the “war”.