Trump's worries about China's trade war are now becoming reality.


Trump's worries about China's trade war are now becoming reality.

Original title: headlines launched a trade war so far, Trump's "worry" thing is becoming reality.

In August, Trump launched a trade war with China for nearly a month. The public opinion observed that, as of now, the trade war has obviously not allowed Trump to win more domestic support. On the contrary, the "fear" of Trump is becoming a reality, this time the "backyard fire".

The media noticed that Trump had fallen out with the Republican Golden Lord for his tariff policy after a "standoff" with farmers and businesses.

Koch brothers, the Koch brothers of the American industry group, said in a political donation meeting in Colorado in July 29th that the tariff war of President Trump was very harmful to the United States and that its trade policy would eventually be a disaster, according to the Hongkong Economic Daily website. The White House's cracking policy is bringing long-term damage to the United States. As the Republican leader of the "big gold", Koch's remarks can be regarded as a pressure on the Trump administration.

Reported that Charles Koch said he could support the free market concept of Democrats, not Trump's protectionism. If the Democratic Party wins in the mid-term elections, he can cooperate with the Democratic Party.

The opinion is that both the discontent of the Republican "gold owners", the complaints from the agricultural sector, or the "departure" of the well-known American enterprises such as Harley are closely related to the situation that the trade war is unable to alleviate in the short term.

In an interview with the reference news network, Sun Lipeng, an American economist at the Chinese Academy of modern international relations, said that at present, the "anti tariff policy" from political circles in the United States to the business world is getting stronger. On the one hand, the Trump administration's tariff policy hurts the interests of ordinary people and enterprises. The US Action Forum report shows that if Trump imposed tariffs on China's other $200 billion product, the average annual cost of American consumers would be increased by $20 billion. On the other hand, the tariff policy has seriously damaged the interests of us agriculture and other sectors. Although the Trump administration has recently subsidized the agricultural sector, agricultural groups believe the mitigation measures are insufficient to compensate for the loss of the Chinese market.

In addition, the United States does not rule out global trade retaliation against the United States, and this concern has risen in the US and in the political and business circles. At present, American protectionism is being countered by the world. Under the framework of the World Trade Organization (WTO), the United States has faced the request of consultations from many countries and economies. Russia, Japan and India have reported that WTO should take the action of trade retaliation. In the medium to long term, this will undoubtedly seriously drag down US economic growth.

Famous scholars also expressed concern about the actions of the US government. Professor Joseph Stiglitz, a professor of Columbia University and the Nobel prize winner in economics, pointed out in July 30th in the world newspaper syndicate website. The United States is faced with the risk of losing trade war to China.

Skei Siti Gorlitz judges that as Americans realize they are going to suffer double losses due to the trade war, public support will be further weakened: job opportunities will disappear and the prices of Americans' purchase of goods will rise. This may force the US dollar to decline and intensify inflation in the US, which will lead to more opposition. So the Fed is likely to raise interest rates, leading to weaker investment and economic growth and more unemployment.

At present, the US medium-term elections have entered a hundred days of countdown, and there is a consensus that the Trump administration may not be optimistic if the government continues to act on its tariff policy.     

Sun Lipeng said, on the one hand, tariff policy may exacerbate the internal differences of the Republican Party. To be sure, Trump's trade protection policy is becoming a hot topic in the mid-term elections. Faced with the increasingly intense questioning of Trump, many Republican candidates are drawing a line with Trump. For example, the Republican campaigners in Washington have clearly expressed their opposition to Trump's protectionism, the close economic and trade relations with China, the promotion of the state's export to China, and the promotion of employment and economic growth. On the other hand, Trump's support rate will be affected and drag on the Republican election. Rasmussen's poll showed that more than 60 percent of respondents opposed to Trump's trade protectionism against China and more than 30 percent firmly opposed it. Many people in Congress, strategists and business circles oppose Trump's tariff policy and believe that the problem should be solved through consultation and negotiation. Therefore, Trump's trade protection policy will increasingly become the "negative asset" of many Republican candidates.

Editor in responsibility: Zhang Di


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