Data expansion:
From the perspective of economic globalization, what impact does the Sino-US trade war have on China and other countries in the world?
(1) China: ① China retaliated against the United States in self-defense and imposed a 25% tariff on imported goods originating in the United States, resulting in price differences when domestic consumers buy the same kind of goods. (2) The trade surplus with the United States will decrease. The trade surplus with the United States is the most important part of China's current account surplus, and China's current account surplus will be greatly reduced, which is unfavorable to foreign trade. (3) The US dollar reserves have been greatly reduced, and the credit base of RMB issuance has been damaged, which has affected the ability to earn foreign exchange. (4) The United States abolished the Network Neutrality Act, and Internet service providers can block these websites or slow down their access speed, that is, disconnect the network without informing consumers in advance. China's banking, transportation, commerce, postal services and telecommunications systems are likely to be paralyzed. (5) American citizens and pro-American families have a high degree of hatred towards China. The developed countries, such as the European Union and Japan, have no different accusations and attacks on China in terms of intellectual property rights, compulsory technology transfer, corporate mergers and acquisitions, and their positions are exactly the same as those of the United States.
(2) For the United States: (1) The tariff on goods exported from China to the United States is raised, and there is a price difference when American consumers buy the same kind of goods. (2) The stock index falls, and investors' investment confidence and enthusiasm decrease, which will easily lead to economic crisis and recession in the United States. ③ Some export products (such as soybeans and automobiles). ) With China as the main customer, the inventory is surplus, and the interests of farmers and workers are damaged. The international reputation of the United States has been damaged in some countries, which has shaken the concept of cooperation between some countries and is not conducive to the promotion of economic globalization. (3) For other countries: ① The global stock market fluctuated. ② It is easy to be divided into "quite moderate" and "quite beautiful" levels, forming trade barriers, which is not conducive to the promotion of economic globalization. (3) Assuming that the economic recession in the United States leads to a large number of printed and issued dollars, the currencies of "trading countries" that rely on dollars will depreciate.
What is the essence of Sino-US trade war?
The essence of the Sino-US trade war is a battle of national luck-for the average country, the trade war is definitely a lose-lose in economics, but for the big countries, the key lies in who can afford it. Moreover, historical experience has proved that the contest between big countries (especially between the "eldest" and the "second") is not an economic act, not for the purpose of economic interests, but an international political act, with the purpose of national interests. And this great war about politics and national luck will definitely affect all aspects of China in the next few decades (not just the economy).