The Sino US trade war is now in full swing. For many American fruit farmers, they are worried about the commodities to be exported. What is the impact of the Sino US trade war on the United States?
U.S. President trump said in the morning of Beijing time on the 6th that in view of "China's unfair counterattack", he has asked the U.S. trade representative's office to consider whether it is appropriate to impose tariffs on additional $100 billion of goods imported from China based on the "301 investigation".
Ha Jiming, a senior researcher at the China finance 40 forum, said: 'many people only see that the scale of China's imports to the United States is smaller than that of its exports, and think that China will lose more in the trade war. In fact, since March 1, the proportion of the evaporation amount of US stock market value to US GDP is higher than that of China's A-share market value. In this regard, the US has lost more. "Compared with 2007, China's dependence on foreign trade has greatly decreased," he said.
Ha Jiming said that China and the United States have left room for their current policies, not to the extent of a trade war. But even the worst-case scenario doesn't have a big impact on China. In the long run, the trade war may have a greater impact on the United States, and China is not afraid of trade war.
At the same time, he said that the trade friction between China and the United States had something to do with Trump's own cognition. When he was young, he said in public that the United States had been used by other countries and bullied by other countries. Until now, it has not turned around. When Trump came to power, there were many rational people in the government, including Cohen, the economic adviser. Now, there are mainly some hawks around trump. With Trump's consistent cognition, the outbreak of trade friction has been promoted.
'trump mainly believes that the trade deficit is not good from the perspective of company management and does not realize the benefits of the trade deficit. In fact, the United States enjoys the benefits of the dollar as a global reserve currency, which can be exchanged for global products by printing money. 'said Ha Jiming.