Clinton, who is already in his twenties, left Trump with only one piece of advice after watching the grand military parade in China. This sentence is not roundabout. There is only one core: instead of staring at other people's military parade and competing, it is better to calculate the accounts of your own farm-cooperation can win results, and confrontation will only hurt both.
Trouble see the official gentlemen in the upper right corner click on "attention", which is both convenient for you to discuss and share, but can bring you a different sense of participation, thank you for your support!
Since Trump took office, he has launched a fierce trade war, especially the economic and trade friction with China, which has become one of the core issues of his government.
The President of the United States believes that China can be forced to make concessions in trade, intellectual property, etc. by confrontation, especially by imposing tariffs.
The most direct impact is on American agriculture and small businesses. American farmers, as one of Trump's cornerstone voters, have become the biggest victims of the trade war.
As one of the largest import markets for agricultural products in the United States, China imposed retaliatory tariffs on U.S. agricultural products in the early stages of the trade war, resulting in a significant decline in U.S. exports of soybeans, pork, beef and other products.
Many farmers face a sharp decline in income, increased debt, and some farms even have to sell land or declare bankruptcy.
For small, although their target markets are relatively diverse, their dependence on China’s exports and imports cannot be overlooked.
Rising tariffs and disruption of global supply chains have made it difficult for many small businesses to survive under the pressure of rising costs.
Especially those small and medium-sized manufacturers who rely on the Chinese market, whose businesses are drifting away under tariff barriers. As trade barriers rise, the cost of living rises, and consumers have to pay for it.
All of this shows the cost of the trade war: not only did it fail to effectively squeeze the growth space of China's economy, but it also put greater economic pressure on the middle and low-income class in the United States.
Clinton's advice is not without basis. In today's day of deepening globalization, it is obviously unrealistic for a single country to want to break away from the global economic system through confrontation. China and the United States have close economic ties and highly intertwined interests.
America's high-tech industry, financial services industry, especially soft power such as Hollywood movies, all have huge markets all over the world, and China is an important part of them.
Sales of consumer goods, electronics, and mechanical equipment manufactured in China in the U.S. market have also created a lot of jobs for the United States.
From the perspective of the overall economy, cooperation will not only help the two countries to complement each other's resources, but also promote the steady growth of the global economy.
For the United States, economic cooperation with China can bring stable market demand, and at the same time, it can help American enterprises occupy a place in the Chinese market.
In fact, as early as President Clinton's term of office, the cooperation between the United States and China has achieved remarkable results.
In 1999, China successfully joined the WTO and became an important member of the global economy.This event not only brought economic development and modernization opportunities to China, but also benefited U.S. globally.
During the Clinton administration, American companies achieved rapid expansion with the help of China's cheap labor and huge market, while China promoted its own scientific and technological progress by importing high-tech products from the United States.
The Trump administration’s trade war has put a stop to this positive interaction, and some U.S. and farmers have paid a heavy price for it.
Even if Trump finally adopts the so-called "first-stage agreement", in the long run, the so-called "victory" reached by the trade war alone can't change the fundamental pattern of the economy, but may bring more uncertainty to the US economy.
Clinton's advice is actually a reminder to Trump and his administration that what really needs to be solved is the internal problems of the United States, rather than diverting attention through confrontation with other countries.
Economic pressures within the United States, especially those facing farmers and small, need to be addressed by more constructive approaches.
America’s competitiveness does not come entirely from military and political confrontation, but from its innovation capabilities, technological advantages, and extensive cooperation in global markets.
Trade war is not the ultimate means to solve the problem. Cooperation and openness are the keys to the sustained growth of American economy.
Trouble see the official gentlemen in the upper right corner click on "attention", which is both convenient for you to discuss and share, but can bring you a different sense of participation, thank you for your support!
Since Trump took office, he has launched a fierce trade war, especially the economic and trade friction with China, which has become one of the core issues of his government.
The President of the United States believes that China can be forced to make concessions in trade, intellectual property, etc. by confrontation, especially by imposing tariffs.
The most direct impact is on American agriculture and small businesses. American farmers, as one of Trump's cornerstone voters, have become the biggest victims of the trade war.
As one of the largest import markets for agricultural products in the United States, China imposed retaliatory tariffs on U.S. agricultural products in the early stages of the trade war, resulting in a significant decline in U.S. exports of soybeans, pork, beef and other products.
Many farmers face a sharp decline in income, increased debt, and some farms even have to sell land or declare bankruptcy.
For small, although their target markets are relatively diverse, their dependence on China’s exports and imports cannot be overlooked.
Rising tariffs and disruption of global supply chains have made it difficult for many small businesses to survive under the pressure of rising costs.
Especially those small and medium-sized manufacturers who rely on the Chinese market, whose businesses are drifting away under tariff barriers. As trade barriers rise, the cost of living rises, and consumers have to pay for it.
All of this shows the cost of the trade war: not only did it fail to effectively squeeze the growth space of China's economy, but it also put greater economic pressure on the middle and low-income class in the United States.
Clinton's advice is not without basis. In today's day of deepening globalization, it is obviously unrealistic for a single country to want to break away from the global economic system through confrontation. China and the United States have close economic ties and highly intertwined interests.
America's high-tech industry, financial services industry, especially soft power such as Hollywood movies, all have huge markets all over the world, and China is an important part of them.
Sales of consumer goods, electronics, and mechanical equipment manufactured in China in the U.S. market have also created a lot of jobs for the United States.
From the perspective of the overall economy, cooperation will not only help the two countries to complement each other's resources, but also promote the steady growth of the global economy.
For the United States, economic cooperation with China can bring stable market demand, and at the same time, it can help American enterprises occupy a place in the Chinese market.
In fact, as early as President Clinton's term of office, the cooperation between the United States and China has achieved remarkable results.
In 1999, China successfully joined the WTO and became an important member of the global economy.This event not only brought economic development and modernization opportunities to China, but also benefited U.S. globally.
During the Clinton administration, American companies achieved rapid expansion with the help of China's cheap labor and huge market, while China promoted its own scientific and technological progress by importing high-tech products from the United States.
The Trump administration’s trade war has put a stop to this positive interaction, and some U.S. and farmers have paid a heavy price for it.
Even if Trump finally adopts the so-called "first-stage agreement", in the long run, the so-called "victory" reached by the trade war alone can't change the fundamental pattern of the economy, but may bring more uncertainty to the US economy.
Clinton's advice is actually a reminder to Trump and his administration that what really needs to be solved is the internal problems of the United States, rather than diverting attention through confrontation with other countries.
Economic pressures within the United States, especially those facing farmers and small, need to be addressed by more constructive approaches.
America’s competitiveness does not come entirely from military and political confrontation, but from its innovation capabilities, technological advantages, and extensive cooperation in global markets.
Trade war is not the ultimate means to solve the problem. Cooperation and openness are the keys to the sustained growth of American economy.