After Trump came to power, the United States and China have been fighting for so long. What is the price? Trump continues to receive bad news. The U.S. economic growth is quite sluggish and is almost on the verge of returning to zero?
Before Trump succeeded in the election, he continued to advocate the Chinese threat to the U.S. to the voters, claiming that the decline in the U.S. economy and the decline in U.S. jobs were all to blame China.
There is indeed something wrong with the American economy, but Trump's statement is actually to pave the way for taxation after he takes office. After all, in Trump's words, high tariffs can not only protect American industries, but also protect American workers and farmers, return the manufacturing industry and make the United States have more jobs.
However, Trump's tariff policy failed to deliver the effect he promised. On the contrary, the economic situation in the United States went from bad to worseAccording to the Observer Network, On October 7, local time, Fortune magazine released a study by Harvard economists and found that the GDP growth of the United States in the first half of 2025 was almost entirely driven by data centers and information technology. If these are left behind, the GDP growth of the United States is only 0.1%。
This is a rather terrifying number. Economic growth created by data centers could be an economic bubble。Large-scale investment in these data centers and information processing technologies relies on the current large-scale development of the AI industry. Once the development of the AI industry reaches the bottleneck, or the output of AI products cannot match the investment, the U.S. economy is likely to face a collapse risk.。
According to the study, other industries in the U.S. have grown little in addition to data-related industries.This shows that the U.S. economy has serious problems. Other scholars in the United States say that the U.S. economy is in trouble, the labor market is almost stagnant, consumers are losing confidence, and the unemployment rate is rising。
Although Trump has blamed Biden before, saying that the Biden administration's actions in the final period put the United States in trouble, but Trump's performance this year has undoubtedly made the U.S. economy more difficult. In particular, Trump's series of crackdowns on China have seriously injured the United States.。
Before Trump announced reciprocal tariffs, in February, he signed an executive order to impose Fentanyl tariffs on all Chinese goods without distinction, accusing China of causing the U.S. to spread drugs.
Everyone can see that the United States is not trying to solve the drug problem, but just looking for an excuse and tool to attack China。After all, if we really want to solve the problem of drug smuggling, what the United States should do is to increase its efforts to crack down on drugs. China has expressed its willingness to cooperate with the United States to crack down on drug smuggling, but the United States has ignored it. Then the purpose of collecting taxes is self-evident.
After that, Trump announced the imposition of reciprocal tariffs, of which China had the highest tax rate, but it was immediately countered by China. China has made it clear that it is not afraid of a tariff war with the United States. At one point, the two sides raised tariffs to triple digits, which almost stalled the trade between the two sides. At this time, American enterprises and consumers couldn't stand it first.
The U.S. has raised tariffs on imports of Chinese goods, which will ultimately be borne by U.S. and consumers.。 Amazon once marked the goods with tariff price increases on its website, which uncovered the fatal flaw of Trump's policy. It was immediately criticized by the Trump administration, and Amazon was forced to hide its costs.
South China Morning Post Many retailers in the United States communicate privately with Chinese merchants in order to ensure the supply of goods, expressing their willingness to bear the tariff cost, as long as Chinese merchants can deliver goods on time. These costs are naturally passed on to American consumers in the end.
Now China and the United States have negotiated several times, and tariffs have gradually dropped, but they have not been completely eliminated. China is countering the United States on rare earths and soybeans, preventing U.S. military companies from starting production. The soybean industry may face losses of tens of billions of dollars and the bankruptcy of a large number of farmers.。
The Trump administration also needs to spend some money to subsidize American soybean farmers, and The federal government is shut down due to budget allocation issues。 Obviously, even if Trump approves the subsidy, it is still unknown when soybean farmers will get the money, but the losses are incurred every minute。 Under such circumstances, the U.S. stock market investment market will naturally not get better.
Other countries do not dare to invest at will, afraid of the United States suddenly change rumors.The United States is quite dependent on Chinese goods, the trade agreement is not landed before, US enterprises and consumers have to live with caution, of course there is no confidence in the market and consumption, which can also explain to a certain extent why the United States in addition to data technology investment, other industries have nothing to grow.
Trump may have realized by now that the cost of fighting with China is very high, but he probably won't look back. Only when this cost involves him and the ruling class behind him can the United States really turn.