The United States is now facing the most serious social turmoil in 50 years. After the global economy restarts, is the second wave of the epidemic ready to move? Sino-US relations are becoming increasingly tense. However, driven by the US stock market's massive printing of money through the Federal Reserve, some new stimulus plans and new U.S. economic data forecasts, the Dow Jones Industrial Average rose by more than 1,000 points this week.
Trump and White House related personnel are planning new relief and stimulus plans for fever: 1. Let the American people return to their jobs, and even go out to eat. It is mainly manifested in normalizing subsidies as part of labor wages. The United States has been receiving unemployment subsidies for some time and can get $600 a week. The next stage will be reduced to $250 to $300. The deduction will be part of the labor salary. Ensure that these workers earn more than 30% higher on their jobs than subsidies.
2. Open up the US tourism industry and revitalize tourism in various places. The corresponding plan is to deduct and exempt travel tax on US vacations.
3. To encourage enterprises to return to the United States and return to manufacturing in the United States, we will increase efforts to return to capital expenditures and deduction projects. There are still some conditions that will only be realized if they expire in 2022. It's now possible to be ahead of schedule.
#Trump#The last and most important thing is the economic data and employment situation that the United States speculated before, many foreign capital analyzed that the unemployment rate in the United States will be double-digit , or even above 10%, but it seems that there is some easing trend. Among the non-agricultural employment data released by the US ADP, the employment situation of some private enterprises in the United States decreased by 2.76 million in May, significantly better than expected. The expected number is 875, and now it is 276. There is a large margin of better than expected. And the previous month was originally in 2023 and it is now revised to 19.55 million. It is obvious that the United States' economic restart seems to be very smooth. So many jobs have also come back. But if you look at it, if you think the most work loss is trade transportation, followed by manufacturing. The more boosted are the education industry and administration-related issues.
Therefore, Trump accepted an exclusive interview with former White House press secretary on Wednesday local time. After boasting, he did not forget to talk about China's issue. Let’s continue to come to sour . China: “China is not a developing country . China is a very powerful country. So if a strong country like China is a developing country, then the United States is also a developing country. Many tariff preferential exemptions and the right, wealth, and block many financial paths of the United States. The United States has many advantages in trade because China is a developing country, which leads to the existence of some trade and some preferential conditions. Therefore, everyone only does business with China, not with the United States.”
But Trump still needs to note that in 2020, the economy of the United States must be further boosted, and the return of manufacturing represents an increase in production costs. According to foreign capital's forecast, the GDP growth rate of the United States in 2020 will be about 5.8%. Especially some performance in the post-epidemic era is further exacerbating the decline of the US economy. Although the stock market rose sharply in the short term. However, the epidemic and civil unrest may once again put the United States in trouble.
