China is definitely one of the world-class factories.
The United States GDP Although there is nothing to say, in terms of trade volume, it is still far behind China. Last year, we even exceeded the 600 million mark in one fell swoop.
When it comes to trade partnerships, EU and ASEAN have always been ranked in the top two, followed by the United States. However, from a national perspective, the United States is undoubtedly our largest trading partner. After all, the EU and ASEAN are not individual countries.
Since the 1980s, my country's large number of cheap labor has attracted batches of foreign companies to invest and build factories.
At this time, the industrial development in the United States was already quite mature. Low-profit, high-pollution, middle- and low-end industries began to move abroad, leaving behind mostly high-tech and financial industries.
Industries such as clothing, electronic assembly, and food processing have basically been transferred to my country and Southeast Asia.
"Made in China" is more than just a slogan.
Currently, there are more than 70,000 U.S. companies in China, and their annual sales are basically no less than 700 billion US dollars. If you look closely, almost 97% of them can achieve profitability.
Despite the wealth of the United States, most daily necessities are almost entirely made in China.
Along with economic globalization, trade between China and the United States has become increasingly frequent since 1995, but China has always maintained a trade surplus.
To put it bluntly, China’s exports to the United States are far greater than its imports.
20 years have passed, and the surplus has been expanding. However, Americans have seen the clues and believe that they are suffering a loss because they can only get in but not get out.
As a result, in recent years, it has gradually reduced its imports of Chinese goods.
In 2018, tariffs were imposed in various ways, and the scale and speed of commodity imports dropped immediately, and some even dropped by 40%.
In 2019, the trade volume between China and the United States dropped by 14.5% to 541.38 billion, of which the trade surplus dropped by 8.5% to less than 300 billion.
In the past two years due to the epidemic, coupled with tariff restrictions, Sino-US trade should have continued to decline. Although it is difficult for us, we never thought that the United States would be more difficult than us.
By 2021, the level of Sino-US trade volume will be basically similar to the level in 2017.
Normally speaking, trade transactions are about exchanging what is needed, and there is no such thing as a loss or a loss.
Although the United States has always had a trade deficit , it has provided more than 2.6 million jobs for the American people. After the imposition of tariffs, the annual cost of living for American families will increase by about US$850, and there will be considerable Some people will face the risk of unemployment.
After entering this year, Sino-US trade has been quite satisfactory, but China's position in the United States' foreign trade has declined.
In the first four months of this year, the total foreign trade volume of the United States increased by 21.4% year-on-year, reaching 1.75 trillion, of which mainly imports, which means that the U.S. trade deficit will widen again.
The largest trading partner changed hands from us to Canada, with a trade volume of 258.5 billion.
After Canada, Mexico ranked second with a trade volume of 249.7 billion.
We have actually become the third largest trading partner of the United States. Although the trade volume increased by 17.1% year-on-year, the trade volume dropped to 241.12 billion. Although the gap between
is not big, it is still compared with others, but for us, it is not a bad thing.
As for the reason for the decline, the epidemic recurred in the first quarter of this year, which hindered the import and export trade of and . China's export trade to the United States dropped by about 10.1 billion.
This has also directly led to the overtaking of bilateral trade between Canada and Mexico.
Don’t forget that the increase in the total trade volume of the United States is inseparable from the inflation it is currently facing.
html The rare big inflation in 2040 has made American prices soar all the way, and the people are almost complaining.When encountering this kind of thing, the United States will definitely not sit still and wait for death. The usual trick is to raise interest rates on and . However, after several rounds of interest rate hikes, it has not had much effect at all, and it has also messed up the international market.
Out of frustration, the United States began to discuss the issue of whether to lift tariff restrictions on some Chinese goods. The result of
is really settled. Although it is only 120 billion, it is only a drop in the bucket, but at least it is a change.
Once tariffs are lowered, the cost of imported goods in the United States will also drop, and the price level will recover, and the inflation problem will be alleviated to a certain extent.
Of course, this is only for a small number of products. The United States is still hesitant about whether to cancel it.
But having said that, whether we cancel some or all of them, for us, it is not just an increase in trade volume, it will definitely lead to an appreciation of the RMB.
As a result, the United States' expenditure has undoubtedly increased, which is why they have been hesitant.
The longer we delay, the better it will be for us. After all, we still have to rely on us for the import of daily necessities.
Of course, the United States also wants to export goods to my country, such as agricultural products, oil, etc., which can increase their income.
But the only bad thing is that they are not willing to export high-tech products to us.
To put it bluntly, this layer of tariffs will definitely be lifted. It is just a matter of time, but the longer it is delayed, the more detrimental it will be to the United States.
