The "China-U.S. trade war" started during Trump's administration, and Biden has silently continued this situation to this day. Recently, there has been a strong desire to deal with China. At the G7 summit, they discredited China and created division and confrontation; at the NATO summit, they directly positioned China as a "systemic challenge" in the new strategy.
Biden also proposed a global infrastructure initiative at the G7 summit, in order to weaken the influence of China's "One Belt, One Road" policy on the international community and allow countries around the world to gradually decouple economically from China.
But in fact, the world economy cannot decouple from China at all, and the United States itself cannot sever its trade relationship with China. Take the report released by the United States itself. The USDA report shows that agricultural trade between China and the United States is close this year. It is expected that U.S. agricultural exports to China will reach 36 billion US dollars this fiscal year, a record high, higher than that in fiscal 2020. More than twice as high.
Therefore, even if the U.S. government is unwilling to do business so closely with China and is afraid of being tied up, American companies have no intention of paying attention to this at all. Evan Greenberg, former chairman of the U.S.-China Business Council, not only urged U.S. companies to redouble their efforts to enter the Chinese market, but also bluntly stated that U.S. companies would rather bypass the government and continue to expand investment qualifications in China. Decoupling will only weaken the global competitiveness of the United States. . A spokesman for the U.S.-China Business Council also said that U.S. companies are making huge profits in the Chinese market, and the United States also relies on goods exported from China. Why can’t U.S. companies make money?
The US "Foreign Policy" website also recently published an article related to the US-China economy, titled "The United States and China have not severed ties yet." The author analyzed in the article that judging from the current trade situation of US-China goods and services , there has been no significant decoupling, and such a situation will not occur.
Take the data released by the U.S. Department of Commerce in June. The trade deficit between the United States and China decreased by US$8.5 billion to US$34.9 billion in April. This means that China’s export dependence on the United States is gradually decreasing, and it is instead establishing closer business cooperation with other countries.
In short, if it insists on struggling with China economically, the United States is actually struggling with itself. Against the background of the new crown pandemic and the conflict between Russia and Ukraine, the dilemma of domestic inflation in the United States has become very obvious. China's goods have been exempted from tariffs. Where can Biden find money for the people of his country? And Biden has always been interested in renewable energy solar energy. China, as a well-deserved power in the photovoltaic industry, is obviously extremely helpful to the United States in this regard.
In fact, despite how loudly some American politicians clamor for "decoupling from China," the fact now exposed is that the United States cannot escape its trade dependence on China. If it blindly pursues so-called "political correctness" and is divorced from the reality of people's livelihood, In the end, the first one to suffer and the biggest loss will be the United States itself!
