Exports to the deepest areas of victims in the US trade war
August 14, 2019 09:01 Source: "China Social Sciences" August 14, 2019 Total No. 1756 Author: Yan Yong/Compilation

  Bet365 lotto review The official website of the Institute of International Economic Research, USA released the article "C. Fred Bergsten), a researcher at the Institute of the Institute on August 2,。Article representation,In the past 6 months,The growth rate of American goods and service exports is declining,The export of the United States has become a victim area of ​​the presidential trade war policy。

Article representation,The trade war launched by the United States has damaged the market for American goods and services Bet365 app download overseas in five aspects,seriously destroyed Trump's declaration of cutting trade deficit and promoting the economy。

First,Many American products depend on imported raw materials and parts。Pushing tariffs will lead to an increase in export costs of American goods,As a result, the price is raised。Just as the encounters of companies such as Ford and Caterpilion in the United States,The tariffs of steel and aluminum have damaged the sales of American cars and tractors overseas。Import reduction has pushed the US dollar exchange rate,Make American products more expensive in the global market。

2,Import barriers have triggered foreign countermeasures,Directly cut the export of the United States。American agricultural products sales are particularly serious。

bet365 best casino games third,Trump's macroeconomic policy has exacerbated the predicament of exporters。Due to large -scale tax cuts 1 year ago and increase government expenditure,A significant increase in American budget deficit,This makes the US interest rate far higher than normal。higher interest rates have further pushed the US dollar exchange rate,further squeezing the overseas market for American goods and services。

Fourth,Uncertainty around Trump's trade policy,and other countries' response to these policies,Many US exporters are in a wait -and -see attitude in improving corporate competitiveness and expanding investment。

Fifth,Trump's trade policy makes American companies one of the world's most unreliable companies,The reputation and competitiveness Bet365 lotto review of the United States have suffered an irreversible damage。

The U.S. government has hardly taken any measures to support exports,It has publicly announced the efforts of improving the share of foreign markets for American commodities.。Re -negotiated North American Free Trade Agreement not only does not help the United States to improve its competitiveness,It is counterproductive instead。other,The US government has not been able to increase infrastructure、Education or industrial research and development investment to achieve the purpose of enhancing basic competitiveness。Strict export control in high -tech and other fields,It has also further suppressed the prospects of exports。According to US media reports,Visa Bet365 app download restrictions on the U.S. government and unfriendly remarks to the abroad,The development of the two most dynamic service export industries in the US education industry and tourism industry。

Pergusten said,Trump obviously prefer to reduce imports instead of increasing exports,But other countries are active in exports。Unless the US government's policy reverses,Otherwise, the current trade policy will continue to weaken the US economy,Even destroying the global trading system。

 (Yan Yong/Compilation)

Editor in charge: Wang Ning
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