Exports have become the hardest hit area bet365 champions league U.S. trade war
bet365 champions league 14, 2019 09:01 Source: "Chinese Social Sciences Journal" Issue 1756, bet365 champions league 14, 2019 Author: Yan Yong/Compiler

  This newspaper comprehensively reports from bet365 champions league media The official website of the Peterson Institute for International Economics bet365 champions league United States released the institute’s researcher C on August 2. Fred Bergsten (C. Fred Bergsten’s article “Trump’s War on U.S. Exports”。Article representation,Past 6 months,The growth rate of U.S. exports of goods and services shows a downward trend,U.S. exports have become the victim of the president’s trade war policy。

Article representation,The bet365 champions league war initiated by the United States has damaged the overseas market for American goods and services in five aspects,Seriously undermines Trump’s stated goals of reducing the bet365 champions league deficit and boosting the economy。

First,Many U.S. goods rely on imported raw materials and components。Additional tariffs will lead to an increase bet365 champions league cost of exporting U.S. goods,Thereby raising the price。Just like what happened to companies such as Ford and Caterpillar bet365 champions league United States,Steel and aluminum tariffs hurt U.S. car and tractor sales overseas。Reduced imports push up the dollar exchange rate,Make U.S. goods more expensive in global markets。

Second,Import barriers trigger foreign countermeasures,Directly cuts U.S. bet365 champions league。U.S. agricultural sales have been particularly hard hit。

Third,Trump’s macroeconomic policies exacerbate exporters’ woes。Due to massive tax cuts and increased government spending 1 year ago,The U.S. budget deficit has increased significantly,This has kept U.S. interest rates well above normal。Higher interest rates further push up the dollar,Further squeezing overseas markets for U.S. bet365 champions league and services。

 Fourth,Uncertainty surrounding Trump’s bet365 champions league policy,and other countries’ reactions to these policies,Many U.S. exporters are on the sidelines in improving corporate competitiveness and expanding investment。

 Fifth,Trump’s trade policies have made American companies among the most unreliable bet365 champions league world,The reputation and competitiveness of the United States have suffered immeasurable damage。

The U.S. government has taken almost no measures to support exports,His avowed efforts to increase foreign market share of U.S. goods have had limited success。The renegotiated North American Free Trade Agreement has failed to help the United States become more competitive,On the contrary, it is counterproductive。In addition,The US government also failed to increase investment in infrastructure、Investment in education or industrial R&D to achieve the purpose of improving basic competitiveness。Stricter export controls in high-tech and other fields,It also further inhibits the prospects of exports。According to US media reports,The US government’s visa restriction policy and unfriendly foreign remarks,Inhibiting the development of the two most dynamic service export industries bet365 champions league United States, education and tourism。

Bergsten said,Trump clearly prefers cutting imports rather than increasing exports,But other countries are very proactive in exporting。Unless the U.S. government’s policies are reversed,Otherwise current bet365 champions league policies will continue to weaken the U.S. economy,Even destroy the global trading system。

 (Yan Yong/Compiled)

Editor: Wang Ning
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