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Trump’s second term Washington, your guide for what tools for business and world
Say what you like about Scott Bessent, but Donald Trump insists on claiming logic in every tonguance of Haphazard tariff policy. Bessent and other management officials are now around the world, trying to sign a weapon in the world, while holding weapons to each other, and we think that all are a cunning plan.
It is clear that Trump’s strategy is terrible: This Not even clear WHAT HAPPENED. However, a less inexperienced management will also compete. For decades, the US global trading system has re-eligible, capital inflows, advanced technology and a wide consumer market – relative to China. Barack Obama called the United States “an indispensable nation.” In trade and technological terms, it goes down.
During the Marshall Plan of the Second World War, the United States has established a proposed political economy in Western Europe in Western Europe. It only offered not only financial marshalls, but also to advanced technology and its growing consumer market.
These advantages have broken down. US assistance budgets have closed the relative of China’s relative, as well as the government’s efficiency department, less or less the latest information in the United States Agency Agency.
Under the United States, especially Joe Binden, China worked hard to deprive Chinese advanced technology, especially from semiconductors. However, the lack of matching Chinese officials and corporate investments, when sending the wrong signals to the US industry, in a good way in most green technology. If a country wants to accept solar or wind energy or replace internal combustion engines with electric vehicles, generally will generally receive a subsidized set.
Rhodium Group Consultant Guessing this Global exports and modules in China’s solar cells were 53.5 percent in 2023, 53.5 percent before 10 years before 10 years, Lithium-ion batteries and semi-finished houses.
The United States, which uses subsidies and protective tariffs on import, tried to build its own battery, home and solar production for the domestic market. This week, a bunch initiative, came to the fruit in the announcement of Mezospheric tariffs Up to 3,521 percent About sun cells from Southeast Asian countries. Solar energy may be politically necessary to live in the United States, but it will never be an exporter of competition.
Similarly, the EU is trying to connect the leading Chinese production to the domestic market. However, the US, local automotive industry bent with the protection of trade Another country creates a low-tech technological, high-valued home sector who does not compete abroad towards the giant gas-cuzzing trucks.
If technology cannot offer to ensure trade deals, undoubtedly have a domestic market as the US still stimulus? Here saves an advantage in China, which continues to follow a export-oriented growth model. OECD, the latest Covid year, which can calculate this information in 2019, the share of general global goods imports 15.4, but the share of the latest requirements (each stage of production), 9.7 percent of China, and even 11.3 percent of the EU.
Reducing the tariffs of the US trade partners has longused the long market access to the United States to accept intellectual property rights and other relations. Probably the latest Hürray for this tactic was worriedly compassionate in 2016, which was signed by 12 Asian-Pacific countries and covered China with US-oriented economies.
However, Congress, Trump closed the United States before completing the United States in 2017. Most countries have become a “comprehensive and progressive” CPTPP to “comprehensive and progressive”, which includes Washington’s insistence.
Since then, the prospects for the US market for Leverage are only in the sharing of the global economy in the United States, but in Washington, the trade agreements are shrunk by a secular landing. Biden’s leadership tried to restore the influence of the United States in the Asia-Pacific Ocean with the “Indo-Pacific economic base” for welfare. However, this simply attempted to accept the US Labor Standards and other rules of the partner countries, he created Bemusement in the region by trying to adopt other rules in return.
Trump’s opinion is to enter the market with high tariffs and then threaten to restore it in exchange for trade discounts. They don’t all have sticks and carrots. The reliability of the danger of applying constant high import duties is subject to whims of financial markets, and these taxes are very small in small amounts of suspects are valid in keeping these taxes down.
In the global game of trading poker, Trump has inherited a hand of weakening and plays extremely bad. Bessent and other officials are in a careful condition. The United States does not include the market to control global trade, technology or market, and Trump’s incorrect behavior increases the possibility that it will never be wrong.
