When the US government escalated economic and trade friction, a ridiculous argument of self-deception was floated by some in the US. It

上海千花网was claimed that “additional tariffs were good for the US”. From last year’s “trade war is good”, it has now come down to that China is payin

g huge tariffs to the US … These huge taxes will be directly handed over to the US Treasury, and tariffs will bring more wealth to the US, even more than tra

ditional trading. This claim goes completely against the common sense of economics.上海千花网品茶微信

It is just the rhetoric of some in the US to hide the dangers of trade wars and fool people.

As far as the essence of trade protectionism in capitalist countries goes, a great ec

onomist has revealed that the protective tariff system that the capitalist class implements in the name of the上海千花网

state and the nation is merely a means of artificially “creating factory owners, exploiting independent workers and capitalizing the production materials and living materials of the people”.In fa

ct, while trade protectionism harms the interests of other countries, it also harms the interests of US citizens. It is a redistribution of interests that benefits only a few large monopolies in the US上海千花网品茶微信.

Trade friction harms the interests of ordinary US consumers. A large part of China’s exports to the US are ordinary consumer goods, and the price elasticity of demand is small. Therefore, according to the tax-transfer

principle, when the US imposes tariffs on Chinese goods, most of them will eventually be passed on to US consumers. A study from Goldman Sachs, a famed investment bank, believes tha

上海千花网品茶微信t after the US government imposed tariffs on Chinese goods last year, Chinese exporters did not lower their prices “to compete in the US market”. Therefore, tariff costs were mainly pa

ssed on to US companies and households, resulting in a rise in consumer prices. It has pushed up the core inflation rate in the US.

• Can Sino-US trade friction hurt the Chinese economy?上海千花网品茶微信

The US has continuously escalated Sino-US trade friction and used trade bullying and various other m

easures against China, which will undoubtedly adversely affect the production and operation of Chinese enterprises and people’s consu

mption and expectations, and increase downward pressure on the economy. However, if we take a long-term, comprehensive and fundamental vie

to calmly and objectively examine it, rather than being caught in the short-term economic fluctuations or the consideration of gains and losses for the mom

ent, we can draw the conclusion that the impact will be generally controllable and positive. The good trend is unchanged, the comprehensive ad

antages are obvious, and the means of regulation are sufficient. There are more opportunities than challenges.

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