The leaders of the World Bank and the International Monetary Fund and several multinational investment banks and financial service companies have recently issued the same warning, saying that increasingly expanding trade disputes will lead to the global economy and even fall into the risk of recession.Last Sunday, a multi -country representative who attended the G20 Group (G20) Group of Twenty -20 Groups (G20), Japan, was also concerned that Sino -US trade disputes could bring crisis to the world economy.After arduous negotiations, although the urgency of resolving trade tensions was not resolved in the joint bulletin, representatives of various countries have repeatedly expressed their uneasiness in the Sino -US trade war during the talks.
The trade tariff war between China and the United States to the European Union and other countries has become increasingly prominent. Most Asian countries have poor business performance in the first quarter.And it puts great pressure on the economic prospects of China and the United States in confrontation.Economists are worried that if the trade war is further upgraded and continued for a longer period of time, the tariff game will not only damage the China -US economy, but the economy of other countries will inevitably be affected.
The president of the International Monetary Fund, Lagarde, said in a letter to the Temprarons of the Group of 20 and the governor of the central bank that the comprehensive tariffs on Sino -US comprehensive mutual mutual tariffs will cause the global GDP next year (GDP) to evaporate 455 billion US dollars (approximately 620 billion yuanNew Yuan).U.S. President Trump recently said that after meeting with China, he would decide whether to further impose tariffs on US $ 300 billion in Chinese export products.Because of this, the Twenty Group Summit held in Osaka from the 28th to 29th of this month, the Special Exchange Association was regarded as the highlight of the Sino -US trade war.
However, whether this special practice will be in early December last December, when the Twenty Group Summit held in Buenos Aires in early December, the two countries finally reached an agreement to suspend the trade war between the two countries and laid another difficult negotiation next to the next difficult negotiations.A foundation is still unknown.At that time, Trump agreed to postpone new tariffs, while China promised to increase the purchase of American products.
At present, the dispute between China and the United States has expanded from trade imbalances to scientific and technological competition, military conflicts, Taiwan issues, intellectual property protection, foreign exchange market intervention, and political system reform. Sino -US relations are more complicated.There is no hope, even if the trade war is suspended again, it has not resolved the difference between the two parties in all aspects.
US Treasury Secretary Mnuchin said on June 8 that the United States is still willing to negotiate with China, and stated that it is important to reach a historic agreement for the two countries. This agreement is of great significance to the United States and China and the entire world.However, Mnuchin's recent visit to the US Financial News Network clearly stated that if the Special Specialty Association has no progress, the United States will continue to impose tariffs to balance the trade relations between the two countries.
A compromise agreement seven months ago was to avoid expanding economic conflicts.Since the breakdown of trade negotiations in early May this year, the situation has turned rapidly, the US tariffs on US $ 200 billion in Chinese goods have increased from 10%to 25%, and China will impose tariffs on US $ 60 billion from June 1.The two sides have led to the rise in grain prices such as pork and corn in China, and American companies have begun to worry about rising costs.
At present, there are no concessions on China and the United States that they will explicitly make concessions on basic issues such as market access and trade policies, and China has not confirmed that it will meet with Trump at the Osaka Summit.The increasingly complicated bilateral relations cannot be resolved by the meeting of the two leaders, but the Osaka meeting is definitely an opportunity window, which helps Chinese and American representatives to return to the negotiating table again.Although the negotiations have always been full of variables, Trump's attitude towards reaching an agreement is sometimes optimistic, sometimes tough, and sometimes cautious. The domestic gentle and eagle factions give him contradictory suggestions. These are the factors of the meeting after two weeks.
In December last year, the Special Xi Special Exchange prompted a five -month negotiations between China and the United States. The two parties tried to resolve trade issues. After the negotiation failed, Mnuchin hoped that China would resume the negotiations on the basis of the text before the negotiations between the two parties in early May.The situation judges that after the restarting negotiations between China and the United States, it will face more difficulties.The prospect of the trade war has not clearly endangered the global economy. China and the United States should try to slow down trade conflicts and find a way to resolve their opinions, otherwise they will face the situation of defeat.
