Sing Tao Daily News
After the Sino -US trade war was upgraded, after the telephone number of the two deputy ministries of the two countries, China announced that it would impose tariffs on goods projects imported from US $ 75 billion in goods projects in the United States.The existing tariffs of US $ 250 billion in Chinese goods have been increased from 20 % to 30 %, and the other tariffs for more than 30 billion US dollars of Chinese products on September 1 will rise from 10 % to 10 %.Trump also called on US companies to withdraw from China and return to the United States, showing that the war will not end in the short term. Both sides are prepared for long -lasting operations. Trump will even threaten the Federal Reserve Bureau to reduce the economic decline next month.interest.
China ’s tax increase in this time shows a revenge on the US’ s announcement of tax increases earlier.The United States earlier announced the third largest of 10 percent of tariffs on imports from Chinese goods, involving a total value of 30 million US dollars in the total value of the goods, and it is scheduled to take effect on the first month, including toys, clothing, electronic products, etc.On Christmas gifts, Trump claimed that he did not want to affect the Americans's Christmas, and postponed some of the tax increases on December 15.
The increase in taxation announced by China this time is also 5 % to ten percent, and some of them will be implemented next month. The rest of December 15th, the biggest blow to Trump is the re -imported car imported from the United StatesIn addition to 25 % of tariffs, and 5 % increased taxes in automobile parts, it is bound to further weaken the competitiveness of American cars in the Chinese market and crack down on Trump's voters' livelihood in rust belt.
Hua Huae Counterattack? Mei tough response
Regarding the measures announced by China, Trump was furious, saying that China stole the intellectual property rights of the United States, which caused the United States to lose trillion dollars in decades. It means that we do not need China and they will be better without them.Trump has recently become more tough to China. First, it is affected by the tough attitude of opponents inside and outside the party. In order to renew the president, he shows that he is stronger than them.Essence
In the past, Trump ’s handling of the trade war against China was lighter. Usually, when the market was poor, he had a soft breath, which made the market regain the longing of trade war reconciliation. When the market was heating up, he strongly stressed to China.Now it has changed its strategy, explaining the concerns that the United States pays for economic costs, and the worries that may decline in the economy have forced the Fed to agree to reduce interest rates.
The Federal Reserve reduced interest at a quarter of a century last month. Chairman Powell refused to confirm that it was the beginning of the interest rate reduction cycle. He was povenned by Trump's beads. Trump even recently tweeted: Who is a larger enemy?Powell or President Xi?
The US economy is in a good view, and the performance of the Wall Street stock market is also good. There are no reasons for the Federal Reserve to reduce interest at interest rates.However, the Federal Reserve is usually only one point at a time, and Trump will not be satisfied, and it will inevitably put pressure on the threat of economic decline. Sino -US trade disputes will be difficult to look at the results in short -term talks.
Difficulty of officials and people's cooperation insurance
Judging from the tariff war, Trump has already stated that it can increase the tariff rate of all Chinese goods to 25 % or even higher. Because the imports of Chinese goods in the United States are far more than China imported from China, China is in a unfavorable position. China is in an unfavorable position.This time, the United States started with Chinese goods of $ 300 billion, and China's return can only involve US goods of 75 billion yuan.However, there are other bullets in China, such as another ticket warehouse for Trump to reduce the buying American soybeans to make farmers hurt, and to allow the renminbi to depreciate slightly, and it also helps reduce the pressure increase caused by tariffs.
It has expanded to the science and technology trade front, and the United States contains Huawei. China also has an unreliable entity list that currently only smells the stairs, as a hanging sword on the heads of American companies.
For Hong Kong, the Sino -US trade war is not only difficult to resolve in the short term, but also gradually upgraded. The local import and export related industries will face greater impact.The local interest rate has been extremely low, the US interest rate reduction, local banks may not be reduced, and corporate borrowing costs may not be alleviated.Increased economic downward pressure requires government -civilian cooperation to support enterprises to maintain employment.
