The trade war since 2018 has a clear personal brand of Trump and is called the Trump trade war.The United States advocates India's strategy. Trump should be more affordable to India to restrict China, but Trump, who does not publish a card in accordance with common sense, still fights a micro -trade war against India.Starting from the US -India micro -trade war, see what are the characteristics of the Trump trade war?

In March 2018, Trump announced a 25%tariff on steel from $ 761 million in India, levying a 10%tariff on $ 382 million in aluminum imported from India.In 2017, these two types of products accounted for 2.3%of India's exports to the United States.Since levying tariffs, the exports of Indian steel products have fallen by 46%within 12 months.

In March 2019, Trump decided to cancel the 43 -year preferential treatment of India. The reason for it was that India failed to provide a fair and reasonable market access to the United States.In 2018, India exported 11%of the US export products, with a total of US $ 6.3 billion, and enjoyed the general preferential treatment of the United States.India has no revenge on the US tariff measures in the United States in 2018, but this time India was forced to respond.On June 16, 2019, India implemented tariff revenge, involving a amount of $ 1.3 billion, accounting for about 5.5%of the US exports to India in 2017.

The tariff between the United States and India comes to me, which is in line with the usual trade war, but its scale is small compared to the Sino -US trade war.The United States does not seem to start with India.In 2017, Trump told Indian Prime Minister Modi that US -India relations have never been so firm.In June 2019, the US Department of Defense issued the India -Pacific Strategic Report, and the spear point pointed directly at China, and of course, it highlights India's status.But Trump is Trump, that is, he does not play cards according to common sense, and is not wrong with Indian trade.

Let's see how Trump treats allies like the European Union and Japan.There should be a key point to fight the trade war. It should have played a large -scale trade war with China.The three parties in the United States and Europe in view of China's foreign economic policies are exactly the same.If the U.S. Europe and Japan are joined forces, they can put greater pressure on China.This is also the place where domestic think tank scholars do not agree with Trump. They do not agree with Trump's attack on all sides. There is no rules. Dongyi Hammer knocks on the major US trading partners in the west.

Look at how Trump treats Japan?In March 2018, Trump signed an order to levy high tariffs on imported steel and aluminum products, and Japan was included in it.Afterwards, Japan was the only American allies who were not exempted from steel and aluminum tariffs.Although Trump has no additional sanctions against Japan, he asked Japan to pay the US military expense ratio, the most in the United States.In September 2018, the United States and Japan agreed to negotiate a bilateral free trade agreement.

Vice President Pence hopes that the Japan -US Trade Agreement will become a demonstration agreement in the Indo -Pacific region.In May 2019, Trump visited Japan.He did not give back the deficit between Japan and the United States, and put pressure on Japan to reduce the deficit in the United States and expand the export of the United States.As a result, there was no joint statement after the talks of Japan and the United States.In mid -August, Trump directly wanted to buy additional US agricultural products.

This is Trump, who compete for economic interests for the United States regardless of everything.For economic benefits, Trump did not take the rest.But don't think that he is just a naked businessman, he is also extremely hostile to socialism, and has repeatedly expressed his hatred for socialism.

However, in the Sino -US trade war, Trump divided the economy and politics very well, treating China's sensitive political issues in low -key, and did not include politics into Sino -US trade negotiations.On August 14th, Trump said that China hopes to reach a trade agreement, but Chinese leaders should first treat Hong Kong humanely.The background of this statement is that the two parties and the media of the United States are constantly criticizing Trump to stand by.Trump's impression to the outside world is that as long as he meets a satisfactory Sino -US trade agreement, he has never mentioned ideological issues to the Chinese government.

The Trump trade war must have a negative impact on the United States. Increasing import tariffs on the United States increased the production cost and consumer expenditure of enterprises, which led to a decline in profits of enterprises and reduced consumer welfare.US companies' profits fell by $ 63.9 billion in the first quarter of 2019, a decrease of 3.1%. This is the largest decline in the company's profit since the fourth quarter of 2014.

American companies said they assumed most of the burden of rising costs, and then passed 25%of tariffs to consumers.According to a report from the US think tank Trade PARTNERSHIP, Trump's tariffs have paid an additional $ 767 of daily daily necessities in American families.If Trump impose tariffs on all the remaining Chinese imports, this number may rise to about $ 2389, and it will also cause 2.2 million people to unemployment, and the GDP (GDP) will decrease by 1%.

The trade war has caused damage to the US economy. The American people should be dissatisfied with Trump, especially the Sino -US trade war caused the interests of American farmers to damage. American farmers should oppose Trump the most.But the opposite is just the opposite that American farmers continue to support Trump.On August 6, the latest producer survey of the Commercial Agricultural Center of Purdue University in the United States showed that 78%of the US farmers supported Trump's trade war in July, and they believed that the trade war would eventually benefit US agriculture.

On the same day, according to the latest US Farm Journal Pulse survey, US farmers' support for Trump was 79%, and the net income of American farmers in 2019 is expected to be less than half of 2013.According to statistics from the Ministry of Agriculture, in 2012, there were only about 3.2 million farmers in the United States.

On August 7th, the New York Reporter pointed out that according to data from the voter research team, there seems to be quite a lot of voters support Trump.In 2016, millions do not like Trump Americans, and now they say they like Trump.Since June of this year, the on -site interview cowns conducted by registered voters showed that Trump ’s work performance satisfaction rate was 46.4%, which was higher than his 45.9%voting rate at 45.9%of his 2016 elections.

Trump's trade war highlighted Trump's personality and beyond the determination of ordinary people's thinking. There are many should be in this article, and the result should not be.Trump's persistent pursuit of the spirit of the United States priority may move the American people.Although he regards the interests of other countries, it is not wrong to start from the nature of the economy.As long as there is a law to do things, and obey the rules, people have no way to take him.The Trump trade war stirred the world economy and analyzed the Trump trade war to avoid misjudgment.

(The author is a professor of economics at Shanghai Normal University Business School)