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Your guide to what the American elections mean 2024 for Washington and the world
When you are in doubt the use of block capitals. “No one” insisted on going down, “Donald Trump on Sunday – in a confusing clarification of a previous declaration that the United States will exempt smartphones and consumer electronics from the customs tariff. This exemption in itself was a change in the policy of last week, as it announced a” mutual “tariff by 145 percent on all goods from China – which itself was a significant increase in the prices announced a few days ago. Follow?
The informal observer may think that all these sudden transformations in the tariff policy are evidence of chaos in the White House. Trump begged for the difference. Bill Akman, financier, Be praised Former U TURN screaming as “it was brilliantly implemented … a textbook, the art of the deal.”
The most enthusiastic supporter continues to be insisting as a major strategic expert. Those who suggest otherwise they risk accusing Trump’s distortion syndrome.
Unfortunately, I still have TDS. (The vaccine was banned.)
In my feverish mind, Trump appears to have a much weaker hand than what he believed in the introductory Booker game that he plays with China. The longer Trump’s prolonged acceptance of this categorically – the more he and the United States are losing.
The assumption of Trump’s start and trade warriors is that China automatically in a non -favorable position in a conflict of definitions. Scott Bessin, the US Treasury Secretary, argued that China “plays with a pair of twins … we are exporting behind what they export to us, so that this is a losing hand for them.”
The defects were explained in Trump’s logic and clearly in a conversation condition Written by Adam Bosn in foreign affairs. As Busin notes, the fact that China is exporting to the United States much more than vice versa is actually a source of luxury for them – not weakness.
The United States does not buy products from China outside charitable. Americans want what China is making. So if these products become more expensive – or completely disappear from the shelves – the Americans will suffer.
The importance of painful on smartphones is that Trump has recently had to admit something that he always denied – customs duties are paid by importers, not exporters.
More than half of the smartphones sold in America are iPhone and 80 percent of those made in China. Americans will complain loudly if they are more than twice the price. “Editing Day” was not supposed to mean liberation from their smartphones.
Phones and computer equipment are the most clear climbing candidates. They are not isolated examples. Trump will have to hope not to be a hot summer because about 80 percent of the world Air conditioners Made in China. Along with three quarters of the electric fans, America’s import. The White House will definitely want the trade war by Christmas because 75 percent of the dolls and bicycles made by US imports in China.
Can all these things be made in America? Just perhaps. But it will take some time to prepare new factories and the final products will be more expensive.
Trump hates bad newspapers and wants them to go. So instead of enduring the pain of deficiency and inflation, it is possible that it will add more and more elements to the list of goods exempt from the definitions.
Under these circumstances, China can play the waiting game. But if Beijing decides to become bad, it will contain some strong tools that you can publish. China makes approximately 50 percent of the ingredients that enter into Antibiotics The Americans depend on it. F35, the backbone of the US Air Force, It requires The rare land components obtained from China. The Chinese are also the second largest foreign owners in US Treasury bonds-which may be concerned at a time when the market is under pressure.
Even if the Trump administration is able to find a group of imports that no one in America-it seems unlikely to cause damage to change the game on China.
The American market represents only about 14 percent of Chinese exports. Joerg Wuttke, former head of the European Trade Chamber in Beijing, Argue The American definitions are “uncomfortable, but they will not pose a threat to the economy … It is a $ 14 economy-exports to the United States is $ 550 billion.”
The White House keeps suggestion From the leaders, President Xi Jinping must capture the phone and communication. But with Trump in retreat, there is no incentive for the Chinese leader to speak – not to mention the retreat of mercy.
The tyranny system – which is controlled by the Chinese Communist Party – may be better prepared to absorb a period of political and economic pain from the United States, as it quickly translates economic turmoil into political pressure.
XI is completely able to make bad mistakes on its own. China has demonstrated the treatment of Covid-19 epidemic. But the Chinese were preparing for a business with the United States for a long time – and they thought about their options. On the contrary, the White House makes it as it goes along.
Trump has dealt with himself a loser. Soon or later, he will have to fold it. The art of textbooks for the deal!
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