Deutsche Welle today (Feb. 10) has a new revelation: "The U.S. Chamber of Commerce said that if China's unfulfilled 'Phase One' procurement commitments fail, the Biden administration is considering a series of penalties, including restarting trade investigations against China, which could lead to tariffs on Chinese goods." ”
The United States is going to play big, for Chinese goods has been increased to 25% tariffs, the Biden administration is still ready to increase the size? Is it necessary to increase the tariff by another 25%? No matter how many tariffs the Biden administration is prepared to add, it is the American people who will ultimately pay the bills. Because the reason is very simple, at present, China is still the source of goods from major countries in the world.
In many necessities, the United States relies heavily on imports from China, and it is no longer realistic to expect India and Vietnam as an alternative. The United States can only import from China, which means that there is an absolute seller's market between China and the United States, and China can completely hold a posture of loving to buy or not to buy. But the United States can't do it, and if you don't buy it, you really can't do it, so isn't the amount of tariffs you add to this money from the heads of your American people?
There is already serious inflation in the country, is this to further push up domestic inflation? So is the Fed still ready to raise interest rates? How to solve the immediate inflation crisis? Didn't the Biden administration dig its own grave? Playing like this will kill yourself. If the United States imposes trade penalties on China and restricts the import of Chinese goods, it can change the direction of trade exports for China, but it is fatal to the United States.
Otherwise, if inflation in the United States is getting worse and worse, the United States will not come to China again and again. To put it bluntly, I still can't solve the problem of internal inflation, and I hope that China can export cheap products to the United States, especially I don't want the price of Chinese exports to increase. But now it seems that if the United States increases tariffs, is this not a sign of death?
