The United States government announced that it would not increase tariffs on China for the time being, and more than 1,000 objections were admitted
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First of all, it's dramatic! You said that the United States government originally planned to impose tariffs on a series of products imported from China again on August 1, up to 100%, which is really ruthless! But United States officials abruptly halted the plan and delayed a decision for two to three weeks. Why? Because they received more than 1,000 backlashes from the industry! It turns out that these veteran companies and manufacturers have said that they really can't let Chinese goods bear more tariffs. It seems that the United States government is still afraid of causing a commotion.
It's no wonder that we all know that since the Trump era, the United States has been ruthless with Chinese goods. At that time, more than $350 billion of Chinese goods exported to the United States were subject to a 25% tariff, which was an astronomical amount! What's even more outrageous is that Trump also claimed that this is not enough, and that he will increase it to 60% after taking office! This is too much, and he wants to directly block all Chinese goods from the door.
But then again, does it really work? Economists in United States have long pointed out that the tariffs imposed during the Trump era are ultimately paid for by United States importers and consumers. And now that China is the world's factory, infrastructure is also our strength, and no matter how many tariffs you add, Chinese goods will continue to pour into the United States market. If we hadn't changed our way to other countries and then exported, you United States would have been unable to bear it.
Therefore, judging from the above indications, the United States Government's decision to temporarily suspend the tariffs is undoubtedly a wise move. After all, if China continues to raise taxes, it will not only lead to soaring prices and severe inflation in United States, but may also further affect the election results of the Democratic Party. After all, who doesn't want to see runaway inflation again, right?
Of course, I personally believe that the United States government, whether Republican or Democratic, should think about this issue. You're right, cooperation is mutually beneficial, so why bother to use a knife against China? However, the people are most concerned about the money in their pockets. If you insist on getting the people to pay more money to buy Chinese goods for political purposes, I am afraid that it will not escape the scrutiny of public opinion.
It seems that the United States government's decision to temporarily suspend the tariffs can be regarded as temporarily avoiding a big trouble. But I'm still curious to see how they will deal with this thorny problem in the future.
After all, the economic and trade relationship between China and the United States is simply too complicated. On the one hand, United States is indeed very uneasy about the rapid rise of China's manufacturing industry, and the tariff hike is undoubtedly an attempt to contain China's rise. But on the other hand, United States' own industrial chain is heavily dependent on China's low-cost supply, and arbitrary tariff increases will inevitably lead to higher price and inflationary pressures.
I think that in the future, the two sides may conduct more detailed negotiations and games on some specific categories. For example, tariffs on certain high-tech products can be temporarily imposed to protect United States' technological advantage; However, for some general consumer goods, a relatively open policy should still be maintained to ease inflationary pressures. After all, the interests of the United States are the most important thing.
At the same time, the United States government should also pay more attention to the opinions of industry. The fact that we have seen more than 1,000 responses this time is enough to show the strong opposition from the business community to this policy. After all, they are the first-line producers and exporters, and they know better the impact of tariff policies on their own operations. If the government completely ignores the demands of the business community, it will inevitably create more resistance and contradictions.
Of course, both China and United States should strive to maintain this important economic and trade relationship in line with the principle of mutual benefit and win-win results. After all, the economies of China and the United States are highly integrated, and neither can do without the other. Only by achieving mutual understanding and mutual respect can we truly achieve long-term and stable development.
In this way, the temporary concession of the United States government undoubtedly leaves more room for future consultations. I believe that as long as both sides have an open and rational attitude, they will be able to find a balance that satisfies all parties. After all, no one wants to see the trade war escalate to the detriment of the two peoples. Let's wait and see if the leaders of the two countries can reach a new consensus as soon as possible.
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