Trump to Announce Multinational Trade Issues Tomorrow: Intentions, Measures, and Impacts
Tomorrow, former U.S. President Trump plans to make a statement regarding multinational trade issues, based on his 'America First' ideology, with both political and economic considerations behind it.
Policy Intentions:
Politically, Trump aims to strengthen the 'America First' image through trade policy, seeking support from dissatisfied voters due to industrial decline, and accumulating capital for future political activities. Economically, he believes that U.S. trade is unfair, with certain countries having advantages that lead to an expanded trade deficit, and seeks to adjust trade relations through new policies, protect domestic industries, and promote the return of manufacturing.
Potential Measures:
On one hand, he may further increase tariffs on goods that have already been taxed. During his first term, Trump initiated multiple rounds of trade wars, imposing tariffs on various products from China, Europe, Canada, and others; this time, he may expand the scope and raise rates. On the other hand, new restrictive measures may be introduced, such as strengthening technical reviews of imported goods, establishing strict rules of origin, and potentially threatening to withdraw from or renegotiate existing trade agreements to pressure other countries to concede.
Global Impact:
For the targeted countries, trade uncertainty will increase. Tariffs and restrictions will raise export costs and weaken competitiveness, impacting industrial employment and economic growth, but may also drive industrial upgrades and trade diversification. Global supply chains may be readjusted as companies seek to avoid risks, leading to disruptions and restructuring, increasing operational costs and risks.
For the U.S., in the short term, it may protect certain industries, but in the long term, it will lead to higher prices for consumers, reducing purchasing power; retaliatory measures from other countries could harm U.S. export industries; trade tensions may also trigger financial market volatility, affecting capital flows.
Trump's actions have significant implications, and countries need to closely monitor and strengthen coordination to jointly address the challenges of trade protectionism and maintain global trade stability.
The above is a personal opinion for reference only.
$BTC
