onomist has revealed that the protective tariff system that the capitalist class implements in the name of the上海千花网
state and the nation is merely a means of artificially “creating factory owners, exploiting independent workers and capitalizing the production materials and living materials of the people”.In fa
ct, while trade protectionism harms the interests of other countries, it also harms the interests of US citizens. It is a redistribution of interests that benefits only a few large monopolies in the US上海千花网品茶微信.
Trade friction harms the interests of ordinary US consumers. A large part of China’s exports to the US are ordinary consumer goods, and the price elasticity of demand is small. Therefore, according to the tax-transfer
principle, when the US imposes tariffs on Chinese goods, most of them will eventually be passed on to US consumers. A study from Goldman Sachs, a famed investment bank, believes tha
上海千花网品茶微信t after the US government imposed tariffs on Chinese goods last year, Chinese exporters did not lower their prices “to compete in the US market”. Therefore, tariff costs were mainly pa
ssed on to US companies and households, resulting in a rise in consumer prices. It has pushed up the core inflation rate in the US.
• Can Sino-US trade friction hurt the Chinese economy?上海千花网品茶微信
The US has continuously escalated Sino-US trade friction and used trade bullying and various other m
easures against China, which will undoubtedly adversely affect the production and operation of Chinese enterprises and people’s consu
mption and expectations, and increase downward pressure on the economy. However, if we take a long-term, comprehensive and fundamental vie
to calmly and objectively examine it, rather than being caught in the short-term economic fluctuations or the consideration of gains and losses for the mom
ent, we can draw the conclusion that the impact will be generally controllable and positive. The good trend is unchanged, the comprehensive ad
antages are obvious, and the means of regulation are sufficient. There are more opportunities than challenges.