The U.S. corporate tax will be adjusted from 35% to 20%. This approach will have an impact on countries around the world. The impact on different countries will naturally be different. After the U.S. tax cut, compared with In other countries, the United States will have a huge advantage and will attract companies from all over the world to enter the United States, which will make other countries less and less competitive.

Compared with some countries, the cost of electricity and natural gas in the United States is more than twice that of the United States. Due to the country’s direct pricing of electricity and natural gas, the prices of electricity, gas and oil for enterprises are high. No less. Calculated based on the domestic electricity consumption of 450 kilowatt-hours per ton and the electricity price of 0.76 yuan/kilowatt-hour, the unit production cost is 342 yuan, equivalent to 55.16 US dollars. The degree of automation of equipment in the United States is relatively high, and the unit electricity consumption increases by 10% accordingly, to 500 kilowatt-hours per ton. According to the electricity price Calculated at US$0.05/degree, the unit production cost is US$25, which is 1.2 times higher in China than in the United States. This means that more companies are willing to go to the United States and the cost is lower.

The cost of land in many countries is higher than that in the United States, and the United States has permanent property rights, but many countries also have time limits, which is even more uncomfortable compared with the United States. If the United States lowers its corporate tax, Naturally, it will benefit greatly from the competitiveness of the United States, but it will also create some problems.

The impact of U.S. tax cuts on Europe and Japan may be quite small, because they are mainly high-end manufacturing industries with strong innovation capabilities and strong profitability. They also need talents from their respective countries, so they will not do it for the sake of tax cuts. Relocating due to tax cuts is uncomfortable for some low-end manufacturing countries. The low-end mentioned here refers to those who are purely engaged in processing and manufacturing rather than innovation. Tax cuts have a huge attraction for them. After companies relocate, a large number of employees will become unemployed. .

The tax cuts in the United States are naturally based on the interests of the United States. They will only benefit their own country and not the development of other countries.