"The U.S. economy is unprecedentedly prosperous. In the past nearly two years, the government I have led has achieved more than any other government in our country." Former U.S. President Trump once commented on the The Sino-US trade war and the signing of a trade agreement with China have had a positive impact on the United States. But is this really the case?

Previously, after Trump signed the Sino-US trade agreement with Chinese representatives, he increased tariffs on China. Subsequently, China also increased import tariffs to protect the interests of national enterprises. After Biden took office, everyone actually thought that Sino-US relations would improve. However, he did not reduce tariffs on China. Instead, he made things more difficult for China on Taiwan, Hong Kong and human rights issues. In order to protect its own interests, China also made responded accordingly.

It can be said that the current conflicts between China and the United States have not been resolved at all. On the contrary, there is still the possibility of intensification. However, although the two sides still cannot reach a peaceful consensus, Sino-US trade The cooperation has never stopped.

Under such an obvious tit-for-tat situation, the trade between China and the United States has not been affected in any way. On the contrary, it has continued to develop towards a prosperous trend. According to relevant data, in the 18 months since the signing of the trade agreement between China and the United States, the economic and trade between the two sides has increased instead of decreasing. Especially after being hit by the epidemic, the economic and trade exchanges between the two countries have shown the fastest growth in history. speed.

In 2020, China suspended agricultural product cooperation with Australia, and then our country set its sights on other countries, and the United States is one of our cooperation partners. At present, our country has purchased millions of tons of agricultural products from the United States, which not only meets our country's demand for agricultural products, but also greatly increases trade between the two countries.

The United States’ imports of goods from China have also reached a record high. The lowest data was in February 2020. China was severely affected by the epidemic and was unable to export products on a large scale. However, the monthly trade volume at that time was also 19 billion. After the epidemic was basically brought under control, the trade volume increased again. Such large trade exchanges have also led to serious port backlogs in the United States and a shortage of truck transportation.

According to data released by the Port of Los Angeles, the largest port in the United States, nearly half of the cargo handled at the port every day comes from China. And after entering May, various colleges and universities begin to prepare for the start of school and Halloween. , Christmas and other holidays to prepare goods, the volume of inbound goods has reached a record high.

The person in charge of the port said that according to this trend, in the second half of this year, when the holiday officially arrives, the data will continue to rise, and now it has become a problem that the goods arriving at the port cannot be delivered to retailers in time. One of the biggest problems, they have currently dispatched additional vehicles to work on solving this problem.

This series of prosperity scenes makes people wonder, where have the increased tariffs gone after the signing of the Sino-US trade agreement? Why does it not affect Sino-US trade?

Faced with these questions, the person in charge of the National Retail Association said that in order to ensure their own interests, American retailers have decided to make small profits but quick turnover. The price of goods will be slightly increased within the range acceptable to customers. You can absorb these taxes, and although you will earn less, you can maintain a normal life.

Nowadays, the United States has successfully increased tariffs on China and also increased its pressure on China. Logically speaking, it should have achieved the original goal of signing the agreement, but has the result achieved what the U.S. government wanted? ? The remarks of an American expert directly pointed out the current crisis in the United States.

U.S. Trade Representative Dai Qi insisted that Sino-U.S. trade relations are "unbalanced," and U.S. Treasury Secretary Yellen was also dissatisfied. She believed that the trade agreement signed by Trump and China did not solve the fundamental problem. Subsequently, She pointed out that President Biden should put measures to cancel the trade war on the agenda, otherwise the losses suffered by the United States will be immeasurable.

Indeed, the United States signed the Sino-US trade agreement mainly to suppress China's economic development. At the same time, the United States also restricted the high-tech products that China wanted and sold some machines to China that could not meet our standards. my country refused to purchase them. To buy these machines is to buy agricultural products necessary for people's daily life. Our country refuses to purchase substandard goods and only purchases in areas where it needs it. This directly leads to the failure of the United States to achieve expected results.

Lardy, a senior researcher at the American Institute of International Economics, pointed out this imbalance in one word. He pointed out that what China needs to buy is for its own interests and is not as imagined by the United States. Generally, being forced to buy products recommended by the United States harms one's own interests.

American experts even pointed out that the reason why the United States has purchased a large number of products from China in recent months is mainly because it is worried that the government will adopt tougher and more hegemonic tariff measures in the second half of the year. Sanctioning many Chinese companies on human rights issues seems to be the beginning. Therefore, in order to ensure normal sales and profits in the second half of the year, they have to stockpile goods in advance.

Even some of the automobile industry’s basic parts come from China. In order to ensure that they are not affected by the government’s increased tariffs, more and more companies choose to move their production chains abroad.

Later, some experts said that this series of actions just proved that China can cooperate with other countries after leaving the U.S. market. However, due to the lack of basic production, the United States has to import most of its products from other countries. . As the country with the largest basic production, China is the United States' largest partner. Later, the expert pointed out clearly that the current situation is not that China cannot do without the United States, but that the United States cannot do without China.

According to relevant data, the trade surplus between China and the United States has reached 1.0694 billion yuan, which means that the trade suppression initiated by the United States has not only caused no losses to China, but also won huge profits from the United States. On the contrary, the economy of the United States has been greatly affected by this agreement. Everything that the United States is experiencing now seems to confirm the old saying-shooting a stone and hitting itself in the foot.

In order to counter the increase in tariffs by the United States, China added the increased tariffs to products sold to the United States. In the end, China only borne 6% of the additional tariffs, and the rest was consumed by the United States. The US economy has been seriously affected.

In order to solve this crisis, the U.S. government began to print money without restraint, which eventually led to serious inflation in the United States today. The domestic people cannot even maintain their basic survival needs, and the unemployed population is also rising. The burden on the national government has increased.

The United States is now facing the maturity of its national debt and cannot continue to increase revenue by issuing national debt. The balance of the U.S. Treasury Department can only last a few months. If the U.S. government cannot suspend or raise the debt ceiling, the domestic economy will There may be a complete collapse, the government will also be in a state of shutdown, and the international financial crisis will inevitably reappear.

Now the Biden administration has not been able to find a solution to the problem. According to relevant experts, the United States can only survive the crisis by suspending and raising the debt ceiling, and so far, the U.S. Congress has raised the debt 78 times. The government also intends to solve the problem through this method. However, if you want to raise the cap, you must vote, which means that Biden must promote cooperation between the Democratic Party and the Democratic Party and the party. This is another problem that Biden currently faces.

Of course, the United States currently does not put all its hopes in raising the debt ceiling. The United States is looking for ways to transfer the debt crisis to China. In recent months, the United States has purchased some lower-priced daily consumer goods and high-tech electronic products from China on a large scale. In the first quarter of this year, China and the United States even reached a cooperation worth 1.08 trillion yuan. The series of results are all caused by the United States' intention to transfer inflationary pressure to China.

Nowadays, the U.S. government continues to print money, and a large amount of U.S. dollars enter the market. This not only causes the U.S. dollar to depreciate, but also causes the U.S. dollar's credibility to continue to decrease, which also affects the U.S. dollar's international status. At the same time, many countries, led by Russia, are now implementing "de-dollarization." Once the dollar successfully depreciates, the United States will suffer huge losses.

Of course, China is not completely unaware of the thoughts and intentions of the United States. Now our country has begun to take corresponding protective measures. I believe that even if the U.S. economic market collapses and affects international finance and trade, China will be able to Maintain your own interests for a while.

At present, apart from China, it is difficult for other countries to bear the economic crisis caused by the United States. However, a series of actions by the United States have created a situation where cooperation between China and the United States will be difficult to achieve in a short period of time. So can the Biden administration still find a way to solve this crisis?

After printing a large amount of money, the Biden administration increased the subsidies paid to unemployed people, and at the same time issued $1,000 relief payments to eligible Americans, but these people used the money, Adding to the U.S. stock market and real estate investment has caused U.S. housing prices to increase by nearly 20% in recent months, which is completely opposite to the actual national conditions of the United States.

Old American investment companies have warned that the Biden administration must find ways to solve this problem. If housing prices are allowed to rise, the crisis the United States will encounter will be more serious than the 2008 financial crisis.

Once house prices rise too much, the American people’s desire to consume will decrease. At this time, in order to stimulate consumption, the United States can only issue dollars again. This will form an endless cycle. The result will be that the United States will be unable to redeemable.

The problem of rising housing prices is also a small microcosm of the current economic difficulties in the United States. Previously, Biden directly introduced policies when this situation occurred in the United States and did not allow landlords to evict tenants who could not pay the rent at the end of June. . This policy made countless landlords very dissatisfied, which is enough to show that Biden now has no clue how to solve this economic problem. At this time, more and more voices are beginning to propose that the government cooperate with China.

On July 26, U.S. Deputy Secretary of State Sherman held talks with Chinese State Councilor and Foreign Minister Wang Yi and Vice Foreign Minister Xie Feng in Tianjin, which mainly revealed one meaning. It is hoped that relations with China can be eased and cooperation can be re-established in economic and trade. It is also hoped that China can help the United States tide over this crisis.

At present, China has not agreed to the request of the United States. If China wants to help the United States, the United States must adopt a certain attitude. China has also proposed two error correction lists, clearly stating that in recent years The United States' suppression of China has an obvious meaning. If the United States can correct these mistakes, China can consider re-cooperating with the United States.

However, in recent months, certain actions of the United States in the South China Sea seem to reveal that they are unwilling to correct their mistakes. Therefore, the possibility of resuming cooperation between China and the United States is slim. It is impossible for China to help the United States again after having already suffered a loss once.

When the economic crisis broke out in the United States in 2008, China purchased a large amount of U.S. treasury bonds, which ultimately caused a huge impact on itself. The United States did not even thank China for this, but later stepped up its efforts to suppress China. intensity. Therefore, no matter from which perspective, China will not help it survive this economic crisis. Because the United States has never been sincere.

In recent years, our country has followed Russia’s lead and begun to gradually “de-dollarize”. Although we still need to rely on the U.S. dollar in some parts, we believe that as long as we remain vigilant enough and observe U.S. trends , adjust monetary policy in a timely manner, and China will not be seriously affected by this economic crisis.

There is a Chinese proverb, "Stealing chickens will not result in losing rice." This sentence perfectly explains the psychology of the Biden administration. In order to develop the domestic economy and solve the domestic unemployment crisis, it prints money on a large scale and even proposes an infrastructure construction of up to 1 trillion US dollars in the face of domestic economic difficulties. project, thinking that this would restore the U.S. economy, but in the end it made the situation worse.

Of course, as the world's largest country, the United States cannot completely weather this crisis, but at the same time, we hope that this crisis can bring some lessons to the U.S. government and reconsider its cooperation with other countries. friendly cooperation. Otherwise, the hegemony of the US dollar will be shaken again.