#拜登考虑对华加征关税? China responded #
U.S. stock market plunges Biden threatens to raise taxes on China
The U.S. stock market tumbled, largely due to a 7.5 percent year-on-year increase in the U.S. consumer price index in January, beating expectations of 7.3 percent, and the figure was above 5 percent for the ninth consecutive month. At the same time, this figure set a record high in 40 years. It shows that the inflation expectations in the United States are very high, and the traditional method is that the United States will quickly raise interest rates, but the interest rate hike will affect the recovery of the United States economy.
At this time, the Biden administration suddenly threatened to increase punitive tariffs on Chinese goods, which was incomprehensible. The United States has added a 25 percent punitive tariff to $300 billion of Chinese goods, and the U.S. trade deficit has not been effectively resolved for several years. The U.S. trade deficit in goods and services was a record $859.1 billion in 2021. Among them, the deficit in trade in goods to China was US$355.3 billion. It proves that increasing tariffs on Chinese goods does not affect the strong determination of Americans to purchase Chinese goods, and Chinese goods have a strong irreplaceability. Tariffs can only raise the retail price of goods and stimulate inflation in the United States. Biden said such a thing at this time in order to raise the price of Sino-US trade negotiations, not a way to solve the Problems of the United States itself, a means of negotiation.
What you can see in the U.S. in the coming months: U.S. interest rate hikes, everything else is nonsense, and that's why U.S. stocks are selling stocks!
