As the U.S. election gets closer and closer, the key members of the Biden administration are becoming more and more crazy.
What did Raimondo say again? Why is the United States in such a hurry to wage an economic and financial war? Is it because of political correctness? Or is it still a dollar crisis? Will the renminbi face a final battle? Let's string together the logic of this today.
Raimondo has become the anti-China vanguard of the Biden administration, and it is no wonder that she was personally promoted by Biden from the position of governor of Rhode Island, and this kindness must be reciprocated.
Rhode Island is the smallest state in the United States, with a population of just over 1 million and a GDP of just over $50 billion.
In addition, the reality of American politics is so cruel that if Biden loses the election in November, Raimondo will have to go home and pick up her children.
Someone said a joke, it seems that Raimondo came to China last year, and the endorsement fee was not paid, and he hated our family.
Of course, this is just a joke, and Raimondo's eagerness to oppose China reflects in a concentrated way the real attitude and actions of the United States toward China today, so that we can clearly see why and what the Americans want to do, which is of great practical significance.
What thunder language has Raimondo spoken lately? We have collected and sorted it out, let's take a look.
On May 8, local time, when attending a hearing of the Appropriations Committee of the House of Representatives of the United States Congress, Raimondo spoke harshly.
Let's summarize that Raimondo talked about 4 main things in the House of Representatives.
The first thing is that national security takes precedence over commercial interests, and U.S. semiconductor companies cannot sell chips to China. This deprives them of income, but above all national security.
Previously, it was reported that the U.S. Department of Commerce has withdrawn Intel and Qualcomm's licenses to sell chips to Huawei.
Raimondo is to start first, then report to the House of Representatives, and then quietly return the license to Qualcomm and Intel, very shrewd, this is American politics, there are pitfalls everywhere.
The second thing is that the Biden administration is very concerned that China may harm the interests of American manufacturers by dumping cheap products such as electric vehicles, traditional chips and critical minerals, and is currently taking steps.
Third, the Biden administration could take extreme measures to ban Chinese connected cars from entering the United States.
Fourth, it is expected that the formulation of rules for the imposition of restrictions on outbound investment in China will be completed by the end of 2024.
You see, just this hearing, Raimondo almost reported to the congressmen all the bad things that the Biden administration is doing and is preparing to do, and she is very appetizing to the congressmen.
By the way, the House of Representatives is controlled by the Republicans, and this appropriations committee is the gun in the hands of the Republicans.
Raimondo is the softest persimmon in the Biden administration, and the frequent stubble of the House of Representatives is actually the Republican Party's deliberate attempt to trouble the Biden administration and interfere with the election.
What they didn't expect was that although Raimondo had just entered the officialdom in Washington, she was very smart and up-to-date, and as soon as she entered the House of Representatives, she frequently spoke harshly and never left a handle.
Some experts believe that the United States is in such a hurry, on the one hand, because this year is an election year, and the Biden administration is eager to take advantage of the convenience of being in power to play all the cards and make as much political capital as possible to win votes.
However, some economists believe that the United States has made major strategic mistakes in recent years, and it is too late to make amends.
American economist Stiglitz, winner of the 2001 Nobel Prize in Economics, believes that the US policy toward China is too short-sighted and ignores long-term strategic planning, which is the root cause of the current tensions.
Stiglitz pointed out that the root of the problem is that the United States never expected a competitor like China, so it is not China that has a trade violation, but the United States has made a strategic mistake.
For example, he said, more than a decade ago, China's top leaders had set ambitious development goals for electric vehicles, but the United States did nothing.
This view directly points to the root cause of the economic friction between China and the United States, and it is not that China is at fault, let alone undermining the so-called rules-based international order, but that these are all excuses, and the root cause is that the United States has made a mistake and is only now rushing to remedy it.
However, some experts believe that the root cause of the economic friction between China and the United States is actually the battle for global asset pricing power.
Therefore, some people in the United States believe that as long as they win the financial war, eliminate the influence of the renminbi on global manufacturing pricing, and regain control of pricing power, the United States will win everything again.
This also makes sense, the competition in the manufacturing industry such as chips and automobiles that Raimondo talked about is essentially that China has some pricing power and begins to occupy a certain advantage in the market, which makes Americans feel threatened.
Whatever the reason, time is clearly running out for today's America.
Therefore, some people in the United States launched a trade war, and the other part launched a financial war, each more ruthless than the other.
In this way, as the US dollar interest rate hike is coming to an end, the RMB will usher in the last battle, which is the most important thing?
What do you think? Everyone is welcome to leave a message in the comment area to discuss.