One of the main goals of Trump's Administration Administration's policies is to be less dependent on China, but policy implementation is not properly aligned with general goals and is too invalid. The trade war hurts everyone, but it is more painful in the US than other major economic players. The price of China-Refusal is higher than just inflation: US risk has lost control of the global financial system, ABN Amro's economist Rogier Quaedvlieg.
The financial risks in manufacturing chasing after manufacturing
“Trump and his counselors have a variety of times raising three bright goals of this trade war: Rreating manufacturing, raising income to reduce deficiency, and obtain a better (trade) deal. If the goal is to restore the US manufacturing through the tariff policy, you want
“Recent developments point toward growing evidence that major US trade partners, and especially China, have upper hand. Most recent changes to tariff policy are eliminating previously applied tariff that it hurts more than himself. ”
“Finally, as China controls the global manufacturing, the US controls the global financial system. In an effort to restore manufacturing, and reduces China's reliance, the US destroys its reputation and the risks of losing the dominance of the financial system, perhaps even in China. will take longer. ”
