Global EditionASIA 中文双语Français
Opinion
Home / Opinion / Forum Trends

How foreigners view US-initiated trade war

chinadaily.com.cn | Updated: 2018-07-20 14:30
Share
Share - WeChat

pnp(Expat in China)

Trump does not understand economics, does not understand that a trade deficit is not a loss to the US; many Americans benefit from cheaper goods from China and other countries.

Worse still, he is living in the past; he doesn't understand that today's manufacturing is dependent on the global supply chain where the components of a product come from many countries, not just from China. China's contribution to making Apple's iphone is but a small portion of the overall input, the rest comes from US, S Korea etc. Trump takes the final value of the Apple iphone into calculating the trade deficit, when a better and fairer approach would be the exclude the cost input of the other countries; then the trade deficit with China figure would be much less, and more manageable. In trying to protect the jobs of a few thousand supporters he is prepared to raise the cost of products that affect all Americans, particularly the poorer ones who need cheap products, and even plunge the world into a needless trade war in which there is no winner! That is the price Americans pay when they put this clown in the White House!

An employee arranges clothing at a Walmart Inc store in Secaucus, New Jersey. Walmart is expected to be hit if a trade war starts. [Photo provided to China Daily]
|<< Previous 1 2 3 4 5 6 Next   >>|
Most Viewed in 24 Hours
China Views
Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US