Can't take it, the US is holding on

The current situation in the US is not optimistic. All goods have increased in price, with an increase of $1 to $8, and this is just for daily necessities. If it's high-end appliances, the price increase is even higher.

At the same time, American companies have also suffered heavy losses, especially the car manufacturers, including Ford, General Motors, etc. If the tariff policy is not adjusted, it will lead to a profit loss of $7 billion in the US automotive industry in 205.

On August 7th, the US tariff policy was officially implemented, imposing equivalent tariffs of 10% to 50% on global trade partners. In the short term, it has brought considerable tariff revenue to the US.

As Trump himself said, hundreds of millions of dollars flow in every day.

But in fact, it has caused great impact on American companies, and the public have had to pay higher living costs. They have had to reduce their consumption to maintain their current life and work.

After all, 90% of the cost of the tariffs is transferred to the US importers and American consumers. The US government ignores this, using the policy to gain considerable income, thus alleviating the $3.7 trillion debt crisis.

It's not only the car industry that is affected, but also the high-tech enterprises in the US. Moreover, due to some restrictions in the US, their exports are controlled. It can be imagined that the products they spend a lot of money and time developing cannot be exported to overseas normally, which will have a significant impact on their development.

Therefore, American companies and the public are calling on the government to quickly reach a lower tariff agreement with other countries, otherwise the economy will suffer a major blow in the second half of the year.

Currently, it seems that the US government has also realized the crisis, but they are still holding on, waiting for other countries to compromise first.

Original: www.toutiao.com/article/1839930437580800/

Statement: This article represents the views of the author.