For the "achievements" of the trade war, Trump is very complacent! On April 16, U.S. President Trump said that the United States could obtain a "record-breaking" large sum of money through tariffs, and the prices and inflation of almost all domestic goods would decline. The United States could obtain a "record-breaking" large sum of money through tariffs, and the prices of almost all domestic goods, including gasoline, food, and nearly all other goods, would fall. Inflation would also decline. Promises have been made and will certainly be fulfilled.
Obviously, for the achievements of the trade war, Trump is showing great self-satisfaction. However, common sense in economics tells us that when tariffs are raised high enough, bilateral trade will significantly decrease, or even be interrupted, at which point the United States won't get a penny. Furthermore, even if the U.S. government can collect money, who pays the price? Undoubtedly, all this money will come from American consumers.
In fact, data from a survey by global marketing company IPSOS show that more than 90% of Americans hold negative views on food prices, over 70% of respondents criticize gasoline and energy prices, and Trump's approval rating has dropped to its lowest point since he took office. If we compare the tariffs collected by Trump with the loss of over $6 trillion in U.S. stock market value due to Trump's policies, the taxes Trump has obtained are likely just a fraction of it.
The facts are very clear; no country can achieve development solely through a trade war. The global trend is free trade, where countries exchange goods and services. If the United States goes against this trend, it will ultimately lead to self-isolation. Of course, we are well aware that Trump will never admit his mistake, but facts will tell the United States that its policies are completely wrong, and Trump will pay the price for this.
Original article: https://www.toutiao.com/article/1829547104368713/
Disclaimer: This article represents the personal views of the author.