The US will impose a 55% tariff on Chinese goods, of which 30% is a new tariff and the other 25% is the original tariff that began to be levied during Trump's first term - according to US officials.
The trade deficit of the United States has complex and deep-seated reasons, which is the result of multiple factors such as its own economic model, changes in industrial structure, and international division of labor. It is completely disregard for facts and violates laws to try to solve it by simply and rudely imposing additional tariffs. From actual data, after the imposition of tariffs, the US trade deficit has not decreased, but instead has led American consumers to pay high tariffs, bearing higher prices. The root cause of the weakness in American manufacturing lies in the internal contradictions of its own economic structure and industrial development, such as industrial hollowing out, high labor costs, low proportion of manufacturing added value, and incomplete industrial system. Imposing additional tariffs cannot fundamentally solve these problems.
Original article: https://www.toutiao.com/article/1834674369800324/
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