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China-America trade trends during Trump times

  • Author:Orient Honest
  • Source:www.china-disposable.com
  • Release on :2017-02-08
US President-elect Donald Trump was sworn in as the 45th President of the United States at the inauguration ceremony in Washington Capitol Hill, capital of the United States, at noon on January 20, local time. In his inaugural address, Trump reiterated his commitment to putting US interests first in the campaign, saying "all decisions on trade, taxation, immigration and foreign affairs will work to benefit US workers and families" , Stressed that "the purchase of American goods" and "employment of Americans" will be the ruling of the two criteria.

The Trump Times Challenge, Opportunity, and China Response, published by China and the Globalization Think Tank (CCG), recently pointed out that Trump's American priorityism is the only one in the international game. Even if it means making major changes to the past international economic system and military cooperation.

Once the "US priority policy" is implemented, China will face many challenges. Trump sees the rise of China as leading to a recession in the United States, where China has gained an unusual trade advantage through artificially low exchange rates. Trump said that to curb China's unfair trade practices, all Chinese imports of goods subject to 45% punitive tariffs to protect US workers. Trump is also prepared to implement a substantial reduction in corporate tax policy, the maximum federal corporate income tax rate from 35% to 15%, and US companies a one-time tax profits of 10% of foreign investment income for the economic difficulties of the state . The United States is a big investment in China, the US foreign investment will reduce the use of Chinese enterprises to bring challenges.

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