The United States seeks decoupling with China… You may pay a price ‘more than you can imagine’ – Trade News

2023-09-22 08:18:20

U.S. seeks decoupling with China…’beyond imaginationYou may pay the price of

In the current world of globalized capitalism, the United States competes at the risk of harm until one side wins. chicken gameI’m trying to do. however

These actions carry risks that could carry real risks not only to the world but also to the United States..

US President Joe Biden last year Where is the U.S. supply chain different?

We will make sure that it starts in the United States right away.He made remarks that reassured Americans..

President Biden’s Infrastructure Investment and Jobs Act, Semiconductor and Science Act, Inflation Reduction Act(IRA)promoting, Diversify the existing supply chain that was biased towards China while preventing the outflow of American technology.,

He emphasized the efforts made so far, such as attracting a semiconductor factory to the United States..

2week ago, U.S. Department of Labor

2022since 2032by year 10years 113,400Research shows that 100,000 manufacturing jobs will be lost

Announced.

this is 2031expected to be lost until 13only 9,100than a dog 2,5000dog

This is an improved figure., corona19 expected before the pandemic.

444,800Because it is a much greater improvement than that of dogs, it is an achievement that makes it possible for the U.S. administration to claim that it has done its job..

President Biden’s most important ideas that paralyzed the previous Democratic administration, in other words

It is understandable that they are so afraid of destroying the market mechanism that they are following a consistent attitude of inaction while ignoring inequalities and defects in the global economy.

It’s difficult.

However, in today’s world of globalized capitalism, playing a game of chicken carries real risks for the United States as well as the world.. It is also unclear how consistent the U.S. administration’s plan to reorganize the global economy is.. Additionally, the share of manufacturing jobs in the United States of all jobs is 6%to

only.

Federal Reserve economists say that almost all of the materials used in U.S. telecommunications equipment are 25%, USA

Among the materials used for computer equipment 20%from China or countries in the Asia-Pacific region closely linked to the Chinese economy.

It was assumed that it came in, aerospace, cars and trucks, The share of construction equipment is approximately 10%It stopped at.

It will become more difficult for other countries to escape China’s orbit.. China

Korea and the Philippines were wary and sympathized with America’s broad strategy., Countries such as Vietnam are also increasingly dependent on the Chinese economy.

Getting higher and higher.

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According to an analysis by the Peterson Institute: 2010since 2021In the past year, the share of Indonesian imports of Chinese goods has been 22%at 42%increased to. China’s share of Malaysia’s imports is the same

period 20%at 35%increased to, The proportion of Chinese imports in Korea is 28%at 36%It rapidly increased to.

international monetary fund(IMF) According to a recent study by economists, There are clear signs of fragmentation in global investment flows.. especially

In strategic sectors such as high technology, foreign investment is increasingly flowing between geopolitical allies and avoiding competitors..

While China’s share of investment decreased by the largest amount,, the whole of Asia

Its importance as a source and destination for foreign direct investment is decreasing..

Economists say competition between the U.S. and China is slowing down the global economy. GDPof

approximately 2% It will result in a decline, America has a little

It will only take a hit, but developing countries are expected to take a big hit.. Indonesia, India, Countries that do not belong to these two groups, such as Central and South American countries, GDPmaximum of 2.5%You can get hit up to.

Jobs Fuel America’s Efforts to Reshape the Global Economy, climate, china, Even if we acknowledge that interests in technology, etc. are mixed,

It is important to recognize that the Biden administration sees these goals as worth the price..

China’s upward trend has been shaken by the recent real estate slump and economic recession.. Nevertheless

However, China is the world’s second largest economy and, It is undeniable that it is a key driver of global prosperity.

It’s true.

Eduardo Porter

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