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    An example of the United States breaking international rules

    An example of the United States breaking international rules

    Huawei and HSBC reached an agreement on the disclosure of documents in the Meng Wanzhou case, and Huawei responded.

    Huawei and HSBC reached an agreement on the disclosure of documents in the Meng Wanzhou case, and Huawei responded.

    Facebook blocked the Russian media program to commemorate the 60th anniversary of Gagarin's space flight, and the Russian government protested.

    Facebook blocked the Russian media program to commemorate the 60th anniversary of Gagarin’s space flight, and the Russian government protested.

    "Artificial Sun" nuclear safety parts completed and will be shipped to France for commissioning.

    “Artificial Sun” nuclear safety parts completed and will be shipped to France for commissioning.

    U.S. Mars helicopter postponed its first flight due to potential technical problems

    So short of staff? U.S. government mobilizes NASA employees to help care for migrant children

    Facebook responded to the leak of more than 500 million users' information: hackers caught it in 2019

    Facebook responded to the leak of more than 500 million users’ information: hackers caught it in 2019

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    • Google
    • Apple
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    The Spanish government has issued a statement saying it does not support the hosting of the European Football Super League

    The Spanish government has issued a statement saying it does not support the hosting of the European Football Super League

    Tottenham: Sack manager Jose Mourinho

    Tottenham: Sack manager Jose Mourinho

    Israel and Greece sign historic defense contract: deepening defense, economic and political ties

    Israel and Greece sign historic defense contract: deepening defense, economic and political ties

    There has been a sudden upheaval in European football! The Head of State of England and France made an urgent statement

    There has been a sudden upheaval in European football! The Head of State of England and France made an urgent statement

    Qatar plans to vaccinate all visitors to the 2022 World Cup

    Qatar plans to vaccinate all visitors to the 2022 World Cup

    An example of the United States breaking international rules

    An example of the United States breaking international rules

    Just half a month after joining, tennis star Aldridge announced his retirement due to a heart rhythm

    Just half a month after joining, tennis star Aldridge announced his retirement due to a heart rhythm

    Matsuyama City, Japan, cancels the Olympic torch relay after a number of coronavirus clusters

    Matsuyama City, Japan, cancels the Olympic torch relay after a number of coronavirus clusters

    More than 70% of Japanese people hope that the Tokyo Olympic Games will be cancelled or postponed again.

    More than 70% of Japanese people hope that the Tokyo Olympic Games will be cancelled or postponed again.

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    India’s crematoriums run day and night, and metal parts melt!

    India’s crematoriums run day and night, and metal parts melt!

    Migrant workers' groups in The Indian state of Punjab have held a two-day rally, drawing concerns from health officials

    Migrant workers’ groups in The Indian state of Punjab have held a two-day rally, drawing concerns from health officials

    Greece will exempt multinational travelers from segregation When will people be able to travel freely?

    Greece will exempt multinational travelers from segregation When will people be able to travel freely?

    An outbreak of collective infection in Japan's Ministry of Health and Labour has ignored the pandemic prevention requirements for late-night dinners

    An outbreak of collective infection in Japan’s Ministry of Health and Labour has ignored the pandemic prevention requirements for late-night dinners

    The Government of Bangladesh has decided to continue to suspend all international flights

    The Government of Bangladesh has decided to continue to suspend all international flights

    Crematoriums incinerate far more bodies than official death figures! India's coronavirus pandemic figures are being questioned

    Crematoriums incinerate far more bodies than official death figures! India’s coronavirus pandemic figures are being questioned

    The outbreak is easing Portugal's restaurant industry ushers in the day of unsealing

    The outbreak is easing Portugal’s restaurant industry ushers in the day of unsealing

    Italian experts question reopening: outbreak will rebound and should remain closed

    Italian experts question reopening: outbreak will rebound and should remain closed

    Japan's Olympic response to the "cancellation of the Tokyo Olympics is an option" is reasonable

    Japan’s Olympic response to the “cancellation of the Tokyo Olympics is an option” is reasonable

    The worsening of the "school outbreak" in The State of Gilantan, Malaysia, has associated with 464 confirmed cases

    The worsening of the “school outbreak” in The State of Gilantan, Malaysia, has associated with 464 confirmed cases

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      An example of the United States breaking international rules

      An example of the United States breaking international rules

      Huawei and HSBC reached an agreement on the disclosure of documents in the Meng Wanzhou case, and Huawei responded.

      Huawei and HSBC reached an agreement on the disclosure of documents in the Meng Wanzhou case, and Huawei responded.

      Facebook blocked the Russian media program to commemorate the 60th anniversary of Gagarin's space flight, and the Russian government protested.

      Facebook blocked the Russian media program to commemorate the 60th anniversary of Gagarin’s space flight, and the Russian government protested.

      "Artificial Sun" nuclear safety parts completed and will be shipped to France for commissioning.

      “Artificial Sun” nuclear safety parts completed and will be shipped to France for commissioning.

      U.S. Mars helicopter postponed its first flight due to potential technical problems

      So short of staff? U.S. government mobilizes NASA employees to help care for migrant children

      Facebook responded to the leak of more than 500 million users' information: hackers caught it in 2019

      Facebook responded to the leak of more than 500 million users’ information: hackers caught it in 2019

      Trending Tags

      • Google
      • Apple
      • Microsoft
      • Xbox
      • Huawei
      • Science & Technology
    • Entertainment
      • All
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      • Movie
      • Music
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      The Spanish government has issued a statement saying it does not support the hosting of the European Football Super League

      The Spanish government has issued a statement saying it does not support the hosting of the European Football Super League

      Tottenham: Sack manager Jose Mourinho

      Tottenham: Sack manager Jose Mourinho

      Israel and Greece sign historic defense contract: deepening defense, economic and political ties

      Israel and Greece sign historic defense contract: deepening defense, economic and political ties

      There has been a sudden upheaval in European football! The Head of State of England and France made an urgent statement

      There has been a sudden upheaval in European football! The Head of State of England and France made an urgent statement

      Qatar plans to vaccinate all visitors to the 2022 World Cup

      Qatar plans to vaccinate all visitors to the 2022 World Cup

      An example of the United States breaking international rules

      An example of the United States breaking international rules

      Just half a month after joining, tennis star Aldridge announced his retirement due to a heart rhythm

      Just half a month after joining, tennis star Aldridge announced his retirement due to a heart rhythm

      Matsuyama City, Japan, cancels the Olympic torch relay after a number of coronavirus clusters

      Matsuyama City, Japan, cancels the Olympic torch relay after a number of coronavirus clusters

      More than 70% of Japanese people hope that the Tokyo Olympic Games will be cancelled or postponed again.

      More than 70% of Japanese people hope that the Tokyo Olympic Games will be cancelled or postponed again.

    • Lifestyle
      • All
      • Fashion
      • food
      • Health
      • Travel
      India’s crematoriums run day and night, and metal parts melt!

      India’s crematoriums run day and night, and metal parts melt!

      Migrant workers' groups in The Indian state of Punjab have held a two-day rally, drawing concerns from health officials

      Migrant workers’ groups in The Indian state of Punjab have held a two-day rally, drawing concerns from health officials

      Greece will exempt multinational travelers from segregation When will people be able to travel freely?

      Greece will exempt multinational travelers from segregation When will people be able to travel freely?

      An outbreak of collective infection in Japan's Ministry of Health and Labour has ignored the pandemic prevention requirements for late-night dinners

      An outbreak of collective infection in Japan’s Ministry of Health and Labour has ignored the pandemic prevention requirements for late-night dinners

      The Government of Bangladesh has decided to continue to suspend all international flights

      The Government of Bangladesh has decided to continue to suspend all international flights

      Crematoriums incinerate far more bodies than official death figures! India's coronavirus pandemic figures are being questioned

      Crematoriums incinerate far more bodies than official death figures! India’s coronavirus pandemic figures are being questioned

      The outbreak is easing Portugal's restaurant industry ushers in the day of unsealing

      The outbreak is easing Portugal’s restaurant industry ushers in the day of unsealing

      Italian experts question reopening: outbreak will rebound and should remain closed

      Italian experts question reopening: outbreak will rebound and should remain closed

      Japan's Olympic response to the "cancellation of the Tokyo Olympics is an option" is reasonable

      Japan’s Olympic response to the “cancellation of the Tokyo Olympics is an option” is reasonable

      The worsening of the "school outbreak" in The State of Gilantan, Malaysia, has associated with 464 confirmed cases

      The worsening of the “school outbreak” in The State of Gilantan, Malaysia, has associated with 464 confirmed cases

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      Job back? US media: The downward trend in US manufacturing under Trump has not reversed

      October 27, 2020
      in Business
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      Job back? US media: The downward trend in US manufacturing under Trump has not reversed
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      The Wall Street Journal reported on the 25th that although the Trump administration imposed tariffs on hundreds of billions of dollars (approximately 370 billion U.S. dollars) of Chinese goods in an attempt to rebuild the U.S. manufacturing base, economic data showed that the U.S. The trade war in China has not reversed the current situation of the decline in US manufacturing. The overall US trade deficit has hit a record high, and jobs have not yet returned to the US.

      According to reports, the overall US trade imbalance is greater than before and continues to rise. It has soared to 84 billion US dollars in August, a record high. Part of the reason is that American importers have turned to cheaper sources of goods, such as Vietnam and Mexico.

      The article stated that during the epidemic, the trade deficit between the United States and China increased and returned to the level when Trump took office. Another goal of the Trump administration has not been achieved, namely, the return of US manufacturing. Employment growth in the US manufacturing industry started to slow in July 2018, and manufacturing output peaked in December 2018. According to this article, the US tariffs on China are counterproductive.

      US Trade Representative Robert Lighthizer declared in an interview that tariffs are “playing the role of bringing manufacturing jobs back to the United States”. The statistics he cited show that from November 2016 to March 2020, the US manufacturing industry added 400,000 jobs, and in March 2020, the new crown epidemic forced a large number of factories to close.

      However, about 75% of the manufacturing employment growth occurred before the first round of additional tariffs imposed on China by the United States in July 2018, when the annual growth rate of manufacturing employment peaked and then began to decline. By early 2020, even before the outbreak of the new crown epidemic in the United States, employment growth in the manufacturing industry had stagnated. In the six months ending in March, four of the six months to March were layoffs in US factories.

      The US Federal Reserve’s analysis of various industries shows that in the industries that trade with China, tariffs have indeed helped promote employment by 0.3%, because tariffs have protected some domestic industries in the United States from cheaper Chinese imports.

      But when the cost of importing parts and components from China increased, these increases were offset, which resulted in a 1.1% decrease in US manufacturing employment. The analysis found that China’s retaliatory tariffs imposed on U.S. exports have reduced U.S. factory jobs by 0.7%.

      The article stated that Trump’s substantial increase in tariffs on Chinese goods represents a major turning point in the history of the world economy after World War II. Since World War II, the United States has led rounds of global trade negotiations aimed at reducing tariffs.

      Chad Bown, a trade expert at the Peterson Institute for International Economics, said: “Since the Smoot-Hawley tariff during the Great Depression, this is the most tariff method used by the United States. The economic impact will take several years to become apparent.”

      It is reported that the Smoot-Hawley Tariff Act in 1930 raised tariffs on more than 20,000 American imports to the highest level in history. After the passage of the bill, many countries imposed retaliatory tariffs on the United States, causing the United States’ imports and exports to plummet by more than 50%.

      Some economists believe that the bill was a catalyst that led to a rapid decline in the scale of trade between the United States and Europe from a historical high in 1929 to a historical low in 1932-this recession was accompanied by the beginning of the Great Depression.

      Tags: ChinaDonald TrumpUnited States

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