On January 20th local time, Trump was officially sworn in as the 47th President of the United States, beginning his second presidential term.
On his first day on stage, Trump's pen seemed to never stop, as he quickly signed a series of executive orders covering multiple fields such as the economy, immigration, and diplomacy. How to develop Sino US trade has become a focus of attention for us and the world.
There has always been a trade war and economic and trade cooperation between China and the United States. It can be said that it has always been a coexistence of confrontation and cooperation. China and the United States, these two world powers, have a significant impact on the world with their every move. Will Trump impose tariffs on Chinese goods? First, let me give you my answer: no.
US President Trump announced on the 20th that he is considering imposing tariffs on Mexico and Canada, and may impose a 25% tariff on all goods imported from Mexico and Canada starting from February 1st. Mexico and Canada are the most important trading partners of the United States, and imposing tariffs could trigger a trade war between the two countries and the United States, undermine the 2020 US Mexico Canada Agreement, and bring cost pressures to American consumers.
In recent years, China's exports to Mexico have continued to grow, with some products flowing to the United States. Is this a curve confrontation policy of the United States towards China? There must be considerations in this regard.
According to reports, Trump stated that he will visit China within 100 days of taking office. This statement shows that the Trump administration has expressed goodwill towards China, hoping to engage in more trade and other areas of cooperation and reduce confrontation. After all, cooperation is beneficial for both parties.
Trump's inauguration may open up a new chapter in China US cooperation, taking it to a new level and making China's foreign trade more prosperous.