Canadian Chinese Senators: The United States Provoked A "Tariff War" Is Ineffective.

A trade war launched by the United States against China. Canada Hu Yuanbao, a federal Chinese senator, said recently that U.S.A It is wrong to regard China's rise as a "global anxiety". The United States provoked "tariff war" is ineffective.

Hu Yuan Bao, leader of the independent Senate of the federal Senate of Canada, attended the 4 day in Vancouver. Canada The public education lecture sponsored by the 100 people society pointed out that with the rise of China's economy, global forces began to spanform. The rise of China has also brought about a new world order. China is not only increasing the total economic volume, but also making progress in its technological innovation. "Made in China" has also become a long-term threat of competition in the eyes of the United States.

He believes that from a higher level, global competition will be more strategic, not only by adjusting the relative price through taxation and tariff policies, but by developing technology on a larger scale and providing a large number of technology with the advantage of preemptive advantage.

Hu Yuanbao believes that China is part of the multipolar world and part of the emerging global order. It is wrong for the United States to view China's rise as "global anxiety". The United States provoked a "tariff war" which is "ineffective" because the price rise and unemployment caused by high tariffs will bring negative effects to the United States, and these tariff measures will not reduce the US. trade deficit 。

In Hu Yuanbao's view, the fundamental problem of the US fiscal deficit lies in the imbalance of savings investment, which will continue to grow under the Trump tax plan. Without cutting down the corresponding government expenditure, the sharp fall in the tax rate of individuals and companies will lead to bigger budget deficits and national debts.

The organizer of the public lecture, the Canadian 100 people association, is a think-tank based on the Chinese community, which aims to promote the comprehensive ability of Chinese political participation, and at the same time unite other ethnic groups to promote the equality, health and sustainable development of Canadian society.