President Trump still has many 'cards' in the trade war with China

 The escalation of trade tension between the US and China this month has made the markets and central banks of many countries around the world "rise up".

China does not want to trade war with the United States
China does not want to trade war with the United States
China does not want a trade war with the US, but will endeavor to defend its interests.


However, although US President Donald Trump has used his two major "weapons" by announcing the biggest tax plan for Chinese goods and officially "labeling" China as a currency manipulator, but this President's "arsenal" is still not up.
The dollar, the reserve currency of the world, is probably the biggest "bullet" that President Trump has. In a series of recent posts on personal Twitter pages, Mr. Trump called on the US Federal Reserve (Fed) to cut interest rates and weaken the dollar to support US exporters. The move goes against an agreement of the world's leading emerging economies and emerging economies (G20) that the US signed just a few weeks ago, whereby G20 economies agreed not to devalue the currency. to compete. However, it is unclear whether the Fed will lower interest rates or intervene in the currency market, but it may cause markets to be confused and cause more long-term consequences for the economy. sacrifice.YesMovies

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US President Donald Trump
Besides the dollar, President Trump can return to his favorite tool of tariffs by threatening to impose a 10% tax on 300 billion USD of Chinese goods from September 1. However, at a time when the US president is focusing on currency, the tax increase will weaken the yuan as it once happened, thereby "eroding" Trump's efforts in reduces the power of the dollar.
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In addition, President Trump's government may increase barriers to Chinese investment in the US or target its energy supply by withdrawing immunity to allow Beijing to continue. buy oil from Iran and Venezuela (Venezuela).
President Trump once said that easing restrictions on sales for China's telecommunications giant Huawei, which is part of a "truce" agreement he reached with Chinese President Xi Jinping in Japan in late June will still be conducted. But the White House is delaying licensing for US businesses to resume business with Huawei after China stopped importing US agricultural products. Many incumbent officials and former government officials have warned other export restrictions as well as policies aimed at China being "suspended" while President Trump pursues an agreement with Beijing. will be started.
The US Department of Commerce is also working out broader export restrictions for products from emerging industries such as robotics and artificial intelligence. Accordingly, businesses will have to obtain special permits to export these products to countries like China. The process of updating the list of controlled technologies is still ongoing and may last until the end of this year to be completed.
There are many bipartisan drafts in the US Congress that President Trump can support, as the recently drafted draft requires the Fed to control the dollar value to support exporters and levy taxes on capital. Foreign investment, as well as other drafts do not allow Chinese businesses to access the US stock market.https://solarmoviesc.to/

Recently, the White House Office of Management and Budget officially issued regulations prohibiting US federal contractors from buying equipment from five Chinese technology companies, including Huawei, ZTE, Hytera, Hangzhou Hikvision and Dahua. This provisional provision will take effect from August 13.