Global Times reports that the trade war will not harm the United States and China has assumed all tariffs - the rhetoric of American officials has been increasingly refuted in the United States.
In an interview with Fox News on September 9, U.S. Treasury Secretary Numchin said that the trade war between the United States and China and Europe had lasted for more than a year. Looking at the world, there is no doubt that there are signs of considerable slowdown in the economies of Europe and China, but the United States is still a bright spot in economic growth. We have not seen the trade war. Any impact on the U.S. economy. Recently, American media and economists worried that the trade war would lead to a recession in the US economy. Mnuchin said, I cant see a recession in any way.
Navaro, director of the White House National Trade Commission, said on the 8th that China had borne the full burden of the U.S. tariff increase. The New York Times said Wednesday that Mnuchins comments coincide with Trumps, but contradict a large number of increasingly pessimistic economic data and industry surveys. According to the official employment data released on Friday by the US, employers in major industries have slowed down the pace of hiring, which economists believe is another sign that the US economy is cooling, AFP said Wednesday.
The New York Times quoted a tweet by Shebson, chief economist of Pansyan Macroeconomic Consulting Company, on September 9, saying that Mnuchin dishonestly described the impact of tariffs on the United States. It can be said that either he was foolish or he lacked independence because of his passion for power, and I think both.
Source: Global Network Responsible Editor: Chengyu_NBJ11143