Canadian Chinese senators: the United States provoked a tariff war is ineffective.

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 Canadian Chinese senators: the United States provoked a tariff war is ineffective.


Mr. Hu, the leader of the Canadian federal Senate Independent Party group, attended a public education lecture hosted by the hundred people of Canada in Vancouver on 4 days. With the rise of Chinas economy, the global force began to transform. The rise of China has also brought 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, at a higher level, global competition will be more strategic, not only through the adjustment of relative prices through tax and tariff policies, but on a larger scale of technological development and a large number of predominance technologies.

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 Chinas rise as global anxiety. The U. S. tariff war is a invalid, because the price rise and unemployment caused by high tariffs will have a negative impact on the United States, and these tariff measures will not reduce the US trade deficit. According to Hu Yuanbao, the fundamental problem with the U.S. fiscal deficit is the imbalance in savings and investment, which will only continue to grow under the Trump tax plan. Without cuts in government spending, a sharp fall in individual and corporate tax rates would lead to bigger budget deficits and national debt. The sponsor of the public lecture, the hundred people of Canada, is a Chinese - American community, which aims to promote the comprehensive ability of Chinese political participation and other ethnic groups to promote equality, health and sustainable development in Canadian society. Source: China News Network Author: Yu re Dong edited editor: He Yufang _NN5632

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 Chinas rise as global anxiety. The U. S. tariff war is a invalid, because the price rise and unemployment caused by high tariffs will have a negative impact on the United States, and these tariff measures will not reduce the US trade deficit.

According to Hu Yuanbao, the fundamental problem with the U.S. fiscal deficit is the imbalance in savings and investment, which will only continue to grow under the Trump tax plan. Without cuts in government spending, a sharp fall in individual and corporate tax rates would lead to bigger budget deficits and national debt.

The sponsor of the public lecture, the hundred people of Canada, is a Chinese - American community, which aims to promote the comprehensive ability of Chinese political participation and other ethnic groups to promote equality, health and sustainable development in Canadian society.