/ world today news/ US President Biden announced on Tuesday his intention to lift some of the trade sanctions against China, adding words about the possibility of removing the sanctions completely. Thus, the trade war started in 2018 by President Trump is coming to its logical end.
The inefficiency of the US economy caused a sharp rise in inflation, which reached 8.3% in April after 8.5% in March.
Since the imposition of additional tariffs on Chinese exports, American corporations have lost over $1.7 trillion dollars. Every American family spent more than $1,300 a year on basic necessities. These figures were cited in a speech by the Ambassador of the People’s Republic of China to the United States, Qing Gan.
Another diplomat, Chinese Foreign Ministry spokesman Zhao Lijian, said that during the three-year trade war, American exports to China were lower than in 2017. As a result, America lost 240,000 jobs.
The well-directed “shot in the foot” of the American initiators of the “Chinese sanctions” should cause reflection among the authors of the “Russian sanctions”. I wonder how many years it will take for them to start canceling them? How many hundreds of billions of dollars and euros will they lose?
Translation: SM
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