Trump Reinventing Trade Policy: Trade War Against China Will Harm Others And Not Benefit Themselves.

Trump actually doesn't need to take any measures to stifle TPP, because TPP is actually dead.

Because the leaders of both parties have said that TPP will certainly not get the approval of Congress when the newly elected members are not in office.

If Trump starts a trade war with China, the losers will include his most loyal supporters, namely, helping the American blue collar who won the election.

The article points out that Trump is facing pressure on China to take action against unfair trade practices as a key card in his campaign, but this means sacrificing some of his loyal supporters' practical interests.

A copy obtained according to CNN.

The memorandum drawn up by the power pition team shows that Trump will begin to reshape the US trade policy from the first day of his presidency.

This document outlines Trump's trade policy in his first 200 days as president of the United States, including renegotiating negotiations on the North American Free Trade Area or directly withdrawing from the North American Free Trade Area.

According to the above report, the 200 day plan mainly includes: renegotiate the North American Free Trade Area, or withdraw directly; stop the p Pacific Partnership Agreement (TPP); stop "unfair imports"; end "unfair trade practices"; and seek bilateral trade agreements.

The last part of the "retention and reintegration" industry focuses on reducing business tax rates, reducing business controls and limiting domestic energy.

"Trump's trade plan has broken the policy situation that was originally known by the Republican and democratic parties to support the forces of globalization."

The document says, "the Trump administration will subvert decades of moderate trade policy.

The new trade agreement negotiations will first protect the interests of American workers and companies. "

According to this memorandum, Trump will start reform of the North American Free Trade Area on the first day of his administration, including the command of the US Department of Commerce and the International Trade Commission to examine the possible consequences of the review of the exit treaty and what needs to be done in legislation.

He will also let the US

Tell Mexico and Canada that the United States intends to add some additional provisions to the treaty.

Trump will also introduce legislation on currency manipulation to examine whether there is "harmful" behavior in US trading partners, and will also order the Foreign Investment Commission to examine the reciprocity of international mergers and acquisitions (such as whether American companies can acquire Chinese companies like Chinese companies acquire US companies).

The article said that Trump had threatened to impose a 45% tariff on all Chinese imports, which would damage the blue collar of the United States, which would increase the price of almost all products sold by Wal-Mart Store Inc such as sneakers and microwave ovens.

In addition, there is no convincing evidence that retaliation is imposed.

The United States will recover jobs previously lost to China.

Technological advances have changed the employment situation, and automation has a greater threat to factory workers in the United States.

Besides, Trump's trade position with China may hurt his allies in Asia, Japan and Korea.

Citing the views of trade experts of Keio University in Japan, the article points out that for many countries in the world, China is now the largest trading partner.

If the US adopts a tit for tat trade protectionism against China, it will suppress the international trade atmosphere, which is not good news for any country.

The most affected countries and regions will be Japan, South Korea and so on.