Politics
Trump wants to measure himself against figures like Xi Jinping
The new President of the United States, Donald Trump, wants to compete with Chinese President Xi Jinping, believes American expert Kenneth Manusama. Trump recently sent an invitation to Xi for his inauguration, as both leaders prepare for the trade war that will erupt due to Trump's protectionist policies. Trump is committed to maintaining an equal relationship.
Xi's presence at the ceremony would be unique. Never before has the head of state of another country come to the inauguration of an American president. According to American expert Kenneth Manusama, according to customs, only ambassadors and other diplomats are welcome during the inaugurations. “If Xi came, it would be a great historic moment.” He believes there is little chance that Xi will accept the invitation.
Strong men
Trump admires the Chinese leader and has often made glowing statements about Xi in the past. According to Manusama, Trump is fascinated by strong leaders and would like to measure himself against figures like Xi but also Putin. “Trump always has a kind of confidence towards these strong figures.”
Trade relations between China and the United States are tense. Trump imposed high import duties on Chinese goods during his first term as president and wants to improve the U.S. economic situation over the next four years, says Teeuwe Mevangen, China economist at Rabobank. “He wants to crush China economically by becoming an economic superpower.”
High rates
The protectionist trade policy initiated by Trump has largely continued under President Biden. Various tariffs now apply to the importation of different products. If it were up to Trump, there would be a flat sixty percent tariff on everything imported from China, Mevangen says. “I think there will always be a 100 percent rate for electric cars.”
It is still unclear how China will react to the upcoming trade war. The country is working on it dual circulation, said MeVisen. A set of measures that affect the structure of value chains. “China wants to become less dependent on the outside world.” The country could import products to the United States via Mexico, but that country could also prepare for high tariffs.
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