Founded by Stefano Vaccara

Subscribe for only $6/Year
  • Login
  • Register

Editor in Chief: Giampaolo Pioli

VNY La Voce di New York

The First Italian English Digital Daily in the US

English Editor: Grace Russo Bullaro

  • English Edition
  • Letters
  • New York
  • U.N.
  • News
  • People
  • Entertainment
  • Arts
  • Lifestyles
  • Food & Wine
  • Travel
  • Sports
  • Italian Edition
No Result
View All Result
VNY
  • English Edition
  • Letters
  • New York
  • U.N.
  • News
  • People
  • Entertainment
  • Arts
  • Lifestyles
  • Food & Wine
  • Travel
  • Sports
  • Italian Edition
No Result
View All Result
VNY La Voce di New York
No Result
View All Result
in
News
March 5, 2023
in
News
March 5, 2023
0

Trump Vows Zero Imports from China if Elected: Feasible or Reckless?

The reality is that the US imported $161 billion dollars of electronics from China in 2022 alone

Daniel De CrescenzobyDaniel De Crescenzo
Trump Vows Zero Imports from China if Elected: Feasible or Reckless?

Former President Trump speaking at CPAC - YouTube

Time: 3 mins read

Speaking at the Conservative Political Action Conference last night, former President Donald Trump said the following: 

“I will have a four-year plan to phase out all Chinese imports of essential goods and gain total independence from China. We have to do it. We have to do it.”

Such autarky seems outright ludicrous in its scope, impossible in execution.

Granted, the United States political class is in a solidly anti-China mood right now. Recall that when Trump pledged to impose a 45% tariff rate on China while on the campaign trail in 2016, the idea was treated as the gateway to a recession by his political opponents; Trump’s eventual 25% tariff rate on China led to China hitting back on US agricultural exports and cost the US as many as 245,000 jobs.

But things have changed a lot since then. President Biden has kept these tariffs in place, and also has made competing with China a hallmark of his foreign policy. Between the pandemic and the spy balloon and TikTok and the especially Xianjing internment camps, the conversation around China has shifted. “Made in America” has become a mantra for both parties, shorthand for the emerging consensus that the US needs to rely less on China economically. Trump’s rhetoric in the past definitely played a role in shaping that goal.

But actually achieving it is another matter.

Aside from America’s direct neighbors to the north and south (Canada and Mexico), China was the largest US trading partner and was their largest import source. The US imported $161 billion dollars of electronics from China in 2022 alone–the biggest commodity traded from China to the US—according to Census Bureau Data.

No exports from the US (which are mostly agricultural products) clock in at any sum greater than $31 billion. Without any other statistics, the trade gap between the two countries is more than evident, but eliminating that in four years as Trump proposed could never happen in such a short time.

Attempts at rectifying this have failed in the past, as Beijing has never completely followed through on commitments to buy more American goods. Perhaps the biggest indicator that the trade links between these countries can’t be easily broken is that despite posturing by Washington and Beijing over the years, trade between the countries hit a new record in 2022: according to data published by the US Bureau of Economic Analysis, total imports and exports grew 2.5 percent year-on-year to hit an all-time high US$690.6 billion. 

Does the US need to rely less on China? It’s an open question where the popular and in some ways morally correct answer is yes. But can total independence be achieved quickly? No, and it’d be foolish to try.

 

Share on FacebookShare on Twitter
Daniel De Crescenzo

Daniel De Crescenzo

Daniel DeCrescenzo serves as Program Director of Talk at WRHU, Hofstra's campus radio station. He also works in commercial radio at WABC as a weekend news anchor and sportswriter.

DELLO STESSO AUTORE

NASA Panel Holds First Public UFO Meeting

NASA Panel Holds First Public UFO Meeting

byDaniel De Crescenzo
Trump: ‘Tutti gli insegnanti devono essere armati’

Trump Vows to End Birthright Citizenship; He Can’t

byDaniel De Crescenzo

A PROPOSITO DI...

Tags: ChinaDonald Trumpimport-exportJoe Bidentrade agreementsUS economyUS exports
Previous Post

La fisionomia del casalingo disperato

Next Post

“Tina, Mafia Soldier”: a Classic of Italian Feminist Literature Now Translated

Discussion about this post

DELLO STESSO AUTORE

Democrats and Republicans Squirm at Debt Limit Deal

Democrats and Republicans Squirm at Debt Limit Deal

byDaniel De Crescenzo
Get Ready for a Lot of Political Deepfakes

Get Ready for a Lot of Political Deepfakes

byDaniel De Crescenzo

Latest News

Stretto di Taiwan: sfiorata la collisione tra navi USA e Cina

Stretto di Taiwan: sfiorata la collisione tra navi USA e Cina

byLa Voce di New York
Lo Utah vieta la Bibbia nelle scuole: “È volgare e violenta”

Lo Utah vieta la Bibbia nelle scuole: “È volgare e violenta”

byLa Voce di New York

New York

Shark Tank’s Corcoran: “Commercial Real Estate Will be a Bloodbath”

Shark Tank’s Corcoran: “Commercial Real Estate Will be a Bloodbath”

byAlex Christiansen
Award Ceremony of First Edition of NY Prize for Poetry “Italians for the Future”

Award Ceremony of First Edition of NY Prize for Poetry “Italians for the Future”

byLa Voce di New York

Italiany

Arriva il liceo del Made in Italy: approvato il disegno di legge

Arriva il liceo del Made in Italy: approvato il disegno di legge

byEmanuele La Prova
Urso a Washington: “L’Italia è affidabile e deve crescere insieme agli Stati Uniti”

Urso a Washington: “L’Italia è affidabile e deve crescere insieme agli Stati Uniti”

byLa Voce di New York
Next Post
“Tina, Mafia Soldier”: a Classic of Italian Feminist Literature Now Translated

"Tina, Mafia Soldier": a Classic of Italian Feminist Literature Now Translated

La Voce di New York

Editor in Chief:  Giampaolo Pioli   |   English Editor: Grace Russo Bullaro   |   Founded by Stefano Vaccara

Editor in Chief:  Giampaolo Pioli
—
English Editor: Grace Russo Bullaro
—
Founded by Stefano Vaccara

  • New York
    • Eventi
  • Onu
  • News
    • Primo Piano
    • Politica
    • Voto Estero
    • Economia
    • First Amendment
  • People
    • Nuovo Mondo
  • Arts
    • Arte e Design
    • Spettacolo
    • Musica
    • Libri
    • Lingua Italiana
  • Lifestyles
    • Fashion
    • Scienza e Salute
    • Sport
    • Religioni
  • Food & Wine
  • Travel
    • Italia
  • Mediterraneo
  • English
  • Search/Archive
  • About us
    • Editorial Staff
    • President
    • Administration
    • Advertising

VNY Media La Voce di New York © 2016 / 2023 — La testata fruisce dei contributi diretti editoria d.lgs. 70/2017
Main Office: 230 Park Avenue, 21floor, New York, NY 10169 | Editorial Office/Redazione: UN Secretariat Building, International Press Corps S-301, New York, NY 10017

VNY Media La Voce di New York © 2016 / 2023
La testata fruisce dei contributi diretti editoria d.lgs. 70/2017

Main Office: 230 Park Avenue, 21floor, New York, NY 10169 | Editorial Office/Redazione: UN Secretariat Building, International Press Corps S-301, New York, NY 10017

No Result
View All Result
  • Home
  • New York
  • Onu
  • News
    • Elezioni 2022
    • Primo Piano
    • Politica
    • Economia
    • First Amendment
  • Arts
    • Speciale Venezia
    • Arte e Design
    • Spettacolo
    • Musica
    • Libri
  • Lifestyles
    • Fashion
    • Scienza e Salute
    • Sport
    • Religioni
  • Food & Wine
    • Cucina Italiana
  • Travel
    • Italia
  • English
    • Arts
    • Business
    • Entertainment
    • Food & Wine
    • Letters
    • Lifestyles
    • Mediterranean
    • New York
    • News
  • Subscribe for only $6/Year

© 2016/2022 VNY Media La Voce di New York

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In
By clicking on "Create my account" or by registering, you accept the Term of Service and the Privacy Policy.

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?