Trump is the biggest threat

Not much help: Despite his use of tariffs to help skew the playing field in favour of US firms, the very industries Trump has tried to help have become the weakest links in the otherwise solid economy.

WASHINGTON: At rallies and whistle-stop campaign tours, President Donald Trump proclaims a renaissance in US factories rebuilding the nation with “American steel”, “American heart” and “American hands”.

But in reality, despite his relentless use of punitive tariffs to help skew the playing field in favour of US companies, the very industries he has tried to help have become the weakest links in the otherwise solid economy.

With just over a year to go before he faces re-election, Trump takes credit for the most vigorous economy in the industrialised world, with the expansion entering its 11th year and historically low unemployment.

But while services and office jobs dominate the US economy, Trump continues to promote the factory and mining jobs that were the lifeblood of the economy in the last century.

“American steel mills are roaring back to life,” he declared last month in Florida – the same day US Steel announced it would idle plants in Michigan and Indiana until “market conditions improve”.

And to West Virginians he said, “The coal industry is back.”

But in fact each of the sectors Trump has championed – coal mining, steel, aluminium and auto manufacturing – have been buffeted by a combination of market forces and changing technologies – factors beyond his control – or damaged by the very things he did to protect them, economists and analysts say.

Last month, a national survey of manufacturing activity hit its lowest level in nearly three years – narrowly avoiding slipping into contraction – while regional surveys have also seen record declines.

In March, the number of workers in US manufacturing shrank for the first time in nearly two years and it is now growing more slowly than the rest of the American workforce.

Trump has imposed tariffs on hundreds of billions in imports, renegotiated trade agreements and dangled the threat of worse over China and Europe and Mexico – all while publicly browbeating companies that close US factories or move production offshore.

But weak foreign demand, a strong US dollar and a decades-long evolution away from domestic manufacturing have progressively shrunk America’s industrial sector, said Gregory Daco, chief US economist at Oxford Economics.

Trump’s world trade war has not helped either.

“The policies that have been implemented in terms of protectionism have hurt the very sectors they were meant to protect. There’s no escaping that,” Daco said. - AFP/The Star

Read more

China can effectively sanction US companies who sell weapons to Taiwan: experts

The US is deploying a double standard by calling China's proposed sanctions on US companies for arms sales to Taiwan a "foolish action," Chinese mainland analysts said on Sunday, pointing out that the sanctions could not only cut base material supply to these companies including rare earths but also block their non-military products from entering Chinese markets.

The Point: Chinese economic data reveals the winner of trade war

https://youtu.be/iqExpwZh3TE


Related posts:

More people around the world see U.S. power and influence as a ‘major threat’ to their country

https://youtu.be/jYs75AzA4xU

The hegemonic anxiety of America First

The World Will Not Mourn the Decline of U.S. Hegemony In the global political landscape looms a superpower with a military and eco...

American anti-China Hawks ignited the trade war, are Trump's advisors

Illustration: Liu Rui/GT US President-elect Donald Trump appointed Peter Navarro, a strident critic of China, as head of the new Nat...

Trump US-China Trade War became Tech War

https://youtu.be/BgTKh4Rx-LI https://youtu.be/rD1EIaTh6_U After Huawei, U.S. blacklists Chinese supercomputers https://youtu.be...

US technology sector faces triple threat

Uncertainty over the future of US-China economic relations has derailed the once high-flying global equity market, which rose almost 15 per .

Trump is the biggest threat

Not much help: Despite his use of tariffs to help skew the playing field in favour of US firms, the very industries Trump has tried to help have become the weakest links in the otherwise solid economy.

WASHINGTON: At rallies and whistle-stop campaign tours, President Donald Trump proclaims a renaissance in US factories rebuilding the nation with “American steel”, “American heart” and “American hands”.

But in reality, despite his relentless use of punitive tariffs to help skew the playing field in favour of US companies, the very industries he has tried to help have become the weakest links in the otherwise solid economy.

With just over a year to go before he faces re-election, Trump takes credit for the most vigorous economy in the industrialised world, with the expansion entering its 11th year and historically low unemployment.

But while services and office jobs dominate the US economy, Trump continues to promote the factory and mining jobs that were the lifeblood of the economy in the last century.

“American steel mills are roaring back to life,” he declared last month in Florida – the same day US Steel announced it would idle plants in Michigan and Indiana until “market conditions improve”.

And to West Virginians he said, “The coal industry is back.”

But in fact each of the sectors Trump has championed – coal mining, steel, aluminium and auto manufacturing – have been buffeted by a combination of market forces and changing technologies – factors beyond his control – or damaged by the very things he did to protect them, economists and analysts say.

Last month, a national survey of manufacturing activity hit its lowest level in nearly three years – narrowly avoiding slipping into contraction – while regional surveys have also seen record declines.

In March, the number of workers in US manufacturing shrank for the first time in nearly two years and it is now growing more slowly than the rest of the American workforce.

Trump has imposed tariffs on hundreds of billions in imports, renegotiated trade agreements and dangled the threat of worse over China and Europe and Mexico – all while publicly browbeating companies that close US factories or move production offshore.

But weak foreign demand, a strong US dollar and a decades-long evolution away from domestic manufacturing have progressively shrunk America’s industrial sector, said Gregory Daco, chief US economist at Oxford Economics.

Trump’s world trade war has not helped either.

“The policies that have been implemented in terms of protectionism have hurt the very sectors they were meant to protect. There’s no escaping that,” Daco said. - AFP/The Star

Read more

China can effectively sanction US companies who sell weapons to Taiwan: experts

The US is deploying a double standard by calling China's proposed sanctions on US companies for arms sales to Taiwan a "foolish action," Chinese mainland analysts said on Sunday, pointing out that the sanctions could not only cut base material supply to these companies including rare earths but also block their non-military products from entering Chinese markets.

The Point: Chinese economic data reveals the winner of trade war

https://youtu.be/iqExpwZh3TE


Related posts:

More people around the world see U.S. power and influence as a ‘major threat’ to their country

https://youtu.be/jYs75AzA4xU

The hegemonic anxiety of America First

The World Will Not Mourn the Decline of U.S. Hegemony In the global political landscape looms a superpower with a military and eco...

American anti-China Hawks ignited the trade war, are Trump's advisors

Illustration: Liu Rui/GT US President-elect Donald Trump appointed Peter Navarro, a strident critic of China, as head of the new Nat...

Trump US-China Trade War became Tech War

https://youtu.be/BgTKh4Rx-LI https://youtu.be/rD1EIaTh6_U After Huawei, U.S. blacklists Chinese supercomputers https://youtu.be...

US technology sector faces triple threat

Uncertainty over the future of US-China economic relations has derailed the once high-flying global equity market, which rose almost 15 per .

More people around the world see U.S. power and influence as a ‘major threat’ to their country

https://youtu.be/jYs75AzA4xU

By John Gramlich and Kat Devlin

A growing share of people around the world see U.S. power and influence as a “major threat” to their country, and these views are linked with attitudes toward President Donald Trump and the United States as a whole, according to Pew Research Center surveys conducted in 22 nations since 2013.

As confidence in president, favorable views of America have declined, more see U.S. power as a 'major threat'

 

A median of 45% across the surveyed nations see U.S. power and influence as a major threat, up from 38% in the same countries during Trump’s first year as president in 2017 and 25% in 2013, during the administration of Barack Obama. The long-term increase in the share of people who see American power as a threat has occurred alongside declines in the shares of people who say they have confidence in the U.S. president to do the right thing regarding world affairs and who have a favorable view of the United States. (For more about global views toward the U.S. president and the country he leads, see “Trump’s International Ratings Remain Low, Especially Among Key Allies.”)

Despite these changes, U.S. power and influence still ranks below other perceived threats around the world. Considerably larger shares of people point to global climate change (seen as a major threat by a median of 67%), the Islamic militant group known as ISIS (cited by 62%) and cyberattacks (cited by 61%). U.S. power and influence, in fact, is not seen as the top threat in any of the countries surveyed.

People see U.S. power and influence as a greater threat in the Trump era

 

Still, in 18 of the 22 countries, there were statistically significant increases in the share of people who see American power and influence as a major threat between 2013 and 2018. That includes increases of 30 percentage points in Germany, 29 points in France, and 26 points in Brazil and Mexico. And while these shares rose substantially in many countries after Trump’s election, they increased further in several nations between Trump’s first and second year in office.

In Germany and France, for instance, the share of people who see U.S. power and influence as a major threat went up by 14 and 13 percentage points, respectively, between 2017 and 2018. Other notable year-over-year increases occurred in Tunisia (11 points), Canada and Argentina (8 points each), South Africa (7 points) and Brazil and Russia (6 points each).

Other nations bucked this trend, however. In Spain, for example, the share of people who see American power as a major threat fell by 17 points between 2017 and 2018 (from 59% to 42%). Still, people in Spain remain much more likely to see the U.S. as a threat today than in 2013.

Overall, there are 10 nations surveyed where roughly half or more now see U.S. power as a major threat, with the biggest shares saying this in South Korea (67%), Japan (66%) and Mexico (64%).

In South Korea, equal shares point to U.S. power and influence and to North Korea’s nuclear program as a major threat to their nation (each is cited by 67% of the public). However, several other perceived threats to South Koreans outrank U.S. power and influence, including global climate change (named by 86% of South Koreans), China’s power and influence (cited by 82%), cyberattacks from other countries (cited by 81%) and the condition of the global economy (cited by 74%). South Koreans have long perceived American power as a major threat to their country: 66% said this in 2013 and 70% said it in 2017.

In many of the surveyed countries, concerns about American power and influence are connected with views of Trump: People who have little or no confidence in the U.S. president to do the right thing regarding world affairs are more likely than those who have confidence in Trump to see U.S. power and influence as a top threat to their country. This includes several longtime U.S. allies, including Canada, the UK and Australia.

The same pattern appears when it comes to views of the U.S. in general, as opposed to its president. In most surveyed nations, people who have a more unfavorable view of the U.S. are also more likely to say that American power and influence is a threat to their nation.

Topics: U.S. Global Image and Anti-Americanism, Country Image, Donald Trump


  John Gramlich is a writer/editor at Pew Research Center.


Related:
 
Yang Jiechi defends Huawei at the Munich Security Conference

https://youtu.be/vuqL7fBDWrI

China to US: You’re lying about Huawei
https://youtu.be/WdNobdkSQyA

US trying to sabotage Huawei, ZTE and Sino-5G. Too late. Game over. China Rising Radio Sinoland
  https://youtu.be/UN3cUQ2LdhQ

Related post:

China to US: You’re lying about Huawei, unjust and immoral bullying

More people around the world see U.S. power and influence as a ‘major threat’ to their country

https://youtu.be/jYs75AzA4xU

By John Gramlich and Kat Devlin

A growing share of people around the world see U.S. power and influence as a “major threat” to their country, and these views are linked with attitudes toward President Donald Trump and the United States as a whole, according to Pew Research Center surveys conducted in 22 nations since 2013.

As confidence in president, favorable views of America have declined, more see U.S. power as a 'major threat'

 

A median of 45% across the surveyed nations see U.S. power and influence as a major threat, up from 38% in the same countries during Trump’s first year as president in 2017 and 25% in 2013, during the administration of Barack Obama. The long-term increase in the share of people who see American power as a threat has occurred alongside declines in the shares of people who say they have confidence in the U.S. president to do the right thing regarding world affairs and who have a favorable view of the United States. (For more about global views toward the U.S. president and the country he leads, see “Trump’s International Ratings Remain Low, Especially Among Key Allies.”)

Despite these changes, U.S. power and influence still ranks below other perceived threats around the world. Considerably larger shares of people point to global climate change (seen as a major threat by a median of 67%), the Islamic militant group known as ISIS (cited by 62%) and cyberattacks (cited by 61%). U.S. power and influence, in fact, is not seen as the top threat in any of the countries surveyed.

People see U.S. power and influence as a greater threat in the Trump era

 

Still, in 18 of the 22 countries, there were statistically significant increases in the share of people who see American power and influence as a major threat between 2013 and 2018. That includes increases of 30 percentage points in Germany, 29 points in France, and 26 points in Brazil and Mexico. And while these shares rose substantially in many countries after Trump’s election, they increased further in several nations between Trump’s first and second year in office.

In Germany and France, for instance, the share of people who see U.S. power and influence as a major threat went up by 14 and 13 percentage points, respectively, between 2017 and 2018. Other notable year-over-year increases occurred in Tunisia (11 points), Canada and Argentina (8 points each), South Africa (7 points) and Brazil and Russia (6 points each).

Other nations bucked this trend, however. In Spain, for example, the share of people who see American power as a major threat fell by 17 points between 2017 and 2018 (from 59% to 42%). Still, people in Spain remain much more likely to see the U.S. as a threat today than in 2013.

Overall, there are 10 nations surveyed where roughly half or more now see U.S. power as a major threat, with the biggest shares saying this in South Korea (67%), Japan (66%) and Mexico (64%).

In South Korea, equal shares point to U.S. power and influence and to North Korea’s nuclear program as a major threat to their nation (each is cited by 67% of the public). However, several other perceived threats to South Koreans outrank U.S. power and influence, including global climate change (named by 86% of South Koreans), China’s power and influence (cited by 82%), cyberattacks from other countries (cited by 81%) and the condition of the global economy (cited by 74%). South Koreans have long perceived American power as a major threat to their country: 66% said this in 2013 and 70% said it in 2017.

In many of the surveyed countries, concerns about American power and influence are connected with views of Trump: People who have little or no confidence in the U.S. president to do the right thing regarding world affairs are more likely than those who have confidence in Trump to see U.S. power and influence as a top threat to their country. This includes several longtime U.S. allies, including Canada, the UK and Australia.

The same pattern appears when it comes to views of the U.S. in general, as opposed to its president. In most surveyed nations, people who have a more unfavorable view of the U.S. are also more likely to say that American power and influence is a threat to their nation.

Topics: U.S. Global Image and Anti-Americanism, Country Image, Donald Trump


  John Gramlich is a writer/editor at Pew Research Center.


Related:
 
Yang Jiechi defends Huawei at the Munich Security Conference

https://youtu.be/vuqL7fBDWrI

China to US: You’re lying about Huawei
https://youtu.be/WdNobdkSQyA

US trying to sabotage Huawei, ZTE and Sino-5G. Too late. Game over. China Rising Radio Sinoland
  https://youtu.be/UN3cUQ2LdhQ


Related post:

China to US: You’re lying about Huawei, unjust and immoral bullying