Source: Cai Lianshe Author: Xia Junxiong
The prevailing view in the economics community has always been that if former US President Trump returns to the White House, it will damage the US and even global economy; however, economic historian Adam Tooze believes that even if current US President Biden is successfully re-elected, the serious partisan divide in the United States may also bring uncertainty to the market, as Republicans may become more hostile in Biden's second term. On Tuesday, Tooze attended the World Economic Forum (Summer Davos Forum) held in Dalian, China, and said: "From a political perspective, the more dangerous situation is that Biden wins." Tooze pointed out that the uncertainty brought about by Biden's re-election stems from the reaction of Republicans, and the market may view this as an unstable result.
The prevailing view in the economics community has always been that if former US President Trump returns to the White House, it will harm the US and even global economy.
However, economic historian Adam Tooze believes that even if current US President Biden is successfully re-elected, the serious partisan divide in the United States may also bring uncertainty to the market, as Republicans may become more hostile in Biden's second term.
At the World Economic Forum (Summer Davos Forum) held in Dalian, China on Tuesday, Tooze said: "From a political perspective, the more dangerous situation is that Biden wins."
Tooze pointed out that the uncertainty brought about by Biden's re-election stems from the reaction of Republicans, and the market may view this as an unstable result.
In response to Tooze's views, Biden's campaign team quickly refuted them. Biden spokesperson James Singer said: "Experts and economists from different political factions all believe that Trump's agenda will push up prices faced by the middle class, cause soaring inflation, and plunge us into a recession."
The US presidential election in 2024 is scheduled to be held on November 5th, and Biden and Trump will once again compete against each other. The two are scheduled to hold their first debate on Thursday local time.
According to current polls, Biden and Trump have roughly equal support among voters, but both have significant disadvantages. Due to the inflation spike during Biden's term, more voters are inclined to support Trump's economic policies. In addition, Biden's age is also a major disadvantage.
As for Trump, he became the first former president to be convicted in one of the four criminal cases against him this month. Additionally, he had previously threatened to raise tariffs on all imported goods if he won the US presidential election. Economists warn that Trump's proposed tariff policy may push up the prices of various commodities, thereby causing inflation to rise again in the United States.
16 Nobel laureates in economics jointly signed a letter on Tuesday, stating that Trump's economic plan will rekindle inflation and have an impact on the US and world economies.
In 2023, the company's overall sales volume was 18,000 kiloliters, a year-on-year increase of 28.10%, a significant growth. In terms of product structure, the operating income of products worth between 10-30 billion yuan was 401/1288/60 million yuan, respectively.
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