🖼 📉Trump's trade policies may weaken the US's competitiveness in addressing climate change

📉Trump's Trade Policies May Weaken US Competitiveness in Coping with Climate Change

* Core View: The Trump administration's trade policies and attacks on environmental regulations are weakening the US's competitiveness in addressing climate change, potentially leading to lags in technological innovation and hindrances to economic growth.
* Impacts of Specific Measures:
* Reduction in Scientific Research Funds: The Trump administration has significantly cut federal scientific research funds, weakening the US's research capabilities in key technology areas such as nuclear fusion and batteries, while China is increasing investment in related fields.
* Tariff Policies: Imposing high tariffs on inputs for the manufacturing and mining industries has harmed domestic US manufacturers, hindered the development of the emerging US mining industry, and may lead to the transfer of some technological innovations to China and Europe.
* Trade Wars: The Trump administration's trade wars have disrupted the global order and the free trade system, weakening the US's ability to address climate change and develop clean energy through economic growth.
* Potential Consequences:
* Technological Lag: The US may fall behind China in advanced energy technologies, especially in the fields of batteries and electric vehicles.
* Economic Recession: The Trump administration's policies may lead to a decline in consumer and business confidence, triggering an economic recession, thus affecting the transition to clean energy.
* Obstruction of Global Cooperation: Unreasonable tariff policies will weaken the US's role in the global order and hinder international cooperation on climate change issues.
* Author's Appeal: The US should encourage Chinese companies to open advanced factories in the US and learn from China's experience in advanced energy technologies to maintain competitiveness.

(NYT > China)

via Teahouse - Telegram Channel