2018年CRI Who's winning in the US-China Trade War?

 

So who's winning in the US-China trade war? A short answer is…it depends.

Soybean

Brazil may not have won the FIFA World Cup, but it's a winner in the soybean trade.

Brazil now produces over half of China's soybean purchases, while US soybean sales to China have dropped to their lowest level in a decade.

Weaker Chinese demand is bad news for US soybean farmers.

Prices have plummeted¹ more than 18 percent in the past two months alone.

Aircraft

In the aircraft industry, the winner could be France's Airbus.

Airbus and Boeing are neck-and-neck in their competition for market share in China.

But now Beijing is looking to spend 18 billion US dollars to buy Airbus planes.

And, Boeing's 737 passenger jets are now targets of a 25 percent retaliatory² tariff³.

Steel

In the steel industry, one apparent winner is US steel workers.

A tariff on steel has made Chinese-made steel more expensive.

That's good news for US steel producers, but for companies that buy steel, they're taking a hit.

For each steel worker the US tariff might help, it could hurt 46 workers in downstream industries.

The overall trade picture

The overall trade picture could be much more complicated.

Half of China's technology exports are actually not Chinese.

They are parts and components⁴ produced by other countries and shipped to Chinese plants for assembly.

But when they're assembled and exported to the US, they’re counted as 100 percent "Chinese goods."

That's why in a world of highly integrated supply chains, trade wars can hurt all sides.

1 plummeted   

v.垂直落下，骤然跌落( plummet的过去式和过去分词 )

参考例句：

• Share prices plummeted to an all-time low. 股票价格暴跌到历史最低点。
• A plane plummeted to earth. 一架飞机一头栽向地面。 来自《简明英汉词典》

2 retaliatory   

adj.报复的

参考例句：

• The process can take years before the WTO approves retaliatory action. 在WTO通过此行动之前，这个程序恐怕要等上一阵子了。 来自互联网
• Retaliatory tariffs on China are tantamount to taxing ourselves as a punishment. 将惩罚性关税强加于中国相当于对我们自己实施课税惩罚。 来自互联网

3 tariff   

n.关税，税率；(旅馆、饭店等)价目表，收费表

参考例句：

• There is a very high tariff on jewelry.宝石类的关税率很高。
• The government is going to lower the tariff on importing cars.政府打算降低进口汽车的关税。

4 components   

（机器、设备等的）构成要素，零件，成分； 成分( component的名词复数 )； [物理化学]组分； [数学]分量； （混合物的）组成部分

参考例句：

• the components of a machine 机器部件
• Our chemistry teacher often reduces a compound to its components in lab. 在实验室中化学老师常把化合物分解为各种成分。