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Sino-US trade war to combat global demand

Release time:Aug 01, 2019 Visits:
Lufthansa's cargo business suffered losses for the first time in two and a half years. It is expected that China and the United States will reach an agreement as soon as possible. According to the Hong Kong Economic Times reported on July 31, Lufthansa's Lufthansa Cargo lost a loss of 10 million euros in the second quarter (1 euro is about 1.12 US dollars).

Lufthansa said that the Eurasian route was the worst. The carrying capacity data shows that the cargo carrying capacity of the cargo hold is less than 60%, the lowest since 2009. The Sino-US trade war is hitting European exports and has become the primary threat to the aviation industry's profits. Lufthansa said in the performance report that the loss trend is likely to last longer and more obvious than expected. If the peak shipments before Christmas still fail to see demand stabilize, the company will cut its full-year target. According to the report, Germany is an export-oriented economy and relies on China's demand for advanced technology, so it is particularly vulnerable to the Sino-US trade war.

Today, the negative impact of the Sino-US trade war on the global economy is gradually emerging. On July 23, the International Monetary Fund (IMF) lowered its forecast for global economic growth in 2019 and 2020, and warned that more tariffs, auto tariffs or disorderly Brexit may be between China and the United States. Further slowing growth, weakening investment and disrupting the supply chain. Chinese experts pointed out that the trade war deliberately provoked by the United States is naked economic terrorism, economic murder and economic bullying. In trade, everyone loses. Trade conflicts can have a serious negative impact on the development and recovery of the world economy.

Economists say that the trade war will weaken business confidence and encourage companies to delay investment, and the overall effect will probably be further revealed. Trade disputes between China and the United States have continued for many days, and the two countries have resumed stagnation negotiations to end the trade war that lasted more than a year. The new round of Sino-US negotiations began in Shanghai on July 30. This is the first time that China and the United States have had face-to-face talks since Trump accused Beijing of violating its commitments in May and decided to impose tariffs on most of China's goods. On the evening of July 30th, Chinese Vice Premier Liu He and US Trade Representatives Robert Lighthizer and Steven Mnuchin boarded the terrace on the 9th floor of the Peace Hotel to visit Pujiang. There is also a small detail here. Liu He and Wright Heze and Nuchin also turned around on the terrace to take photos with Lujiazui night scene as a background. On July 31, the Sino-US Shanghai negotiations entered the second day. At around 9 in the morning, Liu He began to meet with Wright Heze and Finance Minister Nuchin. According to Bloomberg, at the negotiating table, there were five people in the United States and six in China. Chinese business minister Zhong Shan rarely joined the negotiations. The outside world believes that after several rounds of trade negotiations, China and the United States have understood that they cannot fully win each other. Therefore, they hope that even if they cannot reach an agreement, they must move in the right direction.

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