“The more you get to the medium, the better your reelection will be.”

Through the first-stage trade agreement in January this year, it is impossible to rule out the possibility that the trade war between the United States and China, which reached a difficult exit, could turn into a full war again. [로이터=연합뉴스]

The trade war between the United States and China, which had been silent for a time, flared up again. This is because the Donald Trump administration severely imposed high-rate tariffs on China as the culprit in the spread of the new coronavirus infection (corona19). This is the beginning of the so-called “Cold War Corona”.

President Trump’s “chief economist” Larry Cuddle, chairman of the White House National Economic Commission (NEC), told CNBC in the first hour (local time) that “China will be responsible for the Corona 19 incident.” Trump will decide how to erase it. “This means that the tariff war between the United States and China, which entered a difficult state due to the first-stage trade agreement on January 15, may turn into a full war again.

Earlier, President Trump said at a White House press conference on the 30th of last month: “I saw evidence that Corona 19 originated from the Wuhan Virus Research Institute in China.” “It can be bitten.”

As Donald Trump’s US administration “beat China” day after day, Larry Cuddle also chaired the White House National Economic Committee (NEC). [AP=연합뉴스]

In this sense, the Foreign Ministry analyzed that President Trump, who challenged reelection in November, chose “Hitting China” as his presidential strategy. The New York Times (NYT) said: “Trump intends to turn Crown 19 anger against human casualties and economic angst into hostile powers.”

According to the Washington Post (WP), the Trump administration is preparing a “monetary punishment” for China. In addition to imposing additional tariffs on China, new non-tariff barriers or economic sanctions are being considered, Reuters said. The CNN of EE. USA He also reported that the Trump administration is considering sanctions against China, refusal to pay debts and new trade policies.

Congress is also pushing to rule out a “sovereignty waiver” against China so that Americans can sue directly against the Chinese government, centering on Republicans Ron Wright and Chris Smith. The sovereign exemption refers to the principle that a country cannot be held responsible for the civil and criminal liability of another sovereign country through the application of its own national laws. Therefore, to make the Chinese government a defendant in the US courts. The US must precede measures to deprive sovereignty.

Two of Wuhan’s viral labs are suspected to be related to the leak from the Wuhan lab. One of them is the Wuhan Virus Research Institute. [중국 바이두 캡처]

Last month in Florida, ten thousand citizens from 40 countries filed a class action lawsuit against the Chinese government for $ 6 trillion (approximately 7,300 trillion won) for liability for damages to Corona 19. The Indian Bar Association also It has filed claims for damages close to $ 20 trillion (approximately 2 trillion 4 trillion won) if China is responsible for the spread of Corona19 worldwide.

However, it is not known whether the high tariffs or punitive damages to China will be limited to Trump’s “political coverage” or applied. This is because the United States economy cannot withstand a new shock, as the economic impact of Corona 19 has not yet passed.

Financial Services Company D.A. Davidson’s director of asset management research at James Logan said: “In the face of growing concerns about the recession, Americans don’t want to raise taxes, like tariffs.” “With the uncertainty of stock market maximization, new trade-related variables or geopolitical tensions can be fatal,” said Joseph Little, senior global strategist at HSBC Global Asset Management.

Reporter Bae Jeong-won [email protected]