The biggest problem with a trade war is that there are no real winners — both countries lose because the feasible choices open to each of them are reduced. Exporters in both countries will be hurt because of the reduction in their exports, while importers in both countries will see their businesses decline. Consumers and producers who rely on imported goods and inputs in both countries will have to pay higher prices. A serious trade war, however short in duration, is disruptive as it introduces a great deal of uncertainty in future trade and investment decisions. Moreover, if agreements can be easily overturned and treaties readily broken, long-term arrangements will have little credibility or usefulness.
缩小美国对华贸易逆差更好的方法,是美国增加对中国的商品和服务出口,特别是新开发的商品及服务,如食品、能源等。中国对食品和能源的需求会持续保持旺盛,并且会在很多年里呈现增长的势头。这些交易将导致美国的GDP和就业、导致两国的经济福祉出现真正的增长。
A better way to narrow the U.S. trade deficit with China would be for the U.S. to increase its exports of goods and services to China, especially newly created goods and services, such as food and energy. Chinese demand for food and energy will continue to be high and rising for many years. These transactions would lead to genuine increases in GDP and employment in the U.S. and economic well-being in both countries.
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