Chicago, located in Illinois, is the third largest city in the United States. It is also the economic center of the Midwest of the United States. A group of well-known enterprises, represented by Boeing and McDonald's, will be headquartered here. Over the past few days, Chinese journalists have conducted on-the-spot interviews in Chicago on Sino-US trade disputes. They have really felt the anxieties and dissatisfaction of the local people from all walks of life about the unilateral initiation and escalation of the US government's trade war.
Problems should be solved through negotiation.
Walking into Boeing's headquarters, a group of display boards with Chinese advertisements stand out, expressing Boeing's ambition to explore the Chinese market. Recently, however, the U.S. government's protectionist policies have left executives of the world's aircraft giant at their wits'end.
In recent years, China's share in Boeing's global market has become more and more important. Ma Ailun, President of Boeing International Group, described the importance of the Chinese market to reporters by "two 1000". "In 2013, Boeing delivered 1000th aircraft to the Chinese market. This is the result of Boeing's opening up to the Chinese market in the past 40 years. Over the past 5 years, Boeing has delivered 1000 more aircraft to China. Ma said Boeing was able to complete its 40-year journey in just five years, thanks to the important opportunities brought about by China's rapid development.
"Boeing hopes to deepen partnership with Chinese enterprises and continue to explore the Chinese market in depth." Ma Ailun introduced Boeing's multi-level cooperation with Chinese enterprises. "Boeing produces a large number of aircraft parts from China, and we have cooperation with China's commercial aviation, aviation industry. Boeing's Zhoushan Aircraft Completion and Delivery Center, which represents a long-term investment in China, is about to be completed.
However, the trade war provoked by the US government has put pressure on the above multiple cooperation relations. Boeing is a frequently cited case in which domestic economic experts have recently predicted the impact of the trade war. The analysis shows that the impact of the trade war on a large manufacturing enterprise like Boeing is twofold: it will disrupt its original global supply chain, and it will hit its export market.
Boeing Senior Vice President Murphy said Boeing is highly concerned about trade disputes between the United States and China. "We are actively communicating with the U.S. government, hoping that the White House will recognize the importance of the Chinese market." Ma believes that the two governments should solve the problem through negotiation and consultation, seek common interests, and continue the bilateral cooperation.
Will bring the whole industry impact.
Chicago, Illinois, has an extraverted economy and is closely related to China. Therefore, the impact of trade war is more than just big enterprises like Boeing.
According to Illinois Governor Laura, there are currently more than 400 enterprises headquartered in the state of investment in China, more than 40 Chinese enterprises in the state take root. In 2016, Illinois exported more than $5 billion to China. A recent study by the American Chamber of Commerce pointed out that Illinois exports of $3.8 billion would be affected by the trade war, including $1.3 billion in soybean exports, $450 million in automobile exports, $160 million in bread and pastry exports, and $130 million in herbicide exports... The Chicago Council on Global Affairs has pointed out that the trade war initiated by the U.S. government will have an industry-wide impact on the Illinois economy, which may last for many years.
Hong Lei, the Chinese Consul General in Chicago, told reporters that in recent years, various states in the Midwest, including Illinois, have felt the impact of the trade war in different industries. "Soybean farmers'associations, pig farmers' associations and other groups have expressed their dissatisfaction with the U. S. government's trade protection policy. This year, the United States ushered in a bumper year of soybeans, but the United States farmers are not happy, because the trade war has brought them great risks.
According to data released by the U.S. government, the U.S. agricultural export price index fell 5.3% in July, the biggest drop since October 2011, and soybean export prices fell by 14.1%. Cecil Shea, a senior researcher at the Chicago Council on Global Affairs, said that for Illinois farmers, a trade war would result in their export markets being dominated by competitors from other countries, such as Canada and Australia, which would be difficult to recapture once lost.
Do not want to be a "victim" of trade wars.
After graduating from a medical school in New York, Geijo arrived in Chicago and is currently working on his internship. In order to save his living expenses, he rented a house in the suburbs of Chicago. Jackie told reporters that his worries about the trade war are mainly two points: whether the prices of daily consumer goods will rise, and whether the quality of products that replace Chinese goods into the U.S. market will be guaranteed.
Apart from caring about the prices of consumer goods, many Americans worry that trade wars will lose their jobs. Some analysts have pointed out that 1.7 million jobs in Illinois are related to exports, and if the trade war continues, it may affect local employment. Last month, Chicago Mayor Ram Emanuel led a large economic and trade delegation to China to show that Chicago did not want to be the "victim" of a trade war unilaterally provoked by the U.S. government.
In the face of the risks and losses brought by the trade war to American enterprises and ordinary people, the American media have issued articles criticizing the U.S. government's trade protection policy. The Chicago Tribune, Illinois's most important newspaper, has recently published a series of commentary articles on the trade war, with the headline "Trade War will hurt everyone", "Is the U.S. government ready for the consequences of the trade war", "Tariffs will not strengthen national security" It will damage national security "...
As the head of the newspaper pointed out, Illinois has benefited greatly from economic globalization. "It is inevitable that there are differences on trade issues, but no one wants to see the current trade war."
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