The US unilateral policy was besieged.

In his speech at the United Nations General Assembly, President Trump reiterated the idea of "American priority" after last year, which is the opposite of multilateralism advocated by the United Nations. After Trump's speech, the leaders of the traditional allies of the United States came to power one after another, including French President Mark Long, Turkish President Erdogan and others who "played the opposite role" with Trump, emphasizing the importance of multilateralism. According to The Associated Press, the United Nations General Assembly is like Trump and the whole world.

According to reports, Trump showed that the United States was dominated by Americans, would reject the ideology of globalization, embrace patriotism. Trump also criticized the UN refugee agency and the International Court of justice. Trump also made no mention of climate change, saying the United States would export more cheap oil, coal and natural gas.


The remarks of the world's leaders are clearly different from those of Trump, in which Brazilian President Thamer said that the world is being shrouded in isolationism and that past intolerance of others is recurring, indicating that Venezuelan refugees are welcomed and demanding Security Council reform.


Erdogan urged the world to establish peace and prosperity, describing how only in this way can countries guard their borders, frankly creating chaos is easy, but rebuilding order will be difficult. South African President Lamafosa said countries should work together to prevent anyone from weakening globalism and cracking down on international trade.


At the same time, Mark Long also pointed out that doubts about the United Nations, the European Union and other transnational organizations are intensifying everywhere, calling for people to oppose isolationism, threatening that nationalism is doomed to failure. Some countries now believe in "power is axiom", but it can't protect everyone. He cited climate change and refugee flows as examples, admitted that no country could solve these problems alone, and reiterated the need to defend the UN-led multilateralism.


In his speech, Trump repeatedly accused Iran, but Iranian President Rouhani said that opposition to multilateralism can not show the country's strength, but expose the country's lack of wisdom, criticized the United States only believe in authoritarianism, for fear of invalidating international organizations. Rouhani has denounced Washington's withdrawal from Iran's nuclear agreement and its blatant plan to overthrow the Iranian government through unilateral sanctions, ignoring basic ethics and international law.


Reported that Rouhani described Iran as demanding "no sanctions, no war, no threat, no bullying" and urged the United States to return to the negotiating table, so that the United States and Iran listen to each other. He urged countries to talk to Iran rather than unilaterally pressure to really solve the Iran nuclear issue.


U. N. Secretary-General Guterres stressed that the problems facing people everywhere and the world as a whole require collective action by all countries to solve. He described the time when multilateralism was most needed by mankind, but multilateralism was criticized. He criticized the rise of populism around the world, and some of them regarded their neighbours as enemies and created threats from the ground.

American business: ultimately, every American will pay the price.

On September 17, US President Trump announced a 10% tariff on $200 billion worth of Chinese imports. 10% of the new tariffs will come into effect in September 24th and will rise to 25% in January 1, 2019. The U.S. Retail Federation and some experts believe the move will put high economic costs on American consumers, the main driver of the U.S. economy.

According to Agence France-Presse on September 19, U.S. President Trump levied large-scale tariffs have affected Chinese manufactured goods throughout the United States. Half of all Chinese purchases by Americans, from shampoo and furniture to vacuum cleaners, handbags and mobile phones, will be subject to a 10% tariff Monday, which will rise to 25% in about three months.

Matthew Shay, chairman of the National Retail Federation, said in a statement after Trump announced the latest tariffs on China: "Every trade war escalates, the risk to American consumers increases."

"We can not afford to escalate the trade war again, especially the holiday shopping season is coming."

According to official documents and trade data, Trump's new protectionist measures cover about 11,400 Chinese manufactured goods, equivalent to an annual import of about $250 billion.

Chad Bown, a trade expert at the Peterson Institute for International Economics, said that by November's mid-term elections, "Trump's new tariffs in 2018 could affect 40% of U.S. imports."

Although the Trump administration may underestimate these risks, economists have long warned that tariff increases will ultimately cost everyone in the United States.

A regular University of Michigan consumer confidence survey shows that trade is one of the top concerns of American families.

As tariffs affect the range and quantity of products produced in most industrial sectors, they may lead to some consumer spending cuts.



Black Friday shopping season will be affected

Consumption is a historic driver of the U.S. economy. In U.S. stores and large retail stores such as Wal-Mart, U.S. consumers will inevitably buy shoes, clothing and electronics made in China.

American consumers are very sensitive to prices, and if consumption increases, nationalism will be reduced.

Last year's poll showed that the vast majority of people would prefer to buy American goods if the prices of similar goods made in foreign countries were the same. But as prices of goods made in the U.S. rise, the number of consumers who tend to buy U.S. products begins to decline.

Economists expect that the rise in Chinese commodity prices will lead to a sharp decline in sales.

Barclays said the impact of tariffs on U.S. gross domestic product was small, well below 1%, but "U.S. households will feel more or less the impact of tariffs on the economy."

Analysts say tariffs have pushed up durable goods prices, which account for about 0.6% of GDP in the US.

A recent study by the American Retail Federation shows that American consumers may spend an additional $6 billion a year on tariffs imposed on goods made in China.

But the Federation says American consumers may have no choice because similar products made elsewhere are more expensive.

On November 23rd, the day after what retailers call Black Friday's Thanksgiving holiday, U.S. consumption will peak, marking the unofficial start of the Christmas shopping season.

"The U.S. government's mere mention of tariffs on all the remaining Chinese imports raises serious concerns among retailers, because such large-scale tariffs will involve all aspects of American life," Shea said.

Asian investment bank president talks about non cooperation

China Daily's "New Age Lecture Hall" with the theme of "New Era of China-Africa Cooperation" opened at Beijing Language and Culture University. In a keynote speech, Jin Liqun, President of the Asian infrastructure investment bank, pointed out that the "one belt road initiative" and the Asian investment bank support each other, and will play an important role in promoting Africa's development and Promoting Sino African cooperation.

He pointed out that the Asia Investment Bank and the "one belt and one road" are all China initiatives, advocating openness and tolerance and striving for common goals. Asia Investment Bank expects to benefit from the "one belt and one way" development project, and at the same time help to develop the "one belt and one way" development, providing support for the "one belt and one way" construction in terms of standards, finance, capacity building and environmental and social policies.

Jin Liqun also said that China and Africa could become stronger and more comprehensive strategic partners. Today's development of Africa is getting better and better, but there are still many things to do. "I think Asian countries have a responsibility to support Africa's development."

Jin Liqun said: "Africa has great potential for development, but its challenges are also very arduous. Asia Investment Bank will provide a series of innovative services to support Africa's development. We will not give Africa a finger-pointing, but will listen to the advice of the African people, understand the needs of Africa, and work together to develop the best programs to improve the livelihood of the African people.

Jin Liqun said that as early as the establishment of the Asian Investment Bank, the vision not only to Asia, but also to the region outside Asia. "Because we believe that Asia cannot achieve sustainable development without close cooperation with other regions.

"Asia Investment Bank adhere to the principle of openness, tolerance and cooperation. While its business focus is on Asia, it also attaches great importance to business development in Africa, promoting investment in African member countries and cooperation with other multilateral development banks such as the World Bank, the African Development Bank and the Islamic Development Bank.

The bank now has six African members: Egypt, Ethiopia, Kenya, Madagascar, South Africa and Sudan.

Jin Liqun believes that Africa should export more manufactured and processed industrial products. To achieve this goal, it is only through technological upgrading that African countries can increase their productivity.

California passed a resolution calling on the US president and Congress to support the strengthening of Sino US economic relations.

On August 30, 80 members of the House of Representatives of the California State Congress passed Resolution 44 without objection, expressing their active support for the strengthening of cooperation between California and China in the fields of economy, trade, education, tourism, humanities, technology, innovation, climate change and green development, and urging the United States President and Congress to support it. Step up the economic relationship between the United States and China, including California. The motion was presented by Evan Low, a representative of the State Council on behalf of Silicon Valley. The main contents of the motion are as follows:

As California is one of the most important partners of the People's Republic of China in the United States, about 2 million overseas Chinese live in California, there are more than 20 flights a day between California and major Chinese cities such as Beijing, Shanghai, Guangzhou, Xi'an, Chengdu, Wuhan and Qingdao, and there are more than 20 pairs of cities in California and China. Friendly Cities; California and China are committed to green development and play an active role in the field of climate change; China is the fifth largest tourist source in the United States, with nearly 1.5 million Chinese tourists visiting California in 2016; California became the first state in the United States to reach a trade promotion agreement with relevant provinces in China in 2013, and China coexisted in 2017. The US invested 29.4 billion US dollars, of which 4.7 billion US dollars were invested in California; California's trade with China ranked first among all US states; in 2017, California's trade with China amounted to 175.6 billion US dollars, accounting for 27.6% of the total US trade with China; in 2017, California's exports to China amounted to 16.43 billion US dollars, accounting for 12.6% of the total US exports to China; and in the same year, California's The Chinese government attaches great importance to the friendly and cooperative relations with California.

Therefore, the House of Representatives of the California Parliament has decided to actively support the continued coordination and cooperation between California and the People's Republic of China in order to promote mutually beneficial economic opportunities, and to strengthen substantive cooperation in the fields of human exchanges, trade, climate change, education, tourism, science and technology, innovation and green development. The California legislature urged the U.S. president and Congress to support further efforts to strengthen economic relations between the United States and China, including California.

Earlier, the California House of Representatives Committee on Employment and Economic Development held a hearing on the bill on August 27. The Committee passed the bill by five votes in favour, none against and two absent members of the House of Representatives.