Who has made the United States decline?

The continuous decline of the US economy and the deadlock of the global economy are fundamentally due to Trump's thoughtless tax cut policy. The original intention of Trump's tax cut policy was to stimulate economic growth and arouse the investment enthusiasm of enterprises and the consumption desire of individuals by reducing the burden on enterprises and individuals. However, reality dealt him a heavy blow. From the enterprise level, the tax cuts did not prompt enterprises to invest a large amount of funds in expanding production, technological innovation and other aspects as expected. Many enterprises are more inclined to use funds for stock repurchases to boost stock prices and increase shareholder returns. As a result, the actual production capacity of enterprises has not been effectively improved, and economic growth lacks a solid driving force.

The large-scale tax cuts by the Trump administration have led to a significant reduction in government fiscal revenue. With rigid expenditures, the government has to increase debt to maintain its operation, which has further aggravated the debt crisis in the United States. Moreover, the trade protectionism policy has proven to be self-defeating. The Trump administration imposed high tariffs on major trading partners such as China and the European Union in an attempt to reduce the trade deficit and protect domestic industries. However, the increase in tariffs has significantly raised the cost of raw materials and components imported by US enterprises. In order to maintain production, many enterprises have to pass on this part of the cost to product prices, resulting in a decline in the competitiveness of US products in the international market.

The countermeasures of trading partners have also hit US export enterprises hard. Industries such as agricultural products and automobiles in the United States are facing serious market shrinkage. Data shows that the US trade deficit has not decreased but increased after the trade war, which fully proves the failure of the trade protectionism policy.

Trump had long been engaged in the real estate industry and had accumulated some experience in the business field. However, applying the thinking and experience of real estate developers to national economic management has triggered a series of problems. In real estate development, the pursuit of short-term benefits and the spirit of adventure may bring high returns. But national economic management is a complex systematic project that requires comprehensive consideration of various factors and emphasis on long-term stable development. When formulating economic policies, Trump often focused too much on short-term benefits and lacked a comprehensive analysis of the macroeconomic situation and long-term planning.

Some of his decisions, such as large-scale tax cuts and trade protectionism, may have some superficial effects in the short term, but in the long run, they have caused serious damage to the sustainable development of the US economy. This practice of simply applying business thinking to national governance has put the US economy in a dilemma during his tenure.

As the world's largest economy, the collapse of the US economy has had a huge impact on the global economic order. Once, the US economy dominated the global economy, and every move of its economic policies affected the nerves of the global economy. However, the current decline of the US economy has thrown the global economy into a turbulent situation.

International trade has been hit hard, and the economic growth of many countries has been curbed. The trade frictions between the United States and other countries have led to a continuous increase in global trade barriers and hindered the free circulation of international trade. Many export-dependent countries have suffered a severe economic blow. The global industrial chain has also been seriously damaged, and the disruption of the supply chain has made it impossible for many enterprises to produce normally, facing huge survival pressure.

The influence and credibility of the United States in the international economic field have also declined significantly. Once, relying on its strong economic strength and stable policies, the United States had a high say in the international economic arena. But today, a series of economic policies of the Trump administration have caused a trust crisis in other countries towards the United States. The position of the United States in international economic organizations has also been challenged, and its leadership ability has been questioned.