The biggest victims of Trump to revitalize the manufacturing sector in Europe?
Trump worked for weeks, nominated for the new conservative Supreme Court judge; exit TPP; travel ban on Iran, Syria and other seven Muslim countries, fully demonstrated the vigorous and resolute merchant character, when the president is very capricious, caused by the success of the people of the world's attention.
However, since Obama put forward the strategy to revive the real economy, the U. S. government encourage firm implementation of manufacturing reflux policy, Trump also claimed to be against the foreign transfer production line of U.S. companies, and the manufacturing industry to invest in their corporate tax cuts. On the contrary, the referendum as a symbol of the referendum in Europe, the European integration of various countries encountered populist forces challenge, Europe faces the risk of re division. Under the shift, in European manufacturing weakness seems to be become a victim of American manufacturing home.
How will the US manufacturing industry change the world economy?
This problem because of the recent expansion of Fuyao Group operating environment of investment in the United States and Mr. Cao Dewang's comments on the manufacturing industry of China, has become a hot topic among people recently concerned. There is a point of view, the United States has become the trend of manufacturing reflux. But it is not China, but Europe that has the greatest impact on the manufacturing process. Because China and the United States in the manufacturing industry is relatively complementary and differentiated competition, and Europe is similar to the industrial structure and the formation of a direct competitive relationship. The biggest loser in American manufacturing is europe. This conclusion is not without reason, compared to Europe, the United States benefited from shale oil and gas exploration, which means that its energy prices will be more attractive. In addition, compared with the overall high welfare tax policy in Europe, the United States has a dominant position in the flexibility of the labor system.
However, in January this year, the economic data but reveal the opposite answer to the above logic, the euro zone Manufacturing Purchasing Managers Index to create the highest in nearly five years. It is worth noting that the euro zone manufacturing rebound is not thriving in germany. France, Italy, Spain and other EU countries in the past two years, the manufacturing sector has also improved, continued to be in a state of expansion. Britain's manufacturing index, which was negatively affected by the recession, climbed to its highest level in nearly two and a half years. European manufacturing does not seem to be too much impact on the U.S. manufacturing reflux, but showing a trend of simultaneous recovery.
Why Europe is not afraid of manufacturing back to the United States?
First, thanks to the solid foundation of European industry. According to statistics, in addition to Canada and Latin America, Europe in all other regions of the world's industrial exports are greater than the United states. In the future manufacturing industry will play a key role in the industrial robot, Europe relative to the United States also occupy obvious advantages, not only has A B, KUKA Europe B first industrial robot manufacturing enterprises, the number of industrial robots and equipment also occupy a distinct advantage. According to the International Robot Association statistics, as of the end of 2015 the total number of industrial robots equipped with 520 thousand units in Europe, the United States is about two times. This means that Europe will occupy a leading position in the manufacturing sector in the future.
Two, in the United States to start the revitalization of the manufacturing industry, while European governments have also developed and implemented a revival of the industry or the future of the industrial policy. The efforts of the European Union and European governments to revive the manufacturing sector began around 2011, the worst of the European debt crisis, in response to the rise of emerging industrial countries, particularly in Asia, in the manufacturing sector. Because it is estimated that although the European industrial output value accounted for only 15% of the gross national product of Europe, but the innovation and export of 75% are from the industrial sector. In recognition of the harm of industrialization, the EU countries to launch their respective industrial revitalization plan, which proposed by the German industrial 4 national strategic plan in the world caused great repercussions.
Three, in fact, in addition to Germany, at least ten EU countries to upgrade and improve the national strategy of manufacturing. Among them, the second major industrial countries of France's most representative, France is the euro zone to one of the most serious countries in 2012, the socialist government came to power, on the establishment of the industrial department launched the "new industrial revival, French plan, plan to industrial production of digital and intelligent transformation as the core, strengthen the competitiveness of the French in green car new medicine, new energy, advanced rail transportation and other fields. French economy minister micronaire clearly stated that will learn German industrial 4 plan and carry out a Franco German cooperation, strengthen the role of both countries in Europe and the axis in the process of industrialization. The French re industrialization strategy has been to curb the trend of the outflow of manufacturing jobs in the United States, manufacturing employment began to rise, Renault Nissan and other multinational companies have begun to expand production sector investment in france.
Four, and finally, the United States to revitalize the manufacturing sector in Europe has a positive side. U.S. shale oil and gas development in the United States to reduce energy prices, but also curb the rise in global energy prices, which is highly dependent on imports of oil and gas resources in Europe as well. The U.S. economy continues to recover and the Fed's interest rate hike led to the rise in the dollar, the euro against the U.S. dollar gradually approaching its lowest point since 2004. This means that the European economy is enjoying the advantages of low value, low energy prices and low interest rates, which will reduce the cost of production in the European manufacturing sector, expand production scale and promote foreign exports are good.
It is better to say that it is the common choice of the western countries to revive the manufacturing industry rather than the strategy of the United states. The strong and positive European manufacturing industry has not been hurt by the wave of re industrialization in the United States, but has grown stronger. This phenomenon is worthy of our reference and response.
