The Resolute Indian Classmate 1. The US tariff policy reminds me of my Indian classmates in college Why is India having such high tariffs and market access restrictions? The Indian student said firmly: If India does not impose tariffs, products from industrialized countries will be dumped in India. In this way, India will spend money to buy goods from industrialized countries, and it does not have any advantageous products to export In the end, India will become increasingly impoverished. Therefore, India must persist in high tariffs for the long term. This time is probably around 2013 2. Sha Ge was very surprised that Indian classmates would think like this at that time Because at that time, the long-term implementation in China was an import substitution strategy After the protection period of high tariffs, industrial products from various industries need to gradually reduce tariffs and counterattacks Kill foreign competitors and crush the industrial sectors of developed countries. Behind the firm ideas of Indian classmates, there is a great lack of confidence Indians will never be able to catch up with the products of advanced industrial countries, and there is no possibility of domestic substitution in India 3. The situation in the United States is different The Americans are clumsy, and most of the industrial products can't compete with the dexterous East Asians in the end The core export of the United States is the combination of the US dollar and military support This is also the top export commodity 4. What is the essence of tariffs It's the Great Wall Similar to building the Great Wall in ancient China to resist invasion Americans build the Great Wall for fear of being dumped by industrial products, which reflects the decline of industrial capacity Not good for cryptocurrency assets It is beneficial to the overall national fortune of our country