The Trump Administration's Tax Reforms, The Size Of The National Debt, And The US's China Policy

Since the end of the Cold War,market economy has established around the world with a global expansion of capital.Economic factors have increasingly affected international relations,foreign policy,and national strategies.The scope of influence of economic policy also extends from the traditional economic areas to the field of international relations and foreign policy.Trump's tax cuts have played an important role in political stability and comprehensive national strength,which in turn has a restrictive and disturbing effect on US foreign policy.Domestic research on the impact of Trump's tax reform is mostly focus on the perspective of fiscal taxation.Most of the researches of economic and trade relations between China and United States have focused on the trade structure,while the analysis of the linkage between Trump's tax reform and US foreign policy has been less.Based on the international background and macroeconomic conditions introduced by the tax reform,this article try to analyze the impact of Trump's tax reform on US debt and foreign policy,with a series of political and economic chain effects such as Trump 's tax reform on the U.S.fiscal deficit and the sustainability of the national debt.It will also clarify the linkage between Trump's tax reform and US national interests,using national interest theory,and analyzes the inevitable factors of Sino-US trade conflicts from the perspective of national interests,and then proposes methods to understand and predict the direction of U.S.policy toward China.In general,the definition of national interest is the basis for US foreign policy formulation,and tax reform is a barometer of national interest.The tax reform has strengthened the economic competitiveness and comprehensive national strength of the United States,formed a siphon effect on global capital,squeezed the development space of potential competitors,and played a positive role in maintaining the status of the United States as the world's leading superpower.However,the tax reform has led the US debt increasing,made a large global concern about the creditworthiness of the US dollars.The debt interest trap and possible sell-off behavior by major creditor countries such as China and Japan pose a potential threat to US debt security,which will affect the US's economic,military,and technological leadership in the world.In addition,this article also believes that domestic political factors affect the formulation of US international economic policies,and that Trump's tax reform reflects the Republican Party's ruling philosophy and the impact of interest groups on policy making.In the specific analysis of national interests,it is necessary to distinguish between consistent interests,coordinated interests,and conflicting interests,and then grasp which types of interests occupy the dominant position in Sino-US interest relations.At the same time,we should pay attention to the issue of cross-cultural communication when interpreting information and predicting policies.