Trade War
US & China
What it is?
Donald Trump and its trade war During his election campaign, President Donald Trump threatened to impose 35% to 45% tariffs on Chinese imports to force China into renegotiating its trade balance with the U.S. The immediate result of that would be a fierce trade war.
When a car is sent to the United States from China, there is a Tariff to be paid of 2 1/2%. When a car is sent to China from the United States, there is a Tariff to be paid of 25%. Does that sound like free or fair trade. No, it sounds like STUPID TRADE - going on for years!
Retwitter Count: 1448
Good Morning America! Today, many of you in the midwest who voted for Trump are finding out that China has implemented 25% tariffs against 128 US products, many of which you, your family & your friends make How do you feel about your vote now? PS. It's only going to get worse!
Retwitter Count: 910
We are not in a trade war with China, that war was lost many years ago by the foolish, or incompetent, people who represented the U.S. Now we have a Trade Deficit of $500 Billion a year, with Intellectual Property Theft of another $300 Billion. We cannot let this continue!
Retwitter Count: 635
President Trump¡¯s trade war means that 90 percent of California¡¯s leading nut and fruit exports are hit with retaliatory tariffs. The president¡¯s misguided actions are already causing real harm to our agricultural community, and additional tariffs could bring even more damage.
Retwitter Count: 608Opinion Leaders
The group of influencers, and they have a large, active audience that consumes and multiplies the content published by the influencer.
You cloud click the circle to see the name, you can also drag them.
The larger the cicle, the more followers this user has.The color represent the attitude of the user towards the topic.
The netword relation represent the retweets relation. The center is the original tweet, children are the people who retweet.
Sentiment Analysis
VADER (Valence Aware Dictionary and Sentiment Reasoner) is a lexicon and rule-based sentiment analysis tool that is specifically attuned to sentiments expressed in social media
LDA Model
Explain the data's similarity from the unobserved groups.
After we get key-words for negative and positive topics we draw the word cloud on the left-hand side.
For Negative topics:
The large “Trade War” and “Trump” represent people’s concerns about the President Trump’s announcement about the tariffs which triggered the Sino-US trade war. Many people expressed the concerns regarding the stock market. Dow Jones plunges more than 724 points. This trade war put Wall Street into panic.
Another concerns is regarding the agriculture, To fight back, China impose 25% duties on imports of the commodities. As an agricultural exporter, U.S. suffered from the increasing tariff of exporting “soybean” to China. It threatened the food consumption which is inelastic demand in China. However, “Mexico” may benefit from the trade war since it can export more soybeans and pork to satisfy China’s demand of agricultural products. That’s not good news for “farmers” since they may face higher price but lower sales.
For Positive topics:
On the other side, as a main “steel” importer, U.S. increased the tariff of steel to 25% and limited the investment of technology corporations from China. The possible “manufacturing” “job” became the hot discussion topic. China’s technology and steel industry faced a lot of problem for entering the U.S. market.
Business Insights
The relationship between the public's sentiment and Dow Jones Industrial Average.
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