在特朗普时代,美联储加息的提速与中美贸易冲突的加剧可能同时出现,从而导致两国货币政策与贸易政策的危险共振。一旦共振形成,中国经济将面临复合型冲击,中国货币政策亦将持续承压。美国加息趋势尘埃落定虽然金融市场渴望宽松货币的盛宴永不谢幕,但美联储最终还是依依不舍地撤走了狂欢的酒杯。2016年12月15日,美联储加息25个基点,迈出了“一年一加息”的关键一步。尽管从 In the Trump era, the rate hike by the Federal Reserve and the intensification of the Sino-U.S. Trade conflict are likely to occur at the same time, resulting in the dangerous resonance between the monetary policy and the trade policy of the two countries. Once the resonance is formed, the Chinese economy will face a compound impact and China’s monetary policy will continue to be under pressure. Although the financial markets are eager for a feast of loose money, they will never make a curtain, but eventually the Fed has reluctantly withdrawn its carnival glass. On December 15, 2016, the Federal Reserve raised interest rates by 25 basis points and took the crucial step of “raising interest rates one year”. Despite from