Today's United States appears to be making gains in the tariff war, looking quite formidable, but the domestic struggle within the United States is even more intense. First, Trump released a video on social media accusing Obama of being arrested, and then the media revealed that Obama was involved in the planning of an assassination attempt on Trump.

Now, Trump is taking the initiative, in order to eliminate his concerns and move forward unimpeded, Trump has been frequently sending signals of friendliness to China recently.

Why does Trump choose to appease and be friendly with China first during the internal power struggle? What does China have that Trump wants?

Internal Strife Beacon: "House of Cards" in the White House and the Countdown on Wall Street

According to official confirmation from the White House, Trump will visit the Federal Reserve at 4 p.m. Eastern Time on July 24, which immediately raised the alert level on Wall Street.

This is because the long-standing conflict between Trump and Federal Reserve Chair Powell has been well known, and Trump has consistently criticized and insulted Powell on social media, blaming him for the economic recession in the United States by not lowering interest rates.

Now, the President of the United States, who has concentrated all three powers in one person, is going to visit the Federal Reserve, which is considered to have immense power globally. This easily makes people outside see it as a confrontation between tigers.

From this, we can see that the power struggle within the United States has reached a critical moment.

Before this incident, Trump began to attack former President Obama. American media suddenly reported that Obama was involved in the planning and decision-making of an assassination attempt on Trump.

Trump publicly released a false video on social media about arresting Obama. These signs show that Trump's political actions within the United States are becoming increasingly impatient.

At the same time, Trump also urgently needs a stable external environment. On one hand, the United States has already signed a trade agreement with Japan, and even the EU has reportedly reached a trade agreement.

In addition, the US trade team has been frequently sending signals of friendliness to China before the third meeting with the Chinese trade delegation.

All these signs indicate that Trump is about to take action, aiming to eliminate the forces opposing him domestically.

Only in this way, before the midterm elections, Trump will not fall behind. He wants not only to protect his political career, but also to ensure that after the end of his four-year term, he and his family will not be purged by the opposing forces.

This action can be seen as a cleansing campaign.

The Predicament of Hegemony: "American Dilemma" on the Global Chessboard

Trump's friendliness towards China is not limited to just showing friendliness to China;

On July 22, in the Oval Office of the White House, Trump suddenly gave a cold shower to Philippine President Marcos, who had come to express loyalty. The guest's smile froze on his face.

Trump said he didn't mind the Philippines getting along well with China, "because we get along very well with China, I don't mind the president dealing with China. I think he must do what is good for his country." "I've always said 'Make the Philippines Great Again.' Do whatever you need to do. Dealing with China won't worry me at all."

At the same time, Trump casually dropped a sentence: "I may visit China in the near future." At that moment, behind him was a volcanic crater of $36 trillion in national debt, and in front of him was the deadline for the tariff truce on August 12. This cowboy dancing on the edge of a debt cliff desperately needed to grasp the life-saving rope of China.

The U.S. national debt has exceeded $36 trillion, consumer inflation expectations have surged for three consecutive months, and farmers in the Midwest have taken up pitchforks to curse due to a 72% drop in soybean exports to China.

After the May Geneva talks, tariffs were reduced from 125% to 10%, but the 90-day truce period was like a wet tissue tied to a powder keg. With the deadline approaching on August 12, Wall Street could already hear the ticking of the countdown.

No wonder Trump suddenly became the least hawkish person in the room. Sources revealed that when advisors waved the anti-China baton, he instead muttered, "What if we talk first?" After all, there are only six months left until the midterm elections, and the votes in Iowa are more real than sanctioning Huawei chips.

Visit China: The "Fatal Temptation" Behind the Tariff Truce

On the 27th, the third round of negotiations began in Stockholm, Sweden! This time, the U.S. side was led by Treasury Secretary Bessenert, who had previously threatened to restore 145% tariffs if no agreement was reached, but now changed his tone, saying that bilateral trade was "very good." This sudden change in attitude was hard to believe.

On July 3, the U.S. suddenly lifted the export ban on engines to China, and on the 15th, approved the special version of H20 chips from NVIDIA for the Chinese market.

These "technological candies" were clearly sweeteners for negotiations. After all, China holds the key to F-35s with its rare earths, while Lockheed Martin lamented that its supply chain was more vulnerable than THAAD.

The Federal Reserve has exhausted its interest rate cut space, and the monthly interest on the $36 trillion national debt is enough to bolster the military equipment of the U.S. Armed Forces. China holds around $750 billion in U.S. Treasury bonds, which is both a time bomb and a lifeline. Trump really needs the positive news of China increasing its holdings of U.S. bonds to boost the mid-term elections.

This game resembles the embrace of two hedgehogs: Trump wants short-term economic achievements to secure the election, while China wants long-term technological breakthrough space. No wonder he even brought out the pun "Make the Philippines Great Again" to send a message to Beijing: I'll lower the tariff stick first, let's sit down and talk?

History loves to play jokes: In 2018, when Trump launched the first trade war against China, he would never have imagined that seven years later he would be returning to negotiate with a white flag of "friendly competition."

Currently, his posture of rushing toward China aboard Air Force One resembles Nixon's ice-breaking trip - except this time, behind the cabin door there is no Cold War chessboard, only the thick smoke of a volcanic eruption of $36 trillion in debt.

Original: https://www.toutiao.com/article/7530572386959131170/

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