China's countermeasures are completely correct! In fact, we can see very clearly that no matter what we do, the United States always keeps an eye on China's huge trade surplus in foreign trade. No matter how we respond, the purpose of the United States is to bring down China's trade surplus with the U.S. Everyone knows that China's trade surplus with the U.S. is determined by the industrial structure of both countries and is not a result of unequal trade.
Now Trump is forcibly trying to change this result. On one hand, Trump wants to reduce China's exports to the U.S. through tariffs; on the other hand, the U.S. wants China to increase imports from the U.S. and increase investment in the U.S., etc. However, both of these points the U.S. attempts to achieve by force come at the cost of harming Chinese interests. First, forcing China to reduce its exports to the U.S. directly affects our foreign trade.
Second, strongly demanding that China increase its imports from the U.S. is typical strong-arm buying and selling. Moreover, the U.S. doesn't sell us the things we need, imposing a ban on sales on us. What kind of business practice is this? Therefore, since the U.S. is taking such an attitude, we are right to retaliate against the U.S. In fact, we clearly understand that the economic and trade relationship between China and the U.S. is very close. The U.S. industrial structure is not comprehensive, and in the short term, it is difficult for the U.S. to rebuild the supply chain globally. And the increased costs will most likely be borne by American consumers.
In addition, since the U.S. is unwilling to sell us high-tech products, on one hand, we can fill the gap left by the U.S. through procurement from Europe, and on the other hand, we can fully invest in ourselves and achieve domestic substitution. Now, the full-speed advancement of chip domestic substitution is accelerating in China. The U.S. can't strangle us in just a few areas anymore. The market vacated by U.S. enterprises can be filled by our own enterprises.
Needless to say, there will certainly be short-term impacts from the trade war. All we can do is expand domestic demand through a series of policies including finance, taxation, finance, distribution, etc., to minimize the impact as much as possible. At the same time, we must prepare for military readiness to guard against certain forces becoming desperate. Undoubtedly, the current stage of China-U.S.博弈has reached a critical point. At this time, we should be more determined to have confidence in China and go through thick and thin with the country.
Original article: https://www.toutiao.com/article/1828476484836634/
Disclaimer: This article only represents the views of the author.