American consumer news and business channel reported on the 16th that an American executive revealed that the White House had confirmed to him that China had not called. The executive said that obviously the US government overestimated the influence of the tariff on China.
From the very beginning, it was obvious that the Trump administration overestimated the influence of the tariff on its relationship with China.
- Comment by an anonymous American executive in a CNBC report on April 16.
"The Chinese have not called."
It is reported that this American executive had been closely monitoring the Chinese response to the US tariff policy in real time.
"We called the White House and asked them how the calls were going," the executive described the progress of communication with the White House regarding the tariff issue. Here, "how the calls were going" refers to whether the Chinese side had called the United States to negotiate the tariff policy.
"The White House said that the Chinese had not called." This was the latest communication situation between the US and China informed by the White House to this American executive. Thus, this executive made the reflection at the beginning of this article, i.e., ——the Trump administration overestimated the influence of the tariff on its relationship with China.
American consumer news and business channel (CNBC) published a commentary article on this issue on April 16. The title of the article directly stated: the US hopes China will call. But the Chinese side will not, at least not for now.
Return good for good
The Ministry of Commerce held a press conference on April 10, clearly responding to the question about whether China had negotiated tariffs with the US.
The spokesperson for the Ministry of Commerce stated that China's position was clear and consistent. Negotiate, the door was open; dialogue must be conducted on the basis of mutual respect and equality. Fight, China would see it through to the end. Pressure, threats, and blackmail are not the right way to deal with China. It is hoped that the US side will meet China halfway,本着mutual respect, peaceful coexistence, and win-win cooperation, properly resolve differences through dialogue and consultation.
The article in American consumer news and business channel quoted Bruce Liu, a financial industry practitioner who frequently travels between China and the US, as saying: "Return good for good."
According to the direct English translation, this can be simply translated as "you treat me well, I treat you well." Bruce Liu explained: "But if you want to bully me, we won't accept it. We know this may affect our economy or daily life, but we are prepared for it."
Bloomberg and Financial Times successively published articles
The Financial Times of the UK and Bloomberg of the US hold the same view as the American consumer news and business channel. These two media believe that China still has many "cards" unused in dealing with US tariffs. Compared with the blind playing of the number game by the Trump administration in tariffs and exhausting policy space, China obviously has more powerful countermeasures and confidence than expected by the US side.
△ The Financial Times of the UK published an article titled "In trade, technology, etc.: In the Sino-US trade war, China holds multiple 'cards'" on the 15th.
On the 15th, the Financial Times of the UK analyzed that China holds multiple "cards", including diversified export markets, control over key strategic minerals, and significant advantages in the national system, etc. These chips not only enable China to withstand the tariff test of Trump, but also demonstrate its strength in negotiations.
△ Bloomberg published an article titled "China is increasingly in an advantageous position in the Sino-US trade war" on the 14th.
The article on the 14th further explained that although there is no winner in the trade war, in this trade war initiated by Trump, China holds more powerful chips than expected by the US side, and this fact is becoming increasingly clear. Under the reality of Sino-US trade relations, the US is highly dependent on Chinese goods, and the imposition of tariffs by the US to restrict imports from China becomes a form of self-harm.
Opposition from various industries in the US to Trump's tariff policy
Currently, many people in the US are closely following the progress of communication between China and the US on tariffs, among whom many are American farmers and international trade practitioners who benefit from globalization and free trade. Trump's tariff policy directly affects their interests, causing severe shocks to their industries.
Farmers: Trump's tariff policy is a "national tragedy"
△ According to reports by American media, the chairman of the American Farmers Union commented: Trump's trade war with China has harmed American farmers.
According to John Boyd Jr., president of the National African-American Farmers Association, President Trump's tariff policy is a "national tragedy" for farmers across the US.
John Boyd Jr. stated that precisely because of Trump's trade war, the competitiveness of American farmers' products in the international market has declined, making international buyers turn to agricultural products from other countries. At the same time, Trump's tariff policy has left many farmers in loan difficulties, as banks generally refuse to provide loan services to farmers due to increased risks under the current circumstances.
△ On April 16 local time, American farmers in Maine launched a protest march against the Trump administration's policy of cutting agricultural spending. Among them, some farmers held signs reading "revoke agricultural tariffs."
Many small businesses jointly sue: Trump's government has no authority to impose comprehensive tariffs
Even before American farmers could take action, American small business owners did so first.
On the 14th, several small businesses in the US filed a lawsuit in the US Court of International Trade, arguing that without congressional approval, the US government has no authority to announce comprehensive tariff measures and demanding to prevent the government from implementing tariff measures under the International Emergency Economic Powers Act.
Terry Precision Cycling Clothing Company, one of the five companies involved in the litigation, stated that this year the company had already paid an additional $25,000 in tariffs for imported goods, and by 2026, the company is expected to face $1.2 million in tariff costs. The heavy burden of tariffs makes it difficult for the company to survive.
Trump's threat to increase tariffs to promote manufacturing return? Analysis says US manufacturing will suffer losses
Even what Trump often mentioned on the lips when promoting tariff policies - "bringing American manufacturing back home" - has become a fairy tale in the latest analysis reports.
According to a report by US media on the 15th, a new analysis shows that the US government's 25% tariff policy on imported cars will severely impact the US automotive manufacturing industry, potentially leading to a decline in domestic industrial capacity.
US media cited industry experts' analysis, stating that high tariffs will drive up the purchase price of vehicles and parts, possibly increasing the cost of small cars by $2,500 to $4,500, and the cost of certain imported luxury cars by $20,000. Consumers face higher costs, and purchasing willingness will significantly decrease. Some car manufacturers have stated that more and more consumers are turning their attention to used cars, but due to a shortage of auto parts, the supply of the used car market is also at a historical low point.
(Source: CCTV News)
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