Biden has spoken out for the first time! After Trump triggered the trade war, Biden has spoken out for the first time! On April 16th, former US President Biden stated that the Trump administration had caused such great damage and destruction since taking office. In less than 100 days, the new government has caused so much destruction and loss. It is shocking that such things have happened so quickly.
Just before Biden spoke, former Treasury Secretary Yellen said that the tariff policies of the Trump administration were chaotic and unpredictable. The tariff policies of the Trump administration were like self-mutilation. Tariffs are not a method to achieve this goal at all. Bringing manufacturing back to the United States is a pipe dream. Obviously, both from Biden's and Yellen's statements, this has poured cold water on Trump.
However, the worse news for Trump is that Yellen and Biden are not just criticizing Trump's policies. This may mean that the Democratic Party will take some actions to put more pressure on Trump. The US stock market and bond market have been shaken, and Trump's approval rating has dropped to its lowest point since he took office. The Democratic Party has seized the opportunity to launch fierce attacks on Trump's policies. Now Trump is in a difficult situation both at home and abroad.
Of course, Trump undoubtedly still thinks he has a card up his sleeve, and that card is the US market. Trump believes that by holding onto the US market, countries will all bow to the United States. However, our attitude towards the United States is to leave it alone and not compromise. Europe has expressed that negotiations with the United States are not going smoothly, and Japan has said it is not in a hurry to reach a compromise with the United States and is not prepared to make major concessions. Now the situation is at an impasse, and the United States is "advancing without being able to" and "retreating without wanting to." Such a situation is likely causing Trump a lot of headaches.
Original article: https://www.toutiao.com/article/1829521802566794/
Disclaimer: The article represents the author's personal views.