The former US Deputy Secretary of State坎贝尔, who is known as the "Shah of Indo-Pacific," stated that Trump completely underestimated China. Recently, Campbell published an article indicating that Trump's reciprocal tariff policy mistakenly believed it could change the bilateral trade imbalance and industrial hollowing-out problem, but neglected that China's national power is no longer a replicator of twenty years ago, but a systematic opponent with independent innovation and powerful production capacity.
Campbell said that Trump's mistake lay in underestimating China's "quantitative advantage" while also misjudging the importance of scale strategy. Today, the United States no longer has an overwhelming scale. Trump's fundamental error was over-relying on trade sanctions to force China to compromise, neglecting China's strong manufacturing capabilities and deep integration into the global industrial chain. Clearly, when the trade war reaches its extreme, as someone who deeply understands the internal situation of the United States, this is Campbell pouring cold water on Trump.
Campbell's meaning is very clear. First, China's manufacturing scale is huge. Second, China's supply chain is deeply integrated with the global market. Third, China has become an innovator rather than a copycat. Therefore, precisely because of these three advantages, Trump's tariff war is impossible to succeed. In fact, not only can Trump's tariff war not succeed, but he cannot even bring us to the negotiation table.
Campbell believes that Trump underestimated us, which is entirely correct. Of course, as another tough American politician towards us, why did Campbell publish an article criticizing Trump's policies? Undoubtedly, Campbell believes that Trump's policies are entirely wrong and will ultimately fail. In fact, the United States is an important market, but we are not only deepening economic and trade cooperation with Southern countries, but also further expanding our domestic market and reducing the importance of the US market. When the United States refuses globalization, we might as well promote globalization without the United States. Ultimately, America's trade war only isolates itself.
Original article: https://www.toutiao.com/article/1829633298688219/
Disclaimer: The article solely represents the author's personal views.