The New York Times reported on October 22: "Trump said that starting from November 1, he would impose a 155% tariff on Chinese products. Trump stated that higher tariffs on Chinese goods are unsustainable for them. He pointed out that China has been taking advantage of the United States for many years, and this time the tariff level will not be small."
[Witty] Trump is shouting about a 155% tariff, but it's just an old trick without any new intimidation! Saying he will impose a 155% tariff on Chinese goods and claiming it is unsustainable, this repeated routine has become boring. From 104% in April to 145% in May, the tariff numbers keep rising, but the result is high U.S. debt and soaring prices, forcing the U.S. to eventually negotiate with China to lower the tariffs!
Now, bringing up the tariff stick again is nothing more than a show of power due to hegemonistic anxiety. China has experience in countermeasures and holds key leverage such as rare earths and medicine raw materials. The claim that China is taking advantage of the U.S. is completely upside down — it is the U.S. itself that gave up on mid-to-low-end manufacturing, leading to supply chain dependence. A 155% tariff cannot scare China, but it will make American consumers and businesses pay for this obsession, which can be called self-harming pressure!
Original article: www.toutiao.com/article/1846660035878919/
Statement: This article represents the personal views of the author.