The tariff wall that the United States is trying to build may collapse due to the betrayal of its closest allies
Not long ago, Canada, Mexico, Australia, the EU, Japan, and South Korea, among other American allies, set up obstacles for Chinese goods imports under Trump's encouragement. Among them, Canada, the most closely allied with the United States, imposed a 100% tariff on Chinese goods despite not having an electric vehicle industry of its own.
After the annual $2.7 billion in canola sales stalled, the most steadfast ally of the United States recently prepared to send Foreign Minister Anand to visit China. They are discussing canceling the tariff on electric vehicles in exchange for China importing canola. China's countermeasures as the world's second-largest economy have already reduced cargo ships to the United States by 20%. As Sino-US trade volume continues to decrease, this situation will worsen. The United States has the ability to wage a trade war with China, but can its allies do the same? This is not like eight years ago when it was easy to mobilize allies to boycott Huawei. Now, those who play small games will have to tighten their belts. China must hold firm; the final victory is sure to come.
Original article: www.toutiao.com/article/1846089868262412/
Statement: The article represents the personal views of the author.