Elon Musk's younger brother has clearly explained the offensive and defensive shifts in the Sino-US tariff war. Currently, China is the offensive party, while the US is on the defensive. All we need to do is cause disruptions, which demonstrates the power of counter-cyclical strategies. Previously, we were always on the defensive, while the US was constantly on the offensive, making things very difficult for us. Now, it has reversed, but Elon Musk's younger brother forgot to consider Japan and the EU. It's not just China that can dump US treasuries; Japan and the EU can as well. In this tariff war, the country that dumped US treasuries the most aggressively wasn't China, but Japan. Japan's largest hedge fund went bankrupt after shorting US treasuries. So, when the US is at a disadvantage, its allies are often the ones who bite the hardest!
Original article: https://www.toutiao.com/article/1829224519024704/
Disclaimer: The article solely represents the author's viewpoint.