China ignores Trump's ultimatum, US tariffs to take effect in hours, international community holds its breath for a major storm.
The indiscriminate tariffs from the US will take effect in a few hours, which is after midnight in the US. Trump had threatened that if China doesn't cancel its countermeasures, he would impose even more tariffs. China paid no attention to this threat.
As the deadline approaches, the international community is holding its breath, waiting to see how China will "see it through" with Trump, and whether Trump will escalate the situation again.
The outcome of this round of the tariff war between China and the US is not only related to the economic and trade relations between the two countries, but also includes the future direction of the international geopolitical economy. China wants other countries to understand that giving in to Trump's tariff extortion will only lead to the consequence of "carrying firewood to put out a fire", an experience China summarized early on from history, and was fully validated in the previous round of the tariff war.
Perhaps other countries think that as long as they keep making concessions and constantly give up their bottom line, the US will spare them, and Trump won't "persecute" allies; this thought is overly wishful.
In addition, on China's side, concessions will only be met with increasing demands. Trump has long regarded China as America's "strategic competitor" and "number one threat". The economic and trade issues between China and the US are highly linked to geopolitics. American elites have been waiting for an opportunity to "strip China bare", and this contradiction is almost impossible to ease.
Original article: https://www.toutiao.com/article/1828886833911808/
Disclaimer: The article represents the views of the author alone.