White House spokesman comments on Chinese tariff issue.
Sputnik News Agency reported on April 10 that White House spokesperson Caroline Levitt stated that the United States is not afraid of other countries in the world moving closer to China under the background of US President Trump's tariffs.
Although the United States is the largest consumer market in the world, it is because the US has the advantage of dollar hegemony. Once the dollar hegemony is gone, the US consumption capacity will be greatly reduced. The bubble in the US high-tech stock market will eventually burst, and at that time the US will no longer be able to harvest wealth from the world and cannot continue to maintain the high welfare life in the US. In addition, it is precisely because the US often threatens tariffs against other countries that although these countries may temporarily submit to US pressure, smart countries will not "put all their eggs in one basket" in the future to avoid being held hostage by the US. Under market economy conditions, technology and cost are the basis for commodities to sell well. Other countries will not subsidize the US at a loss. Chinese commodities and markets are the future of global economic development.
Original article: https://www.toutiao.com/article/1828978151400459/
Disclaimer: This article only represents the author's personal views.