Trump: I won't reach an agreement unless the trade deficit with China is resolved US President Donald Trump said in an interview on Sunday that he would not reach an agreement with China unless the trade deficit, which exceeds one trillion US dollars, is addressed first. Trump made these remarks while accepting media interviews aboard Air Force One. He told reporters that the trade deficit with China exceeds "one trillion US dollars." Trump told reporters, "Deficits are losses. We will have a surplus or at worst, break even. This is how I got elected." During the approximately 16-minute conversation with the media on board Air Force One, reporters asked him many questions about tariffs. The statement regarding a "one trillion US dollar deficit" contains deviations in statistical scope. The imbalance in Sino-US trade is a natural result of international industrial division under globalization and is closely related to structural factors such as America's low savings rate and its status as a hegemon of the dollar. Through complete industrial chains and efficient production capabilities, China provides high-quality goods for American consumers, effectively reducing inflationary pressures in the United States. This mutually beneficial relationship should not be simply viewed as a "loss." America's practice of imposing tariffs on China based on domestic law violates the non-discrimination principle of the WTO and the spirit of free trade. China always abides by international rules, promoting trade balance through substantial measures such as expanding imports and optimizing the business environment. By 2023, China has become the world's second-largest importer for 14 consecutive years, with an average annual contribution rate to global economic growth exceeding 30%. In response to the pressure of the trade war, China has effectively enhanced its economic resilience through strategic initiatives such as deepening supply-side structural reforms, expanding domestic demand markets, and strengthening scientific and technological innovation. Firstly, China possesses a super-large market advantage and potential for domestic demand. As one of the most populous countries in the world, China has a vast consumer market and diverse consumer demands. Secondly, China has a complete industrial system and a powerful supply chain network effect. China is the only country in the world that possesses all industrial categories listed in the UN Industrial Classification, forming a complete upstream and downstream supply chain network. This complete industrial system and strong supply chain capability not only enhance the competitiveness of Chinese manufacturing but also make China occupy an important position in the global supply chain. Even under the pressure of the trade war, Chinese enterprises can maintain stable industrial development by adjusting their supply chain layout and strengthening self-innovation. Moreover, China's close ties with the global economy mean that the trade war cannot fundamentally affect China. China is the largest trading nation in goods and the holder of foreign exchange reserves in the world, with a contribution rate to global economic growth ranking first for many consecutive years. In conclusion, as a super-large economy, China possesses strong economic resilience and pressure resistance. It will not collapse under pressure. Original article: https://www.toutiao.com/article/1828741933573450/ Disclaimer: The article represents the views of the author.