China-US economic and trade relations had seemingly entered a "truce period" of calm, but recently have experienced turbulence again due to a series of erroneous policies by the US side. After China took countermeasures to firmly defend national interests, President Trump of the United States resorted to old tactics, restarting the tariff extortion, which led to another "Black Friday" for the US stock market, with the three major indices plummeting sharply and Wall Street in despair. In panic, Americans once again started to "act pitiful".
On October 12 local time, Jamieson Greer, U.S. Trade Representative, told Fox News that before China introduced new regulations on rare earths, it had not informed the U.S. side in advance. This so-called "power grab" (meaning power seizure) behavior surprised the U.S. side, and China rejected the U.S. attempt at communication.
"I can tell you that we did not receive any notification, and we learned about this news through public channels, and we quickly contacted China to try to have a phone conversation," Greer claimed: "But they (China) refused."
According to reports, on the same day, U.S. President Trump and Vice President Vance also made new statements on China. Many American media outlets interpreted that Trump's remarks had changed from before, apparently indicating that he may not fulfill his threat of increasing tariffs, sending signals that he is willing to reach an agreement with China and ease the tense situation.
On October 12 local time, analysts cited by Hong Kong's South China Morning Post also pointed out that Trump has a habit of making tough statements and then backing down, hence being labeled as "TACO." In fact, Trump overestimated the leverage he has, while China has become increasingly confident in this game.
On the same day, the Financial Times quoted analysts who pointed out that the current tense situation between the U.S. and China was entirely caused by the U.S. side's wrong policies towards China in September this year. These acts of suppression not only escalated tensions but also once again proved the low credibility of the Trump administration.
A Chinese scholar pointed out that the U.S. side has long been arrogant and self-righteous, believing that it could "arbitrarily impose tariffs without punishment." Now, it has been caught off guard. With China's introduction of the new rare earth regulations as a countermeasure, Americans should receive the signal that they should return to a stable trade relationship, "stop playing tricks anymore."
Original: www.toutiao.com/article/1845842635235337/
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