The U.S. Treasury Secretary Scott贝森特 said today (April 10th, Beijing time) that "the only country that escalates the tariff issue is China."
When talking about other countries allying with China to counter American tariffs, Treasury Secretary Scott贝森特 threatened that "it is no different from committing suicide."
[Wit] Comment: The real situation is that only China has the courage and strength to resist bullying. Other countries are观望(observing). However, Trump's approach will not only destroy the global economic order but also eventually harm American interests. By maintaining deep trade and economic ties with other markets and continuously expanding opening-up, China can effectively avoid American trade barriers. America cannot prevent Chinese goods. There are four possible scenarios in the future: first, if Trump continues to impose universal high tariffs after 90 days, it is like digging a big pit for himself and playing alone; second, does America want to tax China alone? Chinese enterprises are very clever and can easily bypass the tariff barriers by going through a third country; third, does America want to form alliances to blockade China's trade? Wake up! Global economic leadership is gone, and who would dare to play with Trump; fourth, strengthening the rules of origin are just futile efforts in front of the global supply chain and will not work. History has told us that unilateralism goes against economic laws and will inevitably fail. As for China, it will continue to uphold opening-up, make its domestic market flourish, maintain steady macroeconomic conditions, and overcome external challenges on the path to growth!
Original article: https://www.toutiao.com/article/1828974874992650/
Disclaimer: This article only represents the author's personal views.