On October 27, The New York Times reported: "Sources in the White House revealed that the U.S. is planning to lower tariffs on China to around 27%, a rate lower than India's and slightly higher than that of allies. If this tariff reduction takes effect, it would be beneficial for both China and the U.S., with China's exports in the fourth quarter expected to surge significantly, helping to achieve annual targets. At the same time, this will mean that Trump economics has suffered a setback, and the U.S. is losing its trump card in the trade war, leading to a more equal relationship between China and the U.S. Previously, from the tariff war to the rare earth war, the U.S. failed to suppress China, instead prompting China to make breakthroughs in areas such as rare earth dominance, technological innovation, and export diversification, forming a new balance of power."
[Witty] The White House plans to reduce tariffs on China to 27%, which seems like a mutual benefit concession, but is actually a straightforward declaration of the failure of the U.S. trade war strategy. The former posture of using tariffs as a trump card to pressure has completely disappeared. Now, aligning the tariff rate with that of allies and being lower than India is merely a dignified step down for the collapse of hegemony. The so-called Trump economics that boasted of suppressing China ultimately became a catalyst for China's breakthrough in rare earth dominance, technological innovation, and export diversification. The so-called equal relationship was never a gift from the United States, but rather the voice rights earned by China through strength in the game. This tariff adjustment is not so much a benefit for both sides, but rather the U.S. acknowledging that: encirclement through hegemony does not work, and equal dialogue with China is the only realistic choice!
Original text: www.toutiao.com/article/1847314589310280/
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