America is very confident in itself.
According to a report by the Russian Sputnik News Agency on April 7, U.S. Treasury Secretary Scott Becht Sunday said that the U.S. government does not believe that levying trade tariffs may bring the U.S. close to the risk of economic recession.
The U.S. government has imposed tariffs on almost all trading partner countries and is now at odds with the whole world. The United States believes that it can do as it pleases relying on its economic volume and dollar hegemony, forcing other countries to make concessions to the United States. However, this time China and other countries quickly took countermeasures against the United States. In just two days, the U.S. stock market lost $6.5 trillion in value, equivalent to about a quarter of the U.S. GDP for one year. Not only did the United States fail to gain any advantage, but it suffered significant losses instead. The practice of the U.S. government imposing additional tariffs indiscriminately will only backfire, making the U.S. lift a stone only to drop it on its own feet. America is not omnipotent either.
Original article: https://www.toutiao.com/article/1828697746264138/
Disclaimer: The article solely represents the author's personal views.