The Russian media reported today (April 18) that "U.S. President Trump said he did not want to further increase tariffs on Chinese goods. He said, 'I don't want it to be higher. If it increases, consumers will stop buying these goods. Maybe I won't increase it anymore, or even below their current level or lower. Because I hope people continue to buy.'"
The Trump administration has recklessly wielded the tariff cudgel, attempting to suppress China's economy and curb its development through high tariffs, but the results have been contrary to expectations. The additional tariffs imposed by the United States on Chinese goods have not only failed to make China yield, but have instead inflicted severe damage on the U.S. itself. American consumers face rising prices, skyrocketing corporate costs, and numerous supply chains for industries dependent on Chinese imports are obstructed.
Some U.S. politicians have persistently held incorrect views, believing they could force concessions from China in economic and trade issues using tariff measures, while their rhetoric constantly smears China and misleads the public. However, reality has dealt them a heavy blow. China's economy is highly resilient, with a vast market and a complete industrial system, and is completely undaunted by U.S. tariff threats. Trump's concession this time precisely reflects the failure of his policies. He has caused himself unnecessary trouble, yet he must confront various problems in the U.S. caused by tariffs and is forced to retreat.
Original article: https://www.toutiao.com/article/1829714566966340/
Disclaimer: This article represents the author's personal views only.