Since US President Donald Trump launched the tariff war, the international trade pattern has undergone significant changes. Some countries have proactively approached the United States, expressing their willingness to negotiate a resolution to the tariff issue.

Donald Trump

On the other hand, due to China's tough countermeasures against the US tariff war, the main objectives of the United States have not been achieved. Additionally, both Canada and the European Union have taken a firm stance on the tariff issue. As a result, problems have arisen within the United States itself.

Due to concerns about the prospects of economic development, US stock markets have experienced multiple sharp declines in recent days. Although there have been occasional gains, the overall trend is downward. Furthermore, the US dollar has shown signs of depreciation, with the exchange rate against the euro and pound experiencing one of its largest declines in recent years, which could undermine the dollar's hegemony. In the US Treasury market, due to Japan's sudden sale of US Treasury bonds, bond yields have significantly increased, meaning the US will need to pay more interest in the future. This also undermines market confidence in US Treasury bonds. Meanwhile, China holds a large amount of US Treasury bonds, and we haven't sold them yet.

As the world's two largest economies, the combined GDP of China and the US accounts for approximately 48% of the global total. The tariff war between the two countries not only affects the two countries but also causes significant turmoil in the global economy. Encouraged by China's firm stance, the international community strongly opposes the US tariff war.

In response to pressure and market reactions, US Special Envoy Richard Grenell took the initiative to comment on the tariff war between China and the US.

Richard Grenell

According to a report by Russia's Sputnik News on April 13, US Special Envoy Richard Grenell stated that US President Trump believes that negotiating with China to find a way out of the trade standoff is crucial.

Grenell said in an interview on Fox News Channel, "If you are strong and can articulate arguments supporting 'America First,' the American public needs you to engage in dialogue because this way, our arguments can be conveyed to the other side, and we can use our influence to put pressure on them. I see this happening on the tariff issue."

Grenell pointed out that Trump is "a negotiation master, but to negotiate, dialogue is necessary." Moreover, this US envoy firmly believes that Trump "believes in peace agreements."

Donald Trump

Since the outbreak of the tariff war, US President Trump has been waiting by the phone for the call he desires, but so far, it hasn't come. Thus, the US has started actively indicating its willingness to negotiate without refusal.

The reason why China dares to impose reciprocal tariffs on US goods is because we have the confidence to do so.

We possess the most powerful manufacturing industry and the most complete industrial system globally. Our technological level is continuously making new breakthroughs, enabling us to produce almost all industrial products. We have also made breakthroughs in artificial intelligence, new energy vehicles, and chip production.

The total volume of China's foreign trade annually approaches $6.3 trillion, accounting for approximately 17% of the global total trade volume, ranking first in the world. However, the trade volume between China and the US is only around $0.68 billion, representing approximately 10% of China's total foreign trade volume.

China's largest trading partner is the Southeast Asian Alliance, with annual trade reaching approximately $1 trillion. China is also the largest trading partner for over 150 countries and regions worldwide. Chinese goods are widely popular around the globe.

The Chinese people have won development through their hard work and wisdom, not through others' charity. Self-reliance and arduous struggle are the foundation of our success. The Chinese people will never yield to any external pressure.

Original article: https://www.toutiao.com/article/7492628038467764788/

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