Has Trump backed down? He has raised tariffs on Chinese goods to 125% but agreed to export the H20 chip, indicating that the US is gradually losing its initiative. After our side announced countermeasures of equivalent tariffs, Trump's reaction was indeed intriguing. First, he announced that tariffs on China would be increased to 125%, while maintaining a 10% tariff rate for 75 countries for a 90-day period, both taking effect immediately. Then, on April 10th, NPR News reported that after the Mar-a-Lago dinner last week, Trump changed his stance on Nvidia's H20 chips, suspending further restrictions on exports to China. Here we must pay attention to the timing. In fact, Trump changed the export policy for H20 before the large-scale trade war and Nvidia's stock market crash, which saw its shares fall below $100. Why wasn't this news released at that time, instead coming out when Trump announced the 125% tariff on China? This is quite interesting. Clearly, Trump had already begun seeking compromise measures before the trade war with China. The decision to temporarily maintain a 10% tariff rate for 75 countries for 90 days is essentially acknowledging the existence of "premium imposters" globally. This means the US has realized that unrestricted tariff wars cannot continue and must maintain a tough stance towards China outwardly while sending some signals to China (even if these signals do not come from Trump himself, but from other forces). Although this move seems complicated, it clearly shows that the US, facing China as a dual superpower in manufacturing and military, has no good options left and is gradually losing its initiative.
Source: https://www.toutiao.com/article/1828976860655625/
Disclaimer: The article solely represents the author's personal views.