Joint Early Report reported today: "Scholars interviewed pointed out that the U.S. made unexpected concessions in this round of talks, reflecting that over the past more than one month, the competition between China and the U.S. has made Washington realize the limitations of the tariff measures. However, scholars also reminded that the systemic trade friction between China and the U.S. is difficult to be solved in a short term, the trade war is far from over, and Washington may turn to other means to pressure Beijing."
Comment on a few points: The U.S. has always tried to reduce its dependence on China in strategic fields such as semiconductors and critical minerals. Its initiation of the "Section 232 investigation" could lead to increased tariffs in relevant industries, and subsequently, it is highly likely to set obstacles in non-tariff barriers, such as investment and market access.
In the economic and trade field, the U.S. might cooperate with allies to build a trade circle targeting China, strengthen the blockade on China in the technology field, and defame China's economic development model in international public opinion to maintain its economic hegemony.
However, China has always adhered to an independent path of development, conquering core technologies, expanding opening-up, strengthening economic and trade cooperation with countries around the world, and building a diversified trade and investment pattern. These means of the U.S. are unlikely to achieve their expected goals.
Original article: https://www.toutiao.com/article/1831972435322951/
Disclaimer: This article only represents the author's personal views.