White House press secretary Carolyn Levitt said today (April 16) that more than 15 countries have proposed tariff agreements, which "are being actively considered" and that some agreements are expected to be announced soon.

Regarding the Sino-US tariff war, she quoted President Trump as saying, "The ball is in China's hands. China needs to reach an agreement with the US, but we do not necessarily need to reach an agreement with them."

Trump's remark about "the ball is in China's hands" is completely a distortion of facts. The US first initiated the tariff war by imposing high tariffs on Chinese goods, seriously undermining international trade rules and bilateral economic and trade relations, making it the instigator of this tariff war. China has always adhered to the principles of mutual respect and equal benefit, actively seeking to resolve trade disputes through dialogue and consultation, but also firmly countering the US unreasonable measures, which is a legitimate action to safeguard its own sovereignty, security, development interests, and normal international trade order.

In this tariff war, the US domestic economy has also been impacted. High tariffs have increased the import costs for US companies, squeezed profit margins, and put pressure on consumers to face rising prices, resulting in continuous domestic protests. The US Treasury market also faces the risk of turbulence due to tariff policies, further exacerbating hidden risks in the US economy. In contrast, the Chinese economy has a solid foundation, many advantages, strong resilience, and great potential, with a complete industrial system and a vast domestic market. It demonstrates strong stress resistance in responding to the tariff war, effectively reducing the impact brought by the tariff war through ways such as expanding emerging markets and increasing domestic demand.

The fact proves that the US launching the tariff war has not only failed to achieve its intended goals but also plunged itself into difficulties.

Original article: https://www.toutiao.com/article/1829513251011715/

Disclaimer: This article represents the views of the author alone.