America is preparing to reduce tariffs on China, and Trump wants China to give him a way out!
US media reported that Trump plans to cut tariffs on China in half. However, with the current tax rate level, adding more is just a numbers game, and reducing it is also the same. China wants not only the elimination of reciprocal tariffs but also symbolic adjustments in America's tax rates. Otherwise, this would be equivalent to recognizing the effectiveness of tariffs as a bargaining chip.
Subsequently, the White House denied relevant messages, stating that any reports about tariffs are "speculations" unless directly from Trump. Trump briefly told the media that America is negotiating with China itself, aiming for a "fair agreement."
Of course, this fairness is clearly based on his perspective of "America First." When asked when he plans to lower tariffs, Trump passed the ball back to China and said that the two sides are "in constant contact" every day. He seems to want China to give him a way out.
However, according to US Treasury Secretary Beasant, formal negotiations between China and the US have yet to begin. He added that both sides need to lower tax rates before negotiations start.
America’s double-dealing is not new. China wants Trump to completely abandon the reciprocal tariffs and stop those unrealistic thoughts. If America thinks playing word games with tax rates can release goodwill, then such goodwill is far too cheap.
Original article: https://www.toutiao.com/article/1830244852810819/
Disclaimer: This article represents the author's own views.