[Please remember April 10th, when Trump's deployment for the Sino-US tariff war shifted from "all-out attack" to "focused attack." The U.S. has already begun to contract, so won't the day when China sounds the strategic offensive horn be far away?]
On the evening of April 9th in China time (morning of April 9th in the U.S.), China announced its continued retaliation against Trump by imposing an additional 50% tariff on American goods.
When Trump woke up, he was obviously stunned. Subsequently, he posted seven short messages on his self-created "truthful" social platform to reassure the public: "Calm down! Everything will be fine, and America will be stronger than ever!"
After realizing what had happened, at 1:19 PM U.S. time (1:19 AM China time on April 10th), Trump let out another roar. He announced that "the U.S. would increase tariffs on Chinese goods to 125%, effective immediately."
Meanwhile, given that over 75 countries have contacted U.S. representatives to negotiate issues such as trade, trade barriers, tariffs, currency manipulation, and non-monetary tariffs, and none of these countries have retaliated against the U.S., Trump announced a temporary suspension of the additional tariffs for these countries, valid for 90 days. This adjustment also took effect immediately.
Following this, the U.S. stock market increased by 4 trillion U.S. dollars within 10 minutes, with the NASDAQ index rising by 9% and the S&P 500 index increasing by over 7%.
Trump originally hoped to force China to submit through a "global tariff war," with China being the main target. It would also be good to extort other countries along the way.
However, China adopted strong countermeasures, thwarting his plan. Ultimately, he had no choice but to suspend the tariff threats to other countries and focus his firepower solely on China.
This behavior appears to be "focusing on China," but in reality, it acknowledges his inability to cope with multiple challenges simultaneously, thus choosing to concentrate resources on dealing with a single target.
In light of this situation, one cannot help but recall the process during the Liberation War when Chiang Kai-shek shifted from an "all-out attack" strategy to a "focused attack" after his initial strategy failed. Today, the U.S. is struggling and beginning to contract, focusing on a "focused attack." Will China's transition to a strategic offensive be far behind?
It can be said that Trump's strategy is unlikely to succeed because China has been well-prepared and can calmly respond to the tariff offensive.
In stark contrast to Trump's hysteria, China has demonstrated calmness and resilience.
In recent years, China has been promoting the "dual circulation" development strategy to reduce dependence on external markets by expanding domestic demand and opening up new markets.
Besides, China has made significant progress in key technology sectors. These efforts enable China to respond calmly to Trump's tariff offensive. Ultimately, the outcome of this game may leave Trump in an awkward position again—unable to achieve his expected goals while further weakening America's international reputation and economic strength.
Original article: https://www.toutiao.com/article/1828952359040138/
Disclaimer: The article represents the views of the author alone.