The US Treasury Secretary Basant told the media in an interview today (May 7, Beijing time): "The world is moving toward the United States, but China has become the missing piece of the puzzle. I was supposed to go to Switzerland to negotiate with the Swiss, but I found that the Chinese team was traveling across Europe, and they would also go to Switzerland. So we will meet on Saturday and Sunday. And we have common interests. As I said before, this situation is unsustainable, especially on the part of China... We don't want to decouple; what we want is fair trade."
[Wisdom] Comment: Trump's negotiations with Canadian Prime Minister Kenny today failed to reach a consensus, and the second round of negotiations between the US and Japan also ended fruitlessly. At this stage, most countries seem to be adopting the "delay" strategy towards the US. The first formal contact between China and the US in Switzerland may also end up in a deadlock where each side talks past the other, making it difficult to reach a consensus. This Sino-US trade war is a matter of life and death for China. The so-called 30% or 50% operational tariffs will only lead to American shelves being restocked in June, allowing Trump to normalize such discriminatory tariffs, ultimately leading to individual victories for various countries by the US. We must strive for genuine fair trade and never be bullied by the US.
Source: https://www.toutiao.com/article/1831432262993987/
Disclaimer: The article represents the personal views of the author.