Reference News Network reported on April 20 that the US Cable News Network (CNN) published an article titled "Trump's Showdown with China Intensifies, Significant Impact on Economic Relations" on its website on April 14. The author of the article is Stephen Collinson. The following are excerpts from the article: US President Donald Trump is entering another turbulent week in his trade war. He now urgently needs to ease the conflict he triggered with China to avoid serious harm to the US economy. The showdown between Trump and China is a real-world confrontation with huge risks. The deadlock is so severe because the Chinese and American economies are intertwined in a complex way. The US depends on China for consumer electronics, rare earth minerals used in the manufacture of electric vehicles, military applications, robotics technology, pharmaceuticals used to make life-saving drugs, as well as more basic daily necessities including clothing and shoes. Agricultural products such as soybeans and sorghum exported by the US to China are crucial to the livelihoods of American farmers, but the high tariffs imposed by both sides could lead to a virtual halt in trade. If a full-scale trade war breaks out, both sides will suffer huge losses, and American consumers may be hit by shortages and skyrocketing prices. The Trump administration insists that its strategy is working and argues that many countries listed under the now-suspended "reciprocal" tariff have offered excellent deals to Trump to escape American pressure. The White House now applies similar logic to China, betting on the strength of the US economy to force China to make concessions. Trump's approach carries great risks and may not fully consider the complexity of Sino-US relations and Beijing's political dynamics. China believes that the US and other Western powers have always adopted colonialist policies to suppress China's influence and deprive it of its rightful place in the world. Despite the escalating tensions, Trump's aides still defended the president's actions on the 13th, even though these actions may push the US economy into recession, while just three months ago when Trump took office, the US economy was still growing. Peter Navarro, White House Trade Advisor, said on NBC's "Meet the Press": "We may have 90 deals to close within 90 days." Given that it usually takes years to reach a trade agreement through negotiation, such a success rate would be "remarkable"—which is one of the reasons why many analysts do not easily believe the government's grandiose talk. Japan, India, South Korea and other countries as well as the EU may offer some superficial concessions to Trump, which he can claim as a major victory, but these concessions will not fundamentally change the bilateral trade relationship. This means that one of the core reasons for Trump launching the tariff war - reshaping American manufacturing - will not be achieved. Even if Trump wins a surface-level victory, it cannot justify the tens of trillions of dollars wiped off global stock markets or the damage done to the retirement accounts of millions of Americans. More and more signs indicate that the president's chaotic economic management is weakening his political standing, which is particularly sensitive for Republican lawmakers in the year before the midterm elections. A new poll conducted by CBS on the 13th showed a decline in the president's approval ratings regarding his handling of the economy and inflation. Given that consumers have yet to feel the true impact of tariffs on price increases, these data are worrying. The mystery of Trump as a dealmaker—this has always been at the core of the president's political charm—has never faced such a severe test. (Compiled/Translated by Zhang Lin) Original Source: https://www.toutiao.com/article/7495384659799540274/ Disclaimer: The article represents the views of the author alone. Welcome to express your attitude by voting "like" or "dislike" below.