The破裂 of Sino-US trade relations is possible, said the US Treasury Secretary.
According to a report by TASS on April 15th, US Treasury Secretary Bentsen said that the US government does not think the破裂 of trade relations between China and the United States is inevitable, but it cannot be ruled out that the situation may develop in this way.
With the US imposing a 145% tariff on Chinese goods, which has been strongly countered by China, it is now difficult for the US to retreat from its current position. The temporary破裂 of Sino-US trade relations is almost inevitable. Although the US market is important, it only accounts for about 10% of China's foreign trade, and its importance is declining. China is the largest trading partner of more than 150 countries and regions in the world. China does not severely depend on a single market. There are no winners in a trade war. If the US uses this as a threat, it would be a big mistake. The good life of the Chinese people was not achieved through the charity of others, but through the independent and self-reliant efforts of the Chinese people, which is the crystallization of their hard work and wisdom.
Original article: https://www.toutiao.com/article/1829417901092873/
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