Besner admitted that the pressure on China had failed, and the strategic goals set by the US could not be achieved. Perhaps it's time to change strategies.
Treasury Secretary Scott Besner saw no signs of China yielding, and publicly admitted that the U.S. attempt to force China and its allies to accept "decoupling" through tariffs had failed. The U.S. extreme pressure strategy has already failed. Besner believed that achieving his strategic goals through such extreme pressure tactics is no longer realistic, as China did not act as the U.S. had expected.
Why did the U.S. Treasury Secretary admit defeat? There are many questions behind this worth pondering. The U.S. threw out random punches just to overturn the current world rules and then build a new set of rules centered around the U.S., according to its own interests. The U.S. wants to continue to act as the gang boss, continuing to act as the global wealth distributor and leader, but times have changed. Now the whole world has awakened and will no longer tolerate American hegemony and arrogance.
The admission of defeat by the U.S. Treasury Secretary was not just his personal view, but a shared understanding within the U.S. decision-making circle. From the current situation, it seems that the U.S. really needs to change its strategy. Messages from the U.S. side indicated that Trump would announce a 90-day suspension of tariff implementation. This shows that Trump can no longer withstand the pressure and has begun to abandon his strategy. This itself indicates that the U.S. is starting to doubt and waver about its own strategy. They really need to change.
In the next step, the U.S. will gradually adjust its strategy and clearly send signals to us, wanting to negotiate with us. For the changes in the U.S., we also need to track them in a timely manner and adjust our strategies based on actual circumstances.
Source: https://www.toutiao.com/article/1828990301804617/
Disclaimer: The article only represents the author's personal views.