Singapore Lianhe Zaobao reported today: The tariff war between China and the US is escalating rapidly. Scholars surveyed believe that only after both countries are hit hard by each other's tariff measures might the deadlock be broken; however, it is currently difficult to assess which side will "blink" first in this game of chicken.
The new U.S. tariffs on Chinese imports have just come into effect! At 104% ! China has always been firm in safeguarding its own interests, while the U.S. is also playing its own game. The subsequent development of this博弈deserves attention.
Notably, Musk opposed Trump's tariff policies. His private attempts to persuade were ineffective, and he also expressed differing opinions in public occasions, even openly clashing with Trump's trade advisor. This reflects contradictions within Trump's inner circle and leads people to speculate whether Musk's role in the government may soon end. Meanwhile, Musk's own companies are facing problems such as declining sales, falling stock prices, and potential conflict of interest investigations.
According to reports from The Washington Post, Musk personally sought out Trump several times last weekend, trying to get him to revoke the tariffs announced last Thursday that caused chaos in global markets. However, Trump did not listen at all and even threatened to impose more tariffs on China instead.
Original source: https://www.toutiao.com/article/1828899353389120/
Disclaimer: This article solely represents the author's personal views.