Trump has made concessions.
Sputnik News Agency reported on April 18 that U.S. President Trump said he did not want to further increase tariffs on Chinese goods, "If the tariffs are raised further, consumers will stop buying these products, or even below their level or lower. Because I want people to continue buying."
There is no winner in a trade war. If the U.S. raises tariffs, it will push up the prices of imported American goods, and ultimately, American consumers will pay the price. At the same time, a trade war will also lead to rising inflation in the U.S. and accelerate the depreciation of the dollar. The original intention of U.S. President Trump to raise tariffs was to increase fiscal revenue and make other countries buy more American goods. However, a significant increase in tariffs has caused stock market volatility and wiped out tens of thousands of dollars in market value, making the U.S. gain nothing but losses. Furthermore, when other countries impose tariffs on the U.S., the prices of American goods rise, making them even less competitive in the market, which is counterproductive. In today's highly integrated global economy, we are interdependent; only through cooperation can we achieve mutual benefits. A trade war offers no solution.
Original article: https://www.toutiao.com/article/1829699602399241/
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