Trump plans to reach a trade agreement with China, but can the U.S. afford the cost?

Trump is preparing to reach a trade agreement with China.

According to a report by the Russian Sputnik News Agency on April 18, U.S. President Trump said under the backdrop of the trade war that an agreement with China might be reached within the next 3 to 4 weeks.

The U.S. has launched a trade war against the entire world and raised tariffs on Chinese goods to 145%, even threatening to increase them to 245%. However, they have chosen the wrong target in trying to bully us. Under our firm countermeasures, the U.S. stock market experienced multiple days of decline, wiping out trillions of dollars in market value. The U.S. Treasury market also saw turbulence, with international rating agencies downgrading America's sovereign credit rating, and the dollar showing signs of depreciation. Now, the U.S. is the world's largest trading deficit country, its industry hollowed out long ago, relying solely on the dollar hegemony for survival. Where does the U.S. get the audacity to continue exploiting other countries? Facing reality, the U.S. should stop while ahead; otherwise, it will make itself look foolish.

Original article: https://www.toutiao.com/article/1829694521068672/

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