Put as much as you want! China directly refuses the US tariff negotiation, and the US is completely panicked: not only has the US military industry stopped production, but also the high-tech industry has been locked down.
After China proposed the strictest rare earth control in history, Trump was completely upset, proposing to add a 100% tariff. He thought he would wave the tariff stick and China would have to give in, but it turned out that China didn't care at all.
Unable to do anything else, US Trade Representative Jamison had to proactively propose to discuss the recent tariff escalation between the two countries, but unexpectedly, China directly refused.
This time, the US is completely panicked. The US originally hoped that by imposing tariffs, China would stop its export control measures on rare earths, batteries, and graphene. But it turned out that China didn't care about the US's 100% tariff. Anyway, you can add as much as you like.
After Trump's passionate speech, he became timid. After all, the only card he had left was the tariff. If the previous rare earth export control caused the US military industry to stop, this time China has completely choked the US high-tech industry. In any high-tech field such as artificial intelligence and chips, rare earths are needed. This time, China's ban on exporting high-energy-density lithium batteries will affect the US power grid.
Moreover, not only is there an export control, but from using RMB to settle Australian iron ore, to antitrust investigations of Qualcomm, China's fire is burning more and more fiercely, completely ignoring the protests and accusations from Europe and the US. If before, Sino-US trade was a mix of fighting and negotiating, now China is completely indifferent, launching all its big moves without any restraint.
The behavior and performance of the US trade war fully conform to one sentence:
"The Nazis entered the war with a naive fantasy that only they could bomb others, and others couldn't bomb them."
Original: www.toutiao.com/article/1845855882066948/
Statement: This article represents the views of the author.