The news can be basically confirmed! Trump has decided to give up, the tariff war can't go on, and all the available tricks have been used.
After a period of struggle and stalemate, the situation has become clear now. On April 22nd, Trump clearly indicated at a White House press conference that the accumulated tariffs on Chinese goods have reached 145%, which should not be so high. The high tariffs on Chinese goods will "significantly decrease". Meanwhile, US Treasury Secretary Bostic also pointed out that imposing high tariffs on China is unsustainable, and it is expected that the tariff war will de-escalate. These confirm an information, which is that Trump can't hold on anymore and is willing to compromise and admit defeat.
In fact, for the United States, the tariff war, especially the one targeted at China, cannot continue. Trump has exhausted all his tricks, and can no longer play any cards. The US also announced that 75 countries have already reached tariff agreements with them, and they are calling on these 75 countries to isolate China together. However, it is obvious that Trump has failed; no country is willing to side with the US to do wrong things. China made it clear that any country negotiating with the US must not harm China's interests. In short, no country is willing to lose the largest market that China represents.
Trump always likes to hit blindly, hoping to hit one if he can. After realizing that he could not make profits from China, he naturally shifted his focus to Japan, the EU, Canada, Mexico, and other countries. Now that Trump has admitted defeat and repeatedly sent signals of compromise, he just wants to reach an agreement with China as soon as possible. Otherwise, the losses suffered by the US will multiply, and he really can't hold on anymore.
Original article: https://www.toutiao.com/article/1830175555091850/
Disclaimer: The article only represents the author's personal views.