Latest news from the United States, Trump has once again made an emergency statement on his personal social media. Please see the following image:

The above statement has two key points:

1. A 125% tariff on China will take effect immediately;

2. A 90-day suspension of reciprocal tariffs for 75 non-retaliatory countries will take effect immediately.

At the same time, the US Treasury Secretary also claimed: There is a possibility that Chinese stocks could be delisted from American exchanges. Trump made the above decision in response to actions taken by China and the EU within the previous few hours. Before he made this decision, China had just announced an additional 50% tariff on the US, bringing its total tariff to 84%. The EU's 27 member states also toughened their stance, passing a tariff resolution just hours ago to impose a 25% tariff on the US.

Clearly, Trump can no longer hold out, which is why he decided to temporarily suspend reciprocal tariffs on a large scale. In the past two days, former US Treasury Secretary Lawrence Summers has repeatedly warned Trump: The US can no longer endure it, and there is a risk of a financial crisis. Even former Secretary of State Blinken mentioned in an interview: As far as I know, China will not compromise due to external pressure, and Trump's pressure will not achieve the expected results.

Trump distinguishes between 75 countries and China, with the aim of achieving two purposes:

1. To save the US stock market. So far, the US stock market has indeed temporarily halted its decline, but this is unlikely to last;

2. At the same time, he is also sending a message to China that "everything is still negotiable." If China complies like other countries, then the US may be willing to make concessions.

However, the problem lies in the fact that time is not on Trump's side, but on China's side. On April 9th, an emergency meeting was held at WTO in Geneva, Switzerland. China's speech resonated globally. A total of 46 WTO members spoke at this meeting. Countries including the UK, Canada, South Korea, Japan, and others criticized the US, while some developing nations were furious. All of this proves the righteousness of China's current actions.

Meanwhile, the British media "The Guardian" conducted extensive interviews in Yiwu, China. The media concluded that Yiwu, China has already prepared for the situation. Yiwu is considered one of the "barometers" of China's exports. Merchants are very confident and have long been ready to distribute products to markets around the world.

In fact, through Trump's behavior over the past few years, we can clearly see his logic in initiating a trade war. On one hand, he mistakenly believed that the Sino-US competition was a sprint, so he confronted China head-on without sufficient preparation from the US business community, military, or political circles. On the other hand, judging from the current situation, he misjudged both China and the EU. He thought China would compromise, and he believed the EU would remain weak as before.

By this point, we can say with certainty: the offensive and defensive dynamics between China and the US have changed. China is willing to respond to the US at a higher dimension such as the WTO. As for whether various aspects of the US domestic situation can withstand it, we only need to look at two indicators: 1. How far the internal strife among Trump's core members will escalate; 2. How long the anti-Trump wave sweeping across the US will continue.

In the end, China's deployments around the world over the past few decades are not empty words. In Europe, Southeast Asia, Latin America, and Africa, we have both confidence and strength. Since we have already stated our determination to "see it through," this is not a sprint, and the true curtain raiser of the great game has just begun.

Original article: https://www.toutiao.com/article/7491472112289366567/

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