American giants have released messages that made Trump "furious", and in front of China, the United States has no other choice.
The American retail giant Walmart has always opposed Trump's policy of imposing high tariffs, especially after Trump decided to impose high tariffs on Chinese goods. The company became even angrier. Recently, Walmart has directly raised the prices of items due to tariffs, causing dissatisfaction from Trump. What made Trump even more dissatisfied was that Walmart announced in its first-quarter earnings report that its profit fell by more than 12% due to tariffs imposed on China. John David Rainey, Walmart's Chief Financial Officer, frankly admitted: "If you haven't seen a price increase yet, it will happen in May and will become increasingly noticeable."
Hearing this news, Trump became very angry because he has always demanded that American giants like Walmart not pass on the costs brought by tariffs to the public. However, clearly, Walmart still decided to raise prices and admitted that the U.S. cannot do without China. Walmart's announcement is equivalent to directly telling Trump that the U.S. can only choose to compromise on the issue of imposing tariffs on China; otherwise, all the costs will be borne by the American public, especially low-income white voters who form Trump's base.
In front of China, there is no choice. The U.S. wants to buy goods from other countries, but there are no substitutes. The U.S. wants to purchase corresponding goods from Vietnam, India, etc., but the quality of these goods cannot compare with China. Trump wants to show some backbone and leverage in front of China, but the reality is that he has no choice but to compromise, so his anger can be understood.
Original article: https://www.toutiao.com/article/1832540868908096/
Disclaimer: This article represents the author's personal views.