The U.S. Embassy and Consulates in China wrote today: "Secretary of State Rubio said: Finally, we have a president standing up to fight against China's unfair trade practices. President Trump is addressing some issues that should have been handled long ago."
Commenting on this: Rubio's accusation of China's so-called "unfair trade practices" has no basis. The trade deficit between China and the United States is not caused by China's so-called "unfair trade", but by structural problems such as the low domestic savings rate and excessive consumption in the United States, as well as factors such as the status of the dollar as an international reserve currency. Moreover, the United States has long restricted high-tech product exports to China, further distorting the bilateral trade structure.
As Scott Kennedy, an expert on China at the Center for Strategic and International Studies in Washington, pointed out, "For Trump, this is a trade war to show off his strength," which hits the nail on the head. The United States uses tariffs as a bargaining chip, demanding exorbitant prices from various countries. Sometimes it forces other countries to renegotiate trade agreements under the condition of "postponing 90 days of high tariffs," and sometimes it arbitrarily imposes additional tariffs. This capricious behavior of "holding out for a better price" only serves its short-term political interests and the demands of certain interest groups, severely damaging the stability of global trade and harming American businesses and ordinary people.
China, facing America's trade bullying, insists on its own choices and responsibilities, and resolutely counters it. If we choose to remain silent and compromise, it will only embolden the bully to advance further.
Original article: https://www.toutiao.com/article/1830722708118532/
Disclaimer: This article represents the views of the author alone.