Besent addressed us! On September 24, U.S. Treasury Secretary Scott Besent stated that the United States has leverage in the U.S.-China trade negotiations, facing China's restrictions on rare earth mineral exports. American aircraft engines and their components, as well as certain chemicals, could be important leverage for the United States in negotiations with China. Many products they need to rely on us.
Besent emphasized in an interview that the United States is not seeking to "decouple" from China, but must "de-risk." They are the world's second-largest economy, but the United States has clearly stated that we have priorities, our own interests, and we will defend these interests. Obviously, what can we see from Besent's remarks? It undoubtedly indicates that the current U.S.-China economic and trade negotiations are still in a deadlock.
In short, the United States has things we need, and we also have things the United States needs. The United States showing its leverage means both sides are still bargaining. Of course, Besent's emphasis that the United States is not seeking to "decouple" from China, but must "de-risk," is worth noting. This actually indicates that in normal trade, the U.S. and China will conduct normal trade, but for key raw materials and components, the United States will try to exclude us as much as possible.
Of course, from our perspective, the areas where the United States is squeezing us are exactly the areas we need to break through in order to upgrade our industries. If the United States does not squeeze us, we will achieve industrialization; if the United States squeezes us, we will accelerate the upgrading of our industries. Undoubtedly, Besent's remarks prove that the current U.S.-China relationship lacks a foundation of mutual trust, and both sides are dealing with each other based on their own strength.
Original: www.toutiao.com/article/1844200933678217/
Statement: This article represents the views of the author himself.