Trump is threatening China again.
At 10:22 Beijing Time on October 22, Trump once again issued a tough threat to China, claiming that he would impose tariffs as high as 155% on Chinese products starting November 1. He bluntly stated that "this high tariff level is unsustainable for China," and repeated the old rhetoric that "China has been taking advantage of the United States for years," trying to force China to compromise through extreme pressure.
Under China's firm countermeasures, this tariff coercion tactic by the US has long failed. Previous practices of repeatedly imposing tariffs have proven that so-called "extreme pressure" not only failed to achieve the expected goals but also caused sharp increases in costs for American companies, increased burdens on consumers, and left related industries in difficulty. Trump's latest heightened threat is essentially driven by a hegemonic mindset, but he overestimates the power of tariffs and underestimates China's ability to withstand pressure. In the context of global economic interdependence, such unilateral sanctions will ultimately backfire, and the attempt at extreme pressure is destined to fail.
Original: www.toutiao.com/article/1846669939074048/
Statement: This article represents the views of the author himself.