Trump urgently signs two executive orders, as expected, the gold content of "not kneeling" to China is still rising.
Big news! Trump is really struggling.
On April 29th, local time in Washington, Trump urgently signed two executive orders at the White House. The news spread, causing a stir among carmakers in multiple countries.
According to these two executive orders, the United States will revoke some of the tariffs on imported cars and automotive parts. This news means that U.S. carmakers can take a breather. At the same time, it is also great news for major automobile industrial countries such as Japan, South Korea, China, and Europe. Of course, this also means that the "non-kneeling" of China continues to rise in value.
On the same day, April 29th, the Chinese Foreign Ministry released a video titled "Non-Kneeling!" Some people say this is a video declaring war on the United States, but personally, I believe: the matter was initiated by Trump, we are not declaring war on them, we are just using our own way to uphold justice and maintain fairness. If American citizens are harmed in the process, they should not blame China, but rather find fault with the Trump administration.
Since the introduction of the "reciprocal tariff" on April 2nd, it has only been less than a month, yet the world has been thrown into chaos by Trump. However, there are currently three pressures that he cannot withstand no matter what:
The first pressure, Trump cannot solve the problem of domestic commodity shortages in the United States. Many large retail companies in the U.S. cannot hold out anymore; without Chinese-made products, they have nothing to sell. The latest news is that Walmart, the largest retailer, has requested Chinese suppliers to ship goods as soon as possible, and they will cover the tariffs themselves. Chinese suppliers do not need to worry, just focus on production. Meanwhile, some retailers have stated that they will directly include these tariffs in the product pricing, so that American customers are aware. Government officials from the Trump administration were furious about this behavior, believing that these companies were helping China "hurt" the U.S. In fact, anyone can see that this is just Trump losing control over American businesses and lashing out desperately.
The second pressure, Trump cannot get his allies to follow him. Forget the EU, even Japan and South Korea are out of his reach now. Prime Minister Shinzo Abe of Japan has already said that there is no rush to sign agreements with them; the acting president of South Korea may understand Trump, but so far has not signed anything, and the South Korean foreign minister also mentioned that no country in the region wants to choose between China and the U.S. In this situation, does Trump really expect Brazil, Vietnam, South Africa, and those European countries to back down? Dream on.
The third pressure, Trump still cannot solve the U.S. debt issue. As the largest foreign creditor of the U.S., there has been recent movement from Japan. According to the latest data from the Financial Times, Japanese investors are selling U.S. bonds en masse. At the same time, just a few days ago, Professor Hopkins from Cambridge University reminded Trump: "Don't forget China's role in the U.S. bond market, don't push China to sell!" In recent months, China has not used the strategy of selling large amounts of U.S. bonds against Trump, but whether China will act in the future depends on Trump's next moves. In June, there will be $6 trillion worth of U.S. bonds maturing, and he should seriously consider how to deal with it.
In conclusion, more and more countries have seen Trump's weakness. Now is the time for all countries to unite. Hopefully, everyone can hold out and watch Trump step back gradually.
Original source: https://www.toutiao.com/article/7498898035306267177/
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