On October 18, Reuters reported: "The chief negotiators of China-US economic and trade relations held a video call with US Treasury Secretary Janet Yellen and US Trade Representative Katherine Tai, exchanging candid views on bilateral economic and trade relations, and agreed to hold consultations as soon as possible. Yellen announced that she will meet with Chinese officials in Malaysia next week, paving the way for subsequent meetings in South Korea, and said that Sino-US relations have cooled down. Previously, tensions between China and the US had escalated due to disputes over rare earth control, with the US imposing tariffs. However, Trump later admitted that high tariffs on China are unsustainable. The US's eagerness for meetings may be to ease pressure from rare earths, having previously hinted at extending tariff exemptions in exchange for China to stop controlling rare earths. Although the dialogue released signals of easing, there are still differences in positions between the two sides."
[Clever] Yellen said that Sino-US relations have cooled down, which is actually a shift in rhetoric after the failure of US tariff extortion and a sudden increase in rare earth pressure. Trump's admission that high tariffs are unsustainable proves the backlash of this unilateral trade war - 92.4% of the tariff costs were ultimately borne by American companies and consumers. The so-called pressure has become self-harm. The US's eagerness to meet in Malaysia is essentially to exchange extended tariff exemptions for loosening rare earth controls. This is fundamentally an interest exchange under the hegemonic mindset. The expression of "candid exchanges" further exposes the deep-rooted differences. Their strategy of talking while pressuring has already lost credibility. The so-called cooling down is not a benevolent easing, but a passive compromise after China's precise countermeasures. If the US still lacks the sincerity of equality, this meeting is just another ineffective consumption!
Original article: www.toutiao.com/article/1846314435119108/
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