Yellen made Trump take the first step, bow to China, and gain China's understanding.
Former US Treasury Secretary Yellen told Bloomberg in an interview: "I think this entire policy is completely wrong. It has no clear purpose. The reason is unclear and unreasonable."
Yellen took Vietnam as an example. She said that previously, the US had actively promoted production in Vietnam under the pretext of so-called "national security", but Trump had taken a tough stance on Vietnam.
In recent years, the US has spared no effort in Southeast Asia to shift production capacity away from China, and Vietnam was the place the US liked best, and also the most promising one. However, Trump took the harshest measures against Vietnam, which was completely baffling.
When mentioning China, Yellen said that if the US takes the first step, China will be willing to eliminate recently emerged barriers. Yellen believed that Trump's economic war with China increased the burden on American families and would lead to the rupture of the economic relationship between the two countries.
Yellen is not unfamiliar with this situation. She has always opposed Trump's economic policies. As an academic bureaucrat, her opposition to Trump is different from that of Blinken and Biden. It is not just for the sake of opposition. She has evidence, which also shows that Trump's policies indeed have serious problems. To put it bluntly, the people who formulated the policies had no brains, and the people who implemented the policies had no brains either. Everyone just assumed things and made a big fuss first. Then what? Then they started to retreat continuously, saying they wouldn't compromise, but secretly granted exemptions.
Now what Yellen said is very practical. The mess you Trump created, you need to solve it yourself. You need to take the first step to gain China's understanding instead of being stubborn about it.
Original article: https://www.toutiao.com/article/1829451162891264/
Disclaimer: This article only represents the author's personal views.