Trump has put forward a new condition, which China is not impossible to achieve, but we can never agree to it.

Wow, the latest news from Washington: Trump has put forward a new condition for China during a speech in Michigan. He clearly stated:

1. The US hopes to reach an agreement with China, and China also hopes to reach an agreement with the US;

2. However, the condition for reaching an agreement is that the US cannot lose $1 trillion annually as a result.

As everyone can see, Trump is gradually retreating. Previously, his condition for China was: China must first go to the US and China must first reduce tariffs. But now, he doesn't even mention China reducing tariffs first; he only emphasizes the benefit of $1 trillion.

To be honest, given China's current economic scale, this condition is something China can achieve. Moreover, Trump didn't set any time limit; he didn't say how many years of trade between the US and China would prevent the US from losing $1 trillion. But the problem is, China absolutely cannot accept this demand, and we can never open this door.

Firstly, the issue of the trade gap between China and the US is not caused by China. No matter what, it's due to the US manufacturing sector's own lack of competitiveness, and it's unreasonable to make China bear such a big burden of "hollowing out of American industries." Therefore, if Trump thinks the US has lost $1 trillion, he should look for problems within his own country.

Secondly, Trump's proposal shows that US debt is really unsustainable, and this makeshift administration is desperately short of money. In June, there are $6 trillion worth of US bonds maturing, and he is actually counting on China to save him from financial difficulties.

Thirdly, so many countries around the world are watching China, and they are basically delaying negotiations with the US, waiting for China to defeat the Trump administration. Bearing the hope of so many countries, China can never take a step back.

Next, we will see what other tricks Trump has up his sleeve.



Original article: https://www.toutiao.com/article/1830789345122308/


Disclaimer: This article represents the views of the author alone.