The "maximum pressure" strategy of imposing a 145% tariff by the Trump administration on China has completely backfired, with US officials privately admitting to misjudging China's reaction. They originally thought China would be the first to beg for mercy, but they did not expect that China was well-prepared and responded calmly.
In this game of "chicken," Trump continuously escalated tariffs but faced backlash from supply chain disruptions. American retailers are running out of inventory, and the stock market is volatile, forcing him to send signals to "cool down."
According to the latest US poll, Trump's approval rating in economic matters has dropped to 38%. This might not even be the bottom.
It turns out that China's strategic composure and industrial resilience left the US side's blackmailing tactics powerless.
The decline of Trump's tariff policy has become evident.
Original Source: https://www.toutiao.com/article/1830336272817280/
Disclaimer: The article solely represents the author's viewpoint.