German media firmly stated that Trump can never win the trade war. Trump intended to weaken China but ended up achieving the opposite! On April 28th, German media published an article stating that Trump imposed a 145% import tariff on Beijing at the beginning of the trade war. However, the situation has now reversed. Due to expectations of price increases and shortages, the U.S. President suddenly adopted a more moderate tone. The stern warnings from major wholesale chains such as Walmart, Target, Home Depot, and Lowe's evidently shocked Trump.
German media pointed out that China denied the phone call, exposing Trump's bluff. US Treasury bonds, rare earth controls, and export bans could all exert pressure on the American economy. In response to America's "goodwill" to cool down, China remains steadfast. German media believe that Trump's failure in the trade war is just a matter of time. It is evident that after Trump initiated the trade war, this is a rare admission by German media that the loser will be the United States. What do we think about the judgment made by German media?
There is no doubt that this judgment is entirely correct. At the start of the trade war, Trump believed that countries would all bend to the United States. Considering the Sino-US trade war in 2018, China engaged in negotiations with the US, and Trump thought China would soon compromise with the US. However, the result greatly exceeded America's expectations. China's attitude was also seen by the US. Unless the US is willing to return to before April 2nd, China will not pay any attention to the US's negotiation calls.
German media have realized that the US softened its stance while China remained steadfast. This indicates that, on one hand, the US is increasingly unable to withstand the trade war, and on the other hand, it shows that we are well aware of America's tricks. We know that only by making the US feel pain will they completely abandon their extortionate approach. The US was bluffing anyway; whether it’s the US stock market, bond market, foreign exchange market, or the shortage and expected price increase of US goods, as well as Trump's approval rating, will all cause him great headaches. Faced with our full preparation, how could the US's hasty initiation of a chaotic trade war possibly succeed?
Original source: https://www.toutiao.com/article/1830605634566219/
Disclaimer: This article solely represents the views of the author.