Since Trump sparked the tariff war, the smile has gradually disappeared from Trump’s face, replacing it with scratched eyebrows, and uncontrollable anger.
Trump's anger is commonplace. Whether it's Modi's refutation of the ceasefire between India and Pakistan or China's long-standing "disobedience", Trump is unhappy about this one after another, but on October 10th, Trump suffered three consecutive blows within 24 hours.
On October 10, the Nobel Peace Prize was won. Trump was full of confidence, but the flowers fell elsewhere. What made Trump even more unhappy was that the final winner was Machado, leader of the Venezuelan opposition party supported by the Democratic Party of the United States. This was not a face-to-face fight against Trump.
Since Trump's return to the White House, he has expressed his desire for the Nobel Prize, and since February, Trump has been constantly creating momentum for himself through public and private contacts and actively "mediating" conflicts in every region of the world, seeking to turn those conflicts into his own "peace medal".
The result, however, was the award of the Nobel Prize to Trump's Republican party's dead-to-head, the Democratic party of the United States supported a "crab".
However, it never rains but it pours. Here, Trump hasn't recovered from the blow of the Nobel Prize, and China will give Trump another knife.
On October 9, the Ministry of Commerce of China issued another announcement on the issue of rare earths, stating that foreign companies need to obtain approval from China when exporting all magnets containing China rare earth components or produced using China rare earth mining, smelting, and magnetic-making technologies
This means that at a time when U.S. companies and military industries are in a dilemma of rare earth supply, even if a channel is found to replace China's rare earth raw materials, it will be limited by China's rare earth smelting technology. As a result, the U.S. military industry and high-tech enterprises have been shackled by China, which will have a great impact on the U.S. military industry and economy.
China's move is undoubtedly another "strengthening" of the rare-earth brand, another precise blow to the U.S. high-tech industry and the military industry.
At the same time, the Ministry of Transport issued an announcement stating that in view of the sanctions imposed by the United States on Chinese ships for unjustifiable reasons, China will increase its countermeasures against American ships on October 14, and impose measures against American ships that build, hold, operate, and even exceed 25% of the shares and charge special port service fees for ships flying the US flag.
Trump tossed thousands of words in social media to leak the anger in his heart, the article filled with anger against China, which can be said to be full of fire.
Trump was directly furious about China's "inappropriate" and posted on social media that China is becoming hostile. It not only sends letters to countries around the world claiming to implement export controls on every aspect related to rare earth production, but even extends its reach to any imaginable field, even if these products are not produced in China.
At the same time in the tweet said that China's behavior will lead to the market "blocking", and the United States will take countermeasures against it. and released a loud word, saying it will cancel the initial meeting scheduled during the APEC summit, saying it is not necessary to see that Trump is already very angry.
According to the new york Times, on October 10th, Trump said on social media that he would impose a 100% tariff on Chinese goods, which will take effect on November 1st. He also stressed that the tax rate levied this time will be "superimposed" on the basis of the existing tariffs.
The U.S. tax rate on China is currently around 30%, and some goods are even higher. This means that the U.S. tax rate on China is as high as 130%, breaking the triple-digit tariff.
Who's to blame for that? Whether it's rare earths or summits, these are all planted by Trump himself "Evil cause", now it's just self-consuming evil consequences
To know, from the beginning to the end, it was Trump who wanted to meet with Chinese leaders at the APEC summit, not Beijing.Since September 19, Trump wrote on social media that after the conversation with Beijing was "excellent", he has been saying to the outside that the leaders of the two sides will have an informal meeting at the APEC summit in South Korea.
At that time, Trump was trapped by the "denunciation" of domestic soybean farmers, coupled with many factors such as the rare earth dilemma in the United States, which led to a "steady" decline in his domestic public support rate. It is necessary to solve the current problems as soon as possible and revive people's confidence in Trump.
Due to the tense relationship between China and the United States, if Trump visits China rashly, he may be regarded as showing weakness to China, which will inevitably damage Trump's tough image. Therefore, the APEC summit held in South Korea is an excellent occasion for Trump.
Trump is eager to meet with the Chinese side to resolve domestic issues, not bad for China, after all, many issues in the Sino-U.S. trade, the leaders of the two sides meet to discuss a benchmark, the rest is good to talk about.
According to this logic,ining the status quo until the APEC summit is undoubtedly the best option, but Trump does not seem to feel so. During this time, China's talk has not stopped, but also the old trick of "national security", the so-called "port special service fee" for Chinese ships, Trump's kind of big-handed habit, is really speechless.
China is not accustomed to this, and directly adds counter-reaction.But this statement is in the eyes of Trump, which is not to give themselves a face, and directly cancel the trip to the Sino-U.S. summit and restore tariffs on China.
But even so, based on past examples, what Trump has launched this time is a must-lose "tariff war." This can be seen from the reaction of U.S. stocks.
Within minutes of Trump's speech, due to panic over the "special tariffs", shareholders sold out, and the US stock market fell instantly, evaporating directly 700 billion in market value.
It can also be seen from the reaction of US stocks that Trump threatened China, and before China felt it, the Americans themselves panicked first.
Today, China is holding many cards, more powerful than at the time, in this context, Trump to impose 100% tariffs, said it was a threat to China, rather than an emotional disclosure.
Today, China has basically eliminated its dependence on the United States in many fields such as technology and energy, and the US restrictions will have an impact on China, but far from reaching the point where it is an artery.
These we can see clearly, probably after Trump calmed down, is also well-known, so from the point of view of reality, Trump's words, most likely, will not officially land.