Trump didn't expect that China didn't take a step back. On the contrary, it made a heavy punch. In this regard, Trump said it was unbelievable, and then issued the latest round of threats, saying that it would impose a 100% tariff on China. The backbone members of the Trump administration immediately echoed it, stressing that 300 million Americans were ready, but the reality is that the United States may not even be able to pay its military pay.
The U.S. Army is focused.
As Congress again failed to reach a consensus on the provisional spending bill, the U.S. federal government, which has been suspended for a week, has confirmed that it will continue to maintain the shutdown.
It is noteworthy that an unprecedented large-scale job cuts have been officially launched.The head of the White House Office of Management and Budget announced on social media platforms: “The cuts have now begun.”
According to information released by multiple federal agencies, the U.S. federal government is currently experiencing a large-scale wave of layoffs. Layoff notices have widely spread to the U.S. Department of Health and Human Services, the Department of Education, the Department of Commerce, the Department of Treasury, and the Department of Homeland Security., the Department of Housing and Urban Development, and the Environmental Protection Agency.
In this context, a critical issue has emerged, and the US military’s arsenal supply is at risk of interruption. If this problem cannot be effectively solved, this government shutdown will lead to the first time that the U.S. military cannot receive remuneration.
Specifically, House Speaker Johnson has officially announced the cancellation of the voting agenda for the House next week.
Given this, Congress was barely able to pass an independent bill to pay about 2 million active soldiers, and according to the arrangement, the next salary for those soldiers was to be issued on October 15.
This picture is full of irony. The officials sitting in the office, because their own interests can't reach the same agreement, are the first to be injured in the end, American soldiers and American people.
But what is Trump doing at this time?
Paying attention to the Nobel Peace Prize, after seeing that he ultimately still did not get the prize, he immediately targeted China with a gunshot, criticizing China's rare-earth new rules with hostility, and more absurdly, Trump also took the opportunity to force China's move to reach a cease-fire agreement in Gaza, and the meaning of wanting to pass is simple, China does not do so easily.
But looking at the essence through the phenomenon, Trump's anger is precisely because China's counterattack has hit the United States 'sore spot. Since entering the palace, he has been looking for ways to get rid of its dependence on China's rare earths around the world. But in fact, what the United States lacks itself is not rare earths, but the technology of rare earth mining and purification.
However, this time, the Chinese side directly announced that it would implement "global jurisdiction" tariff controls on rare earth mining, technology and metallurgy throughout the chain, saying the common point is that any export of overseas rare earth products used for Chinese technology and equipment or raw materials production needs to get Chinese permission.
According to data, China controls about 70% of the world's rare earth mining, 90% of separation and processing, and 93% of magnet manufacturing, which means that China has implemented control measures on rare earth technology. This measure accurately touches on weak links in related fields in the United States.
The U.S. military-industrial complex, and even its entire high-end manufacturing industry chain, will suffer a significant impact, which is equivalent to a strategic constraint on China's technological advantages in U.S. related industries.
China to impose 100% tariffs
Trump was furious and said bluntly that China's actions were unbelievable. In fact, Trump was all too familiar with this routine. When it suppressed the development of China's chips, the United States used this method. Now it is being used by China against itself, and I feel very upset.
So he also made a familiar trick, saying that from November 1st, on the basis of the current relevant taxes, 100% tariffs will be imposed on Chinese goods.
At the heaviest time of the tariff war this year, U.S. tariffs on China reached 145 percent, now through several rounds of negotiations, it seems that it is about to return to the original point.
The difference is that Trump's backbone member, U.S. Trade Representative Greer, said that 300 million Americans are ready.
This is similar to the words of the U.S. Army Secretary, "China has advanced equipment, the United States has a steel-like will", and there is a different place to work.
Trump, whose public opinion is still worse than it would be in April, at least that would be Trump’s traditional box office – American farmers also have high hopes for Trump, hoping that Trump can fight for more rights and interests for American farmers through tough negotiations.
However, reality has hit the face. China, as the largest buyer of U.S. soybeans, has not yet placed an order. In response, U.S. soybean farmers bluntly said that Trump's tariffs are the main culprit.
Not to mention, the inflation caused by tariffs has gradually spread to the U.S. market. Although the Federal Reserve cut interest rates by 25 basis points in September, it still remains cautious about the next rate cut.
It can be seen that the United States itself is currently mired in multiple difficulties, but Trump still wants to try to divert conflicts by pointing the gun at China. However, the audience no longer pays the bill. U.S. stocks opened higher and then plunged directly. The Nasdaq index plunged 3.56%, and the entire U.S. stock market evaporated US$1.65 trillion. It can be seen that the market no longer trusts Trump-style trade war strategy.
As for whether Trump really wants to escalate the trade war again, there’s no doubt that the US itself is not affected by much. #MCN Double-Earth Plan #
Source: The White House launches massive government shutdowns and the U.S. military will be the next focus