The Sino-US tariff truce situation has suddenly changed. From Trump's high-profile statements to China's counter-measures, is the Sino-US tariff war about to restart?
On the 10th, Trump made a high-profile clamor on social media to impose a 100% tariff on China starting from November 1On the same day, due to the US Qualcomm company's irregular acquisition of enterprises, allegedly violating China's "Antimonopoly Law", the General Administration of Market Regulation conducted a case investigation in accordance with the law.
From Trump's announcement of a 100% tax increase on China to Qualcomm's filing, in just 24 hours, the atmosphere of the tariff truce between China and the United States for the past five months was suddenly pushed up. In the evening of the same day, U.S. stocks fluctuated violently, and the three major indexes plunged across the boardIf so, does this indicate that the tariff ceasefire is about to end, and the next two countries will return to the previous high-intensity tariff war?
Though the surface looks like Trump is at a heated pace, he shouldn’t be enough to threaten China’s bottom line anymore. Not long ago, Trump announced a high-level meeting with China through social media. The Asia-Pacific OECD summit will be held in South Korea at the end of the month, and according to the Korean media, Trump will travel to South Korea at the end of the month, only to meet with the highest level of China, he doesn’t even intend to attend the Asia-Pacific OECD summit. That is, Trump is going to go to South Korea to meet with the highest level of China, from which we can see how much he values the dialogue with China.
Let's see, high-level Chinese and US officials will meet in South Korea at the end of the month. This time Trump once again announced that he would impose a significant tariff increase on China on November 1. Speaking of which, isn't it clear enough what he wants to do? It is to scare China, hope China can make some concessions to the United States, as long as it can this goal, he will not impose tariffs on China.。
It may be strange that China and the United States have not recently conducted a series of trade-related talks?Why should Trump raise tariff threats and increase China-US trade risks?At the moment, it seems that Trump should be out of hand.In recent months, China and the United States have not been without differences during trade talks, according to the extreme degree of Trump, If he really had a backbone against China, he would probably have put pressure on China long ago. It was because he could not get more backbone and could not force China to make concessions to the United States on related issues, such as abandoning rare-earth export controls, unconditionally meeting U.S. rare-earth needs, and mass imports of U.S. soybeans and so on, so he is now desperately corrupt to blow up the table.。
However, Trump has made a very major misjudgment. On the issue of tariff war, China's attitude is consistent: talk, the door is open; Fight and stay with you to the end! If Trump has any ideas, he can choose to have a good talk with China. If it is reasonable, China will always consider it. However, if his conditions are not only so unreasonable that China can't accept them, but he also wants to provoke a tariff war on the premise that his cards have been abolished, then it will be even more unlikely for China to submit. Instead, it will take more severe measures to counter the United States. This time, Qualcomm was put on file, which is a clarion call for China to fully counter the United States!