After threatening to increase taxes on China by 100%, the Trump administration encountered a "Waterloo" and hurriedly made a call to China but was refused.
In an interview with Fox News on October 12, Vice President Wences called on Beijing to "choose a rational path" in the recent escalating trade dispute.
Vance said,"This is a game that must be handled carefully and depends largely on how China responds. If they respond in a highly radical way, I guarantee that the United States has more leverage than China. But if they are willing to remain rational, so will the United States."
Trump then posted on his social media saying,"Don't worry about China, everything will get better! The United States wants to help China, not hurt it!!!"
Now it seems that Wants and Trump’s words are obviously not as rude as they try to calm China’s emotions and try to keep China reasonable. This speech is the same as when Trump began to hostile tariff war with China, China has been urging the U.S. to maintain rational restraint.
Now Trump and Vance are saying exactly what China said at the beginning. What made their attitude change so much?
According to the information disclosed by observers, after Trump threatened to resume tariffs on China on October 10, the U.S. stock was the first to react. The index fell by 878.82 points, falling by 1.9%; the index fell by 820.20 points, falling by 3.56%; the S&P 500 index fell by 182.60 points, falling by 2.71%; the S&P 500 index recorded its largest single-day drop since April.
Tesla, the seven largest U.S. technology giants, fell more than 5%; Amazon fell nearly 5%; Apple and Meta fell more than 3%; Microsoft and Google fell more than 2%; Nvidia fell 4.89%. The entire market value evaporated by about $770 billion overnight.
If the U.S. stock continues to fall in this pace, the Trump administration is likely to be really unstable. so the U.S. side immediately chose to proactively contact with China.
U.S. Trade Representative Gerrill said on October 12 at a visit to the Fox News Sunday, “We have not been notified in advance about this Chinese measure.We have learned this news from public channels, and after learning about the news, we quickly contacted the Chinese side, hoping to call them, but they delayed the call with us.”
China's response to this is that for a long time, the United States has generalized national security, abused export controls, adopted discriminatory practices against China, and implemented unilateral long-arm jurisdictional measures on many products such as semiconductor equipment and chips.
In particular, since the mid-Madrid economic and trade talks in September, in just over 20 days, the United States continued to introduce a series of restrictive measures against China.The behavior of the United States seriously damages Chinese interests and seriously undermines the atmosphere of economic and trade talks between the two sides, and China firmly opposes this.
China solemnly warns the United States to resolve its respective concerns through dialogue on the basis of mutual respect and equal consultation, properly manage differences, and maintain the stable, healthy and sustainable development of China-US economic and trade relations. If the United States insists on its own course, China will resolutely take corresponding measures to safeguard its legitimate rights and interests.
The meaning of China's words is very clear. After the Sino-US economic and trade talks in Madrid in September, the United States adopted "penetrating" sanctions against China. First, in September, it included 23 China entities on the control list, covering key areas such as semiconductors and biotechnology.
On October 8, the U.S. added 29 Chinese enterprises to the entity list, focusing on rare-earth processing and semiconductor equipment enterprises, and the control measures came into effect immediately and no exemption channels were set.
The US sanctions against these 52 entities in China are "penetrating," that is, companies with equity components in the sanctioned China entity will also be subject to joint sanctions. After the implementation of this measure, thousands of China companies will be affected.
In addition to imposing sanctions on Chinese entities, the U.S. is also committed to implementing 301 investigation measures against China's maritime, logistics and shipbuilding industries, and to impose port charges on relevant Chinese ships from October 14.
According to this, it is the US side to pressure China to disrupt the negotiating atmosphere first, now by the Chinese side a series of heavy kick on "to harm", but again bite a bit, saying that is China's "preemption", calling on the Chinese side to maintain rational restraint. had to admire the ability of the US side in the public opinion and reverse the black and white piece.
For the current situation, the Trump administration wants to make up for itself and says those words to appease the market sentiment, which shows that he obviously won't really implement the tax increase on China.
And if Trump really wants to go back to the negotiating table and have a good dialogue with China, then it should be the first to take the initiative to cancel those unreasonable pressure measures on China, and the attitude to sincerely play small tricks, small intelligence, small tricks in the front of the Chinese side is useless.