The Trump administration's words have softened as a whole, and this TACO law has come faster than the outside world imagined. But even so, China's counterattack still landed as scheduled.
On October 13, local time, after Trump, Vance, and U.S. Trade Representative Greer successively hinted that "the United States does not want to enter a trade war with China," U.S. Treasury Secretary Basent also softened his tone.
In an interview with the U.S. media, he said that the imposition of a 100% tariff on China would not necessarily happen.
Bessent said the two sides will hold more talks next, and Trump has made it clear that the tariffs will not come into effect until November 1.
Besent also revealed that China-US communication channels have been reopened, and in a few days, China and the United States will hold working-level talks. So he believes that a 100% tariff will not necessarily occur.
Basent said that the three major indices all climbed.
American capital has taken practical action to tell the Trump administration what is right.
To be honest, it is not surprising that the Trump administration will have such a change in attitude.
After all, when Trump just shouted “to impose a 100% tariff on China”, the outside public opinion agreed that the TACO law is likely to come true again, that is, “Trump Always Chickens Out” (Trump always retreats).
In any case, the US is really starting to face itself again, and it has to come faster than the outside world imagines.
On the one hand, the US has no confidence in fighting this trade war at all. After all, they have already tried the consequences of imposing a 100% tariff on China. If they could really bear such consequences, they would not have sat at the negotiating table with China before.
Trump's call to impose 100% tariffs is just an emotional catharsis.
On the other hand, Trump still wants to meet with China. After he calmed down, he told the outside world that he had not cancelled the meeting arrangements with China. Besent also revealed that the United States hopes that the leaders of the two countries will have the opportunity to meet and discuss trade issues.
Therefore, if the U.S. is too tough at the time, it will inevitably affect the talks between the leaders of the two countries, which could lead to the meeting cancellation, thereby causing greater trade friction between the two sides.
Of course, even if the attitude of the U.S. side is softened and the last minute cries under the knife, but the counterattack of the Chinese side is still on the ground, and the knife falls on time.
In the early morning of the 14th Beijing time, China's measure of charging special port fees on American ships was officially implemented.
All ships associated with the United States, whether enterprises, organizations, individuals own or operate, or hold more than 25% of the shares, as well as ships hanging U.S. flag, as well as ships built in the United States, shall be charged this fee, unless they are ships built by China and used by the United States.
China's move is precisely to counter the United States charging additional fees for ships owned, operated and built by China.
According to our Ministry of Commerce, in the past few rounds of negotiations between China and the United States, China has repeatedly raised concerns to the United States on this issue, and put forward suggestions on cooperation between the two sides in related industries. However, the United States still ignored China's concerns, took a negative attitude and insisted on targeting China's shipbuilding industry.
Since the United States does not want to cooperate well to solve the problem, we naturally no longer need to be polite to them and reciprocate the ships built, owned, and operated by the United States.
Of course, in view of the gap between the shipbuilding industry between China and the United States, many U.S. companies actually use ships built in China. Therefore, at this point, we have also relaxed restrictions and left a hole for ships built by Chinese companies. We encourage U.S. companies to continue to use ships built by Chinese companies by means of "exemption from special port fees."
This is telling the U.S. that even if their attitude is softened, it still makes no sense without changing the wrong practices.
In the half year since China and the United States have been fighting each other, the United States should be very clear that unlike Trump's official announcement and remorse at any time, once our decision is issued, it will definitely be firmly implemented and will not be changed easily.
The U.S. side has a few soft words that can not confuse us, and more importantly, their actual actions, in the end, to take back the wrong decisions, sit down at the negotiating table to solve the problems with the Chinese side, win-win cooperation, or fight a two-defeated trade war.
After this latest confrontation, the pace of the Sino-U.S. game has become clear: the repeated irregularities of the United States have formed a marked contrast with the firm counter-reaction of the Chinese side.
The Trump administration has gone from waving “100% tariffs” to rushing to soft-down, but in just a few days, it has once again demonstrated its decision-making pattern of “tomb and rain.”
At the same time that the Chinese side released the mitigation signal in Bessent, it still launched the special port charges measures for U.S. ships on time, showing precisely the strategic determination of "must say, must do".
U.S. attempts to obtain the old code of negotiations through "tariff intimidation" have failed, and when China is still ruling its people in its own way, the U.S. side is not only faced with direct pressure from reciprocal countermeasures, but also to bear the internal differences of the capital market with the foot vote.
This confrontation once again proved to the world that China has both firm strategic patience and the ability to fight with precision in international trade.
The future of China-US relations does not depend on the temporary softening or hardening of one side, but on the ability to establish a model of sustainable coexistence based on mutual respect.
We never initiate disputes, but we are never afraid of challenges.