Trump publicly announced that the trade war had begun, and the United States also sent people to Beijing for discussion. Wang Yi handed over three sentences, giving Washington another opportunity to salvage it. Will the White House "TACO" again?
Are China and the United States fighting a trade war now? US President Trump gave a clear answer. On October 16, local time, Trump responded, “Well, you’re there now,” and Trump added, “We have 100% tariffs, and if there were no tariffs, we would be seen as nothing.”Until then, the Trump administration has been thoroughly stacked, he is not only preparing for a trade war with China, but even in his heart believes that the war has now begun, in which case, China seems to have no other choice than to take over the war.
However, although Trump appears radical and even crazy on trade issues, China, in order to maintain trade stability as much as possible, still treats the United States with courtesy before attacking, trying to avoid a worsening of the trade war as much as possible. Recently, Schwarzman, Chairman and CEO of Blackstone Group in the United States, visited Beijing, and Wang Yi, Director of the Central Foreign Affairs Office, met with him. As an American capital giant, Blackstone Group can be regarded as a representative of the American economic community and a pioneer in sounding out the Trump administration. Therefore, the significance of this dialogue cannot be underestimated.In the face of the Blackstone Group CEO, Wang Yi sent the U.S. three words, these three words are worth giving Trump another chance.
Wang Yi first pointed out that Sino-US relations are "the most important bilateral relationship in the world today." This sentence is undoubtedly a high affirmation of the relations between the two countries and shows China's position of attaching importance to Sino-US relations. It is equivalent to a polite good word. Immediately afterwards, Wang Yi stressed that for the two great Chinese and American powers, peaceful coexistence is the basic bottom line that must beined, equality, respect, and reciprocity are the right ways to deal with, "disconnected chain" is not a realistic rational choice, the opposition confrontation will only be defeated and wounded!The Chinese side has said similar words many times in the past, no longer need to interpret, literally means the message that the Chinese side wants to pass on to the U.S. side, the Chinese side is calling on the Trump administration to regain reason, hurry to dialogue with the Chinese side, do not go to the two-defeated wrong line of confrontation!
Now, The ball has kicked back at Trump’s feet, whether it really is a trade war with China or a quick end to the conflict, largely depends on his next option.An interesting word has to be mentioned here. In recent months,"TACO transactions" have been increasingly discussed on foreign social media. The origin of the word is the English acronym of "Trump always gets cold feet", which forms "TACO". The rule summarized is that Trump always gets tough on trade issues first and then gives in, so when Trump makes threats, don't be afraid. This is the time to enter. Although Trump himself is very angry with this word, practice time and time again has shown that the "TACO deal" is still quite effective.
Back to the topic of Sino-US trade, despite Trump's current aggressive attitude, the Trump administration cannot actually afford the price of a full-scale trade war with China. It's still the same old saying that has been said countless times, Sino-US economic and trade cooperation is deeply interdependent, and it is not good for both sides to fight a trade war that may lead to complete decoupling now. Trump's term of office is still more than three years away. If he insists on fighting a trade war with China, it may cause the economy of the United States to collapse during his term of office. At that time, Trump will end his term of office in a mess. He should be able to anticipate this.Therefore, Trump had better seize the opportunity given by China, stop being stubborn, and quickly sit down and have a dialogue with China to end this trade war!