博雅看市
--
Why does China choose to stand firm against the U.S. this time? — First interpretation of China's internal logic of countermeasures by Quanguang Square
Recently, there have been many voices online saying that China’s hard confrontation with the U.S. can indeed harvest nationalistic sentiment, but winning face comes at the cost of losing substance. For the livelihood of hundreds of millions of people, it does not matter if we kneel to earn money; after all, nothing is more important than people’s food.
Is that really the case?
The above statements have some truth, but they have not understood the essence of this trade war at all. Next, let’s discuss why China chose to confront hard instead of compromising this time.
In the 2018-2019 period, it was the same trade war initiated by Trump, who imposed tariffs on China. At that time, China actually chose to compromise for the livelihood of hundreds of millions of people. The way to compromise was to sign the first phase trade agreement with the United States, but in the end, Trump still imposed tariffs of 7.5%-25% on China. Subsequently, China promised to increase annual purchases of $200 billion worth of energy and agricultural products from the United States.
Is that really the case?
The above statements have some truth, but they have not understood the essence of this trade war at all. Next, let’s discuss why China chose to confront hard instead of compromising this time.
In the 2018-2019 period, it was the same trade war initiated by Trump, who imposed tariffs on China. At that time, China actually chose to compromise for the livelihood of hundreds of millions of people. The way to compromise was to sign the first phase trade agreement with the United States, but in the end, Trump still imposed tariffs of 7.5%-25% on China. Subsequently, China promised to increase annual purchases of $200 billion worth of energy and agricultural products from the United States.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
0
0