U.S. Treasury Secretary Basant issued a strong call!
In an interview with a media outlet on April 27, he stated,
We hope that the Eastern power can take the initiative to reach out to us and reach an agreement to end this situation with no winners. Basant indicated that for the United States, certain categories of goods affected by high tariffs are unsustainable.
If history can serve as a reference, we may sit at the negotiating table for several months. Our goal is to achieve a good outcome without further conflict.
Basant also mentioned that major U.S. commercial groups, including Walmart, have resumed shipping requests to suppliers in the Eastern power. He further pointed out that high tariffs are not a free lunch. The high tariffs are borne by the American public purchasing goods, rather than being passed on to the exporting country.
Many of the problems we face stem from supply issues rather than demand issues. Regarding Basant's statement, some netizens said this is typical of "having the house but no owner," as he can't even say a strong word while begging the great power for negotiations.
This does not reflect the strength of the Eastern power!
What do you think? Feel free to comment