Who will retreat first, the US president, or his Chinese counterpart, Xi Jing? This is the question that concerns the planet, in its context, which began at Washington’s initiative and is escalating.
In yesterday’s last week, informing the White House, -just 22 minutes of Diapesia -, the journalists persistently raised the question to the press spokesman, Caroline Livit, if Trump waits for her, to make her first move and ask them to negotiate.
The optimistic Trump, the foolish Si
Livit responded to Sibylus that the president is optimistic that this would happen, and stressed that the other countries-obviously all other countries, not just China-those who need the US and not the other way around. Trump himself had earlier stated that “the US is doing very well with tariff policy”.
Analysts and experts do not share the optimism of the US president. And this is because on the one hand, there is Trump, known for his persistence and unpredictable character. In addition to the enormous turmoil and losses in international markets, its alienation tariff policy even divides its supporters.
However, the basis of the hard -core who remain loyal to the US president and are willing to sacrifice if America is going to win. Indeed, some, such as the billionaire Hedge funds, Bill Akman, who initially described the imposition of duties, changed his mind and considers Trump’s approach to renegotiate with the US partners.
On the other hand, there is Si, the strongest leader in China, after Mao Che Tong, who has a reputation for a relentless, -is enough to remember endlessly Locke Down who imposed during the Coronovirus pandemic, even when it was no longer necessary.
What do they really seek, what will cost them
Compared to Trump, Si has the advantage that he has no election, as he has abolished the limit on the number of terms that China’s president may serve since 2018. In addition, he can use Trump’s excellent excuse to reduce growth in China. He should, however, convince the Chinese that his fierce attitude towards the US is worth their hard work and sacrifices.
Similar efforts should also be made by the US government in order to reassure US consumers that they will not bear the cost of the US-China trade war.
That is why Jameson Green, one of President Trump’s key partners on trade issues, hastened to describe “certainly unlucky but without surprising”, yesterday’s decision by China, after launching 145%of US duties. “We are on the right track,” Green assured.
But as the Washington Post pointed out, Trump’s highs in China are essentially equivalent to the trade in the country’s trade, which is the largest exporter in the world. And this is coming to the worst possible time for China, as the real estate market is in crisis, young people’s unemployment has increased a lot, and domestic consumption has declined significantly.
Beijing has set a 5%economic growth for 2025, but with the Trump trade war, many Goldman Sachs economists estimate that growth will not exceed 4%, while some see only 2%increase.
The Chinese president, who stressed that there are no winners in a duty war, is trying to open the EU, as he said after yesterday’s meeting in Beijing, with Pedros Sanchez, the Prime Minister of Spain.
“Relations between the EU and China must be reinforced, in order to jointly protect globalization, the international commercial environment and to resist unilateral bullying actions,” Si said before signing an agreement with Spain to introduce pork meat (pork).
