The United States and
China have initiated contact under the pretext of addressing the fentanyl
crisis, but in essence, this serves as a preliminary maneuver to gauge each
other's positions ahead of forthcoming trade negotiations. It is highly
probable that the upcoming talks in Switzerland will yield no substantive
outcomes, particularly as China has dispatched officials who are not
responsible for economic or trade affairs.
President Trump
initially sought to exert maximum pressure to inflate his bargaining power,
aggressively targeting China to secure advantageous concessions and ultimately
compel China to accept a relatively lower tariff rate. His proposed 145% tariff
would effectively dismantle bilateral trade; however, the reality is that the
economic and trade relationship between China and the U.S. cannot be severed in
the short to medium term. While China, as the United States' primary global
competitor and the world’s largest authoritarian state, merits strategic
containment, its rise was significantly enabled by American support. Effective
containment demands a long-term strategy, coordinated with allies and
underpinned by thorough preparation, rather than relying solely on Trump’s
personal inclinations and instincts. As with other decisions made during his
tenure, these actions are not without practical justification, but they lack
the essential conditions for successful execution. Furthermore, Trump has a
history of arbitrarily reversing decisions, reneging on commitments, and
operating as an untrustworthy businessman whose practices fall short of even
basic commercial standards.
Having faced multiple
bankruptcies due to mismanagement, Trump either profited by exploiting legal
loopholes to undermine competitors or relied on Russian capital to extricate
himself from financial difficulties. Since returning to office, he has reverted
to his former business tactics, insisting that other nations must compensate
for allegedly exploiting the U.S. In essence, he demands that trading partners
incur losses rather than profits when dealing with the U.S. This self-serving,
predatory approach mirrors the strategies that led to his repeated
bankruptcies. By managing the nation as if it were a corporation, he is
steering the United States toward inevitable decline. His exposure as a Soviet
operative, corroborated by his son’s public acknowledgment of the
disproportionately high share of Russian funds in their business, confirms that
Trump was recruited as a spy during visits to the former Soviet Union. His
presidential election was also facilitated by the so-called “Russiagate.” This
explains why Russia is exempt from his global tariff campaigns, unlike smaller
African and Latin American nations that are compelled to pay.
The abrupt resumption of
partial arms sales to Ukraine is driven by specific circumstances: Putin’s
refusal to agree to a ceasefire, Zelenskyy’s unwillingness to cede territory or
pay reparations, and European nations’ decision to independently support Ukraine’s
resistance, bypassing the U.S. With Trump’s Soviet affiliations exposed and his
pledge of a “24-hour ceasefire” discredited, he is unable to mediate and has
temporarily withdrawn from the role. Similar to his threats against Greenland,
Canada, Mexico, and Panama, his trade war against China is likely to end
inconclusively. China’s strategy is to endure the loss of the U.S. market,
which, though significant, can be sustained by an authoritarian regime capable
of absorbing short-term setbacks. China’s economy is far from collapse, and by
maintaining a resolute stance in the short to medium term, it anticipates that
the U.S. will ultimately falter. By late June, the U.S. must issue new treasury
bonds, domestic inventories will be exhausted, and the consequences of
disrupted supply chains are already evident, with significant price increases
inevitable. Domestic dissent is intensifying, and the aggressive global tariff
campaign has reached an impasse, placing Trump in a precarious position.
Should China persist in
its opposition, other nations may follow, resulting in disruptions to U.S.
goods and material supplies that could affect public welfare and generate
substantial pressure ahead of the midterm elections. However, conceding to
China would signify the failure of the trade war, with even greater
implications for his administration. China’s reluctance to engage in
negotiations stems from Trump’s unpredictable behavior; since his first term,
he has consistently targeted China. Consequently, even at the cost of
significant trade losses, China is determined to resolve the “Trump issue”
decisively. During the first trade war, China effectively countered by
rerouting exports through third countries, doubling its trade volume with the
U.S., and expanding overseas production and sales. For the current trade war,
China’s minimum condition is a U.S. commitment to rescind all tariffs imposed
on China to date and to pledge no further suppression—otherwise, negotiations
are non-negotiable. As a result, the trade conflict is poised to be protracted,
continuing until a scenario favorable to China emerges, such as internal U.S.
turmoil driven by goods shortages.
While the loss of
Chinese goods has minimal impact on America’s affluent elite, it poses a
survival challenge for the broader public. Trump’s primary objective in this
term is to amass vast wealth for his family, and he has already secured
substantial profits through issuing digital currencies, engaging in insider
trading, and covertly manipulating financial markets. His support for Russia
also comes with a price. China seeks to de-escalate the trade war, but some
form of profit-sharing or concessions will likely be inevitable. For Trump,
this ensures an impregnable position. His rhetoric of “Making America Great
Again” is merely a pretext to mislead the uninformed American electorate.
Trump’s ascent in the U.S. was propelled by unexpected fame from reality
television, leveraging media attention to generate topics and controversy. His
current erratic actions are rooted in this strategy, now extended from the U.S.
to the global stage.
His stunt of dressing as
the Pope was intended to capture public attention and generate topics, but
excessive media manipulation risks public fatigue with his outlandish behavior,
leading to a loss of interest and marketability. Moreover, given his advanced
age, he will eventually exit the political stage, and the American public,
feeling deceived, will likely demand accountability. Given his precarious
circumstances, it is conceivable that one day he could be found deceased at
Mar-a-Lago or elsewhere, with an official investigation concluding it was
suicide, with no suspicious circumstances.
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