Jeffrey sachs was so brave to speak out against Donald Trump trade war,like if his top advisers aren't ready to speak the truth to him,some else has to. he was bold enough to say the truth that the US hate China because China is big and successful,in a trade war between the US and China,China will eventually win because China doesn't depend on the US Market. I so much Love this man for been courageous to speak the truth.
more countries would likely revolt against the US, form trade partners and make US a common enemy and that would see the US economy in possible disaster.
The United States wouldn't be that foolish to an extreme of becoming a common enemy to their trade partners, although they obviously started the trade war to squeeze China economy but the opposite become the case as it ended up weakening the US
Economy. I think the ongoing negotiations with trade partners is to stall any future plans for a revolt and at the same time, offer better trading terms to persuade countries to stop all dealing and trading with China. it's still uncertain what the terms might be but China have already sends
warning against countries that would sides with the US reckless trade war because it will only continue to diminish global trades. What's too hard to accept defeat,I believe if Donald Trump removed all tariffs hike on China goods,the trade war would simply be over by now.
The tariff war that the United States has waged with China has been a terrible situation for the United States. However, the worst situation is that the businesses and citizens of the country have suffered because Donald Trump has dug a hole for others and fallen into the hole himself. Donald Trump tried to become economically self-reliant but has not been able to win the fight with China so far, rather Donald Trump has stopped in the tariff war.
However, I think China will never stop this trade tariff war, rather Donald Trump must bow down to this war and stop the trade tariff war. Because due to this trade war, China has tried to become self-reliant and has been able to, but the United States is suffering economically day by day.
China has already won this war indirectly because Donald Trump admitted that this war will increase the prices of daily goods and reduce the purchasing power of the ordinary people. Which cannot be a good sign for any country. Donald Trump has realized, albeit a little late, that the pressure he exerted to expand the influence for other countries could be a big blow to his country as well. That is why he decided to review it again. By doing this, China has been able to understand that they have to capture the alternative market of the United States. If the United States dreams of squeezing China with such sanctions in the future, they won't get that opportunity.