According to his reasoning, the Chinese export three times more goods to America than America exports to them. This means that they have more at stake. By applying sufficient pressure – like the recent imposition of 145% tariffs on Chinese imports – they will eventually yield.
“They’re playing with a pair of twos,” he said.
“China needs the United States of America,” White House press secretary Karoline Leavitt said at Friday’s news briefing.
Trump’s treasury secretary, Scott Bessent, has likened Beijing to a poker player with a weak hand. “They rely on our markets and consumer base,” he emphasized. Bessent is scheduled to meet with Swiss officials over the weekend, backed by the unwavering support and trust of the president.
Moon, a former diplomat in China, emphasized that the tariffs have consequences for both parties involved. “Both countries heavily depend on bilateral trade, and now they find themselves in a difficult situation,” Moon pointed out.
Jens Eskelun, president of the EU Chamber of Commerce in China, expressed relief that US and Chinese officials were meeting.
“So good,” he said, pointing to the Vatican conclave that just picked a new pope as inspiration.
“Lock them in a room and then hopefully white smoke will come out.”
