This former US trade representative in China feels that Donald Trump’s new 100% tariffs will fail. Again. Here’s why

Jeff Moon, a former China’s US trade representative assistant during the Barrack Obama administration, believes that US President Donald Trump’s new rates against China ‘will be limited and ineffective. Moon spoke to Bloomberg TV on October 11 and added that he thought Donald Trump had to learn in April that he had to roll back tariffs, that the US could not maintain excessive duties against China in the long run. Trump’s new rates to be ‘limited and ineffective’, says Jeff Moon talking on the ‘The Close’ of the Channel, Moon felt that Trump’s movement was one that proved to fail. When asked why he thought that increased rates against China would be ineffective, Moon remembered how Trump rolled up the 145 percent rates in April, which led to the “Taco” mark remarks -that is, the “Trump Always Chickens Out” memes. “The Chinese did not return (in April), not at all. And after that, Trump cut back, Trump cut. And I think he should have learned from the experience that rates at that massive rate are just not sustainable, and that there are many ingredients that would strictly object,” Moon said. He added that the government for the Chinese side, although the ‘people would be injured’, ‘would play the nationalism card’, adding: ‘Honestly, the Chinese people would eat the pain, and so it wouldn’t work out very well for Trump.’ About China’s attempt to limit rare earth -mineral exports … Moon felt that Trump’s new rates had influenced the US -China’s trade conversations to a certain extent. He was of the opinion that China’s countries were planned and “intentional” on the export of rare nature minerals, and came in response to the ongoing US rates on various goods, despite talks that advanced. “Over the past few months it has been surprising how the rhetoric has changed. (US Treasury Secretary Scott has talked about the respectful interaction with his Chinese colleague, and how honorable they are. The tone was modified, it was very business-like,” Moon said. He added that on the Chinese side they probably saw that the US had still imposed restrictions and “really fucked it”. He noted that Chinese export restrictions were announced after a long national holiday, which means “these restrictions were planned and approved before the holidays. It is not a casual event, it was something very intentional.” Insight from the time to work with Chinese: ‘Always retaliation, self -sufficient’ Moon felt that although American tactics in dealing with China have not changed over the years, it is now more aggressive. When he gives insight into how he sees the Chinese dealing with such problems, he said: ‘The Chinese always have retaliation again. If the Chinese feel that they are grieved, they will pay 100% plus 10% extra. ‘ He added that they were looking for leverage in various forms. “One way they do this is to try to divide and conquer. It is to find interests in the US that will oppose the government. For example, the semiconductor industry in this case. And also to try to do the same thing internationally to try to find, you know, other countries that will object, ‘he added. He also believes that another consistent Chinese theme is self -sufficiency. ‘The Chinese in violation of the Trump administration’s faith – since the founding of the People’s Republic – have always spoken, developed their own technology and never depended on foreigners. And there are many of these themes just, we get them in different scents, I think in this context and more aggressive, ‘he added. How can future discussions look like between the US and China? When asked if there could restore talks between the US and China, and whether there was anything the US should offer to bring China back to the negotiating table, Moon was optimistic. ‘The Chinese want several things from the US. They want the tariff to be specifically reduced, the 20 percent rates, which Trump is believed to impose as a result of Fentanyl. They do – despite what they say – want us to impose chips. They have just imposed a variety of restrictions, but they want the chips. And the restrictions can be lifted immediately, ‘he noted. He also pointed to the Chinese need for aircraft parts, student visa and invested in the US. ‘So there are many issues that have been discussed, and there are things the US Chinese want. Although, they systematically had a kind of re -account, both their needs and both exports to avoid restrictions in the US, ‘he added. US trade ambassador Jamieson Greer says ‘ready for a trade war’, especially in an interview with Fox News, US trading ambassador Jamieson Greer said the US is ‘ready’ for a trade war with China. “Well, we’ll see. It doesn’t have to be. But we are ready to do this if necessary. We think the American people are with it, ‘he said. Greer said the US wants a balanced relationship with China, “but it needs to change aspects of its economy where it produces too much (has) unfair trading practices, and it tries to force everyone to do what it wants.” “I think we can have a better relationship. The President (Donald Trump) and President XI (Jinping) have a good relationship. We actually have good conversations with our peers. But we are in the middle of finding out where each other’s lines are. And we, we need to take this time over the next few days to see if there is a way forward. Whether it means a lock on the tapping agreement, Greer did not have answers. “I believe it’s a separate matter. It was not part of the discussions. ‘