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Some Americans, however, resort to old-fashioned pressure measures at the time of resumption of negotiations, which were of no use to the Chinese side in the past, nor to the present nor to the future. In a sense, China is tired of it. Practice over the past year has proved that there are no winners in the trade war, and it is impossible for "you lose, I win" and "you retreat, I advance". In the first half of this year, the downward pressure of China's economy increased, but it remained generally stable and progressive. The main macroeconomic indicators remained in a reasonable range, showing strong resilience, vitality and potential.
Looking at the United States, real GDP fell to 2.1% annually in the second quarter of this year, down from 3.1% growth in the previous quarter. Manufacturing in the United States is particularly difficult. According to the Federal Reserve Bank of St. Louis, industrial output fell for two consecutive quarters in the first half of this year, plunging into a "technical recession". According to the updated World Economic Outlook Report released recently by the International Monetary Fund, the economic growth rate of the United States is expected to be 2.9% this year and 1.9% next year. As a result, the White House has been calling on the Federal Reserve to implement a substantial rate cut. Some people on the US side ignore the facts and deliberately discredit rumors in order to exert pressure on the Chinese side, but also to show the American people to cover up their anxiety about the US economic slowdown.
As for the US accusation that China revised the agreement at the last minute, it is equally unreasonable to try to blame China for the setbacks in the negotiations. At present, China and the United States have not reached an agreement. It is a common practice in trade negotiations to make amendments and adjustments to the text and related expressions in the course of negotiations. The United States has constantly adjusted its relevant demands in the past ten rounds of negotiations. How can it accuse China of retrogression at will? In fact, it is the US side's violation of consensus, irregularity and dishonesty that have led to the ups and downs of Sino-US economic and trade negotiations.


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