Mr. Toshio Masuda
Trump did not let go of his America First stance, and although he thought he had come close to an agreement in the four-month U.S.-China trade negotiations, he flirted and returned to the trade war.
Since there is still time before the 2020 presidential election, he will try to earn points by showing voters his aggressive stance against China. On the other hand, for Xi Jinping, the US-China trade war is a quarrel sold by Trump, so if he does not buy it, his authority will be damaged, so he will boldly counter with retaliatory tariffs with loud voices of criticism against Trump.
Since the restoration of diplomatic relations between the United States and China in 1979, the United States has supported Deng Xiaoping's reform and opening up, requested ODA support from Japan China, provided financial support with dollar-denominated bonds, eliminated exchange rate risk with the dollar-renminbi peg (fixed exchange rate), and continued to support the Chinese economy by giving the milk of free trade, and as a result, China has finally become the second largest economic power after the United States.
Both Trump and Xi Jinping are working to realize the secret agreement (released in February 2002) between Nixon Kissinger and Zhou Enlai and Mao Zedong in 1972 that determined the future basic relationship between the United States and China. The basic relationship between the United States and China is that 1) the U.S. military will withdraw from Asia when China is ready for military hegemony in Asia, and 2) the two countries will form a strategic partnership and cooperate in both military and economic fields.
Trump has already declared that "America is no longer the world's policeman," and U.S. troops in Okinawa will be withdrawn by 2026.
Since the US dollar axis will also change to the IMF's SDR from 2025, it is only a matter of time before the dollar abandons hegemony.
Until now, the United States has nurtured China on its back, but now it is China's turn to carry the United States on its back. Economic structural reforms (from external demand to domestic demand), which Xi Jinping did not dance at all even when he blew the whistle, the elimination of zombie companies, and the development of high-tech technologies are progressing thanks to Trump's trade war offensive. Trump wants China to have an economy that will not falter the United States.
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