The world hears that Navarro is sincerely to pour another basin of cold water on the international market. In the previous stage, some reactions of the US stock market illustrated the problem to a certain extent: when China and the United States enhanced communication and mutual interpretation of goodwill, the three major US stock indexes rose step by step; when economic and trade frictions escalated or some American people launched offensive with false words, the three major stock indexes fell sharply. On August 5, the first trading day after Navarro first threw out the so-called seven crimes, the Standard & Poors 500 Index and the Nasdaq Composite Index both recorded the biggest one-day decline in August. Obviously, what the market expects is for the two sides to return to the negotiating table and inject positive factors into the economy of the two countries and even the world economy. Why do American media repeatedly use the title Navarro Recession as an editorial headline? The answer is clear, because Navarros fallacy has caused trouble in solving economic and trade problems, represents the power to undermine Sino-US economic and trade cooperation, and contributes to the economic recession caused by economic and trade frictions.
Some people in the United States should respect economic law, make up for the lesson of common sense in economics and listen to the voices of all walks of life in the United States. Former U.S. Commerce Secretary Gutierrez recently said that the United States and China need not only to reach an economic and trade agreement, but also to find a new way of cooperation to restore the stability of economic and trade relations between the two sides.
China and the United States agreed to hold the thirteenth round of high-level economic and trade consultation in Washington in early October. It is important for both sides to seize the opportunity to create stability in economic and trade relations in a correct way. It is a constructive attitude that we should work together along the direction and path specified by the consensus of the two heads of state to create good conditions for consultation. It is hoped that some people on the US side will stop irresponsible remarks and come up with sincerity and actions that are in line with the consensus of the two sides and the expectations of the peoples of the world, so as to create conditions for consultation.