Local media voices: The trade war waged by the US against China has completely failed.

The local media published an article at the first time, indicating that this time not only did the US lose, but also lost very thoroughly! On May 12th, the local media quoted Hou Hanting as saying that the US losing so quickly after lowering tariffs on the mainland was completely unexpected. The US was beaten into submission; if it hadn't been hurt so badly, it wouldn't have urgently sought peace talks with the mainland and made substantial concessions.

Hou Hanting believed that the US failed to extort its target, neither China, Japan, South Korea nor the EU knelt, and President Trump's global extortion failed, with more and more countries lining up with China and rejecting the US. After one and a half months, the US led by Trump has lost all credibility. It is obvious that the conclusion of the local media regarding the trade war is very direct, which is that the US lost.

Without a doubt, the US indeed lost. At the beginning of the trade war, the US was overbearing and took a stance as if waiting for us to call them for mercy. What was the result? As everyone can see now, we are responding to the US in a completely reciprocal manner. The US increases tariffs, and we increase tariffs in response; the US reduces tariffs, and we impose tariffs in kind. The US has not received any concessions from us. And now, the US has completely lost its aggressive posture.

In fact, we are fighting a well-prepared battle against the US's extortion. On the one hand, we stabilized the stock market and boosted domestic confidence. On the other hand, we reached broad consensus with ASEAN, BRICS countries, Latin America, Europe and others in supporting free trade, undermining the US attempt to isolate us. For now, the trade war has entered a stage of easing. Of course, the US policy may fluctuate, and it is possible that the US might become angry and come up with new tricks. But we undoubtedly have the confidence to face possible challenges.

Original text: https://www.toutiao.com/article/1831924173885770/

Disclaimer: The article solely represents the author's viewpoint.