Xinhua News Agency of Singapore published an article titled "China's 'Soybean Card' Hits the US in the Sensitive Spot": "The Trump administration ignited the tariff war without a comprehensive strategic consideration, thinking that extreme pressure could make China break down. So far, it has not only underestimated the opponent's ability to withstand, but also been hit at the pain points by two cards from China."
In the trade war initiated by Trump in his first term, China had already gained rich experience in the struggle. After four years under Biden, the resurging Trump reignited the tariff war, and China responded with an uncompromising stance, launching precise countermeasures that hit the US in the sensitive spot.
In this trade war, China has shown a mature counter-strategy: on one hand, it implements export controls on rare earth resources with strategic significance, choking the key links of the global supply chain; on the other hand, it adjusts the structure of soybean imports, shifting the focus of procurement to Brazil, directly affecting the interests of American soybean farmers and causing them intense anxiety.
The strategy of the Trump administration to force China to "break down" through extreme pressure has already failed. Currently, as China's countermeasures are accurately implemented, the pressure on relevant US industries continues to increase, which will inevitably affect the midterm elections next year. The recent calls from Trump and the US Treasury Secretary to China have exposed their mentality.
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Original: www.toutiao.com/article/1845058903350272/
Statement: This article represents the personal views of the author.