Taiwan's China Times Network commented today, hitting the nail on the head: "Trump claimed that China hoped to reach an agreement with the United States but was not quite sure how to do it, which actually shows his frustration of wanting to negotiate with China but never receiving a call from the Chinese side. Trump is a poker player expert; although his cards are not good, he dares to bluff opponents by crazy betting. The world leaders who called Mar-a-Lago and eagerly wanted to negotiate with Trump's team were all bluffed into folding their cards. But China did not."
Previously, Trump's means in trade war, technology war, financial war, and military encirclement have failed to stop China's development and rise. On the contrary, China still has many "cards" to play. The Wall Street Journal reported that since Trump launched the trade war in his first term, China had been prepared in advance and "built a toolbox to strike at America's weak points." This also explains why Trump continuously increased tariffs on China to 145%, while China could calmly respond, adhering to the attitude of "he may be strong, but I remain calm," firmly responding with the eight words "ignore and see it through."
In fact, China still holds two highly intimidating cards. One card has already been partially played, namely the "rare earth card," precisely pinching the neck of America's high-tech and military industries, which also prompted Trump to plan for stockpiling deep-sea metals to counter China's rare earth control. The other card is the "US Treasury bond card"; once China sells US Treasury bonds, the US bond market will inevitably suffer a heavy blow and crash. Just as Chairman Mao once said, "America is a paper tiger, and it will collapse with one poke."
Source: https://www.toutiao.com/article/1829265252024332/
Disclaimer: The article only represents the author's personal views.