[Financial Times: Trump Will Lose in the Trade War with China for Three Reasons]
First, countries around the world will not want to support the "jihad" against China initiated by the United States under Trump's administration, because during his term, the U.S. has become an "unreliable" country.
Second, the U.S. has canceled "reciprocal" tariffs. Trump has lost his leverage in trade negotiations. He can no longer raise tariffs, otherwise the Treasury bond market will trigger another turmoil.
Third, it seems that China is in a worse situation than the U.S., but in fact, China is fully prepared to cope with the economic attrition war with the U.S. China can make up for the lost American market demand through domestic consumption. In addition, China can maintain development without relying on U.S. imports, as years of export controls have enabled China to make great progress in producing products that do not rely on U.S. technology.
Original article: https://www.toutiao.com/article/1829346225810444/
Disclaimer: The article only represents the author's personal views.