By Sanxuan

After the National Day holiday, our countermeasures against the United States have been coming one after another. From the Ministry of Commerce issuing a notice on strengthening the control of rare earth exports, to adding 14 foreign companies to the list of unreliable entities, and then imposing special port fees on vessels operated by U.S. companies, each move has hit the core of the United States. Now, Trump finally can't hold it anymore, but unfortunately, the U.S. side has no plan to deal with it.

Trump: I have no way either

China's strong countermeasures

The most shocking move for the Trump administration in our countermeasures is the rare earth export control measures. U.S. media described it as an almost unprecedented export control that will cause a devastating blow to the U.S. AI industry. Remember when the Ukraine conflict broke out, the Biden administration kicked Russia out of the dollar settlement system, and Western media called it a "financial nuclear bomb." Now, this situation is equivalent to us dropping a "raw material nuclear bomb" on the U.S. AI industry.

According to multiple White House sources, China's countermeasures were not announced in advance to the U.S., leaving the Trump administration completely unprepared. They are still struggling to buy rare earth magnets and have come up with all sorts of tricks to "steal, snatch, bribe, and deceive" from us. Now, we have further tightened the control measures, deciding to "review each application individually" for exports to the U.S. and the West. Their difficulty in obtaining rare earth magnets will increase several times.

Rare earth export controls need to be further tightened

What makes Trump even more uneasy is that since he took office, the growth of the U.S. GDP and the rise in the stock market have been almost entirely driven by the AI industry. If China takes too harsh measures, the development of the AI industry will be severely disrupted, and the already tense U.S. economy will immediately face problems.

Trump brings up decoupling again

Therefore, Trump must respond. According to him, Treasury Secretary Brian Deese and Commerce Secretary Gina Raimondo are discussing a response plan. Perhaps we have to stop importing a large amount of goods from China. Yes, not importing goods from China is Trump's response plan, which is in line with his usual logic in handling Sino-U.S. trade issues: it's Chinese companies that need the U.S. market, and China needs the dollar.

But the problem is, in April this year, after Trump launched a tariff war, Sino-U.S. trade experienced a "factual decoupling," during which both sides raised tariffs to 145%, and their trade was suddenly halted. Remember that period, Trump kept saying to everyone, "Now China is in trouble, its economy isn't good, employment is bad, without doing business with the U.S., it will soon collapse and come begging to the U.S.," etc.

Trump picked up the microphone before getting a call from China

But what actually happened? Our economic development was almost unaffected, while the U.S. industries, especially the retail sector, nearly faced a total collapse because they couldn't get Chinese goods. You know, the U.S. society runs basically on Chinese industrial products. Buying from other countries or producing domestically can supply part of it, but how high the cost would be is hard to say.

Shift in the Sino-U.S. balance of power

In the end, under the protests from the retail, port, and transportation sectors, Trump admitted defeat and approached us to start trade negotiations. The fact proved that compared to China needing the U.S., it's actually the U.S. that needs China more. Based on this big background, Trump talking about decoupling with China is obviously like picking up a stone to throw at his own feet. Previously, it was the left foot that was hit, now it's the right foot. This once again shows that Trump truly has no solution for China.

Sino-U.S. rivalry, shift in power

Actually, our position has always been clear: only through mutual respect, peaceful coexistence, and win-win cooperation can we promote cooperation. We have continuously taken countermeasures because the U.S. has made unreasonable demands, and this is a way for Americans to understand. Everyone can wait and see, during Trump's term, we will have more similar responses, even proactive actions. The Sino-U.S. rivalry has shifted, and a new world order is already on the way.

Original article: https://www.toutiao.com/article/7559501975977706047/

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