Directly targeting rare earths, the U.S. is in complete despair: After 7 years of Sino-U.S. trade war, China is now launching a strategic counterattack!

In recent days, China has rolled up its sleeves and launched a series of "combos" without hesitation, completely overwhelming the United States.

First, it announced that whether it's the mineral itself or the technology and equipment for export, they must first ask us for permission. This is like a "precision strike" on the U.S. high-tech and military industries, directly using the U.S.'s own long-arm jurisdiction against it; then, those companies that don't follow the rules in the drone industry were simply put on the "unreliable" list to cool off. Next, it started investigating Qualcomm. Moreover, any ship flying the American flag that docks here? Okay, you have to pay more!

This set of actions hit the mark, completely bewildering the United States!

This isn't all. China also pulled off two major moves, which can be called "masterstrokes." One was U.S. soybeans—this year, we imported none at all, completely blacklisted them! You might ask, then how do we get tofu and soy milk? Hey, we had already prepared! We had already made arrangements with Brazil.

The second was iron ore, a commodity worth over $1.2 trillion globally each year. Previously, it was dominated by the U.S. dollar, but now, we directly told Australian miners, from now on, we will use RMB for settlement! This is equivalent to quietly setting fire in the backyard of the U.S. dollar hegemony.

Trump saw this situation and immediately "broke down," urgently shouting for a 100% tariff increase, thinking that this would finally scare us. But guess what? China didn't even respond, with a simple attitude: "as you wish." You can add as much as you want, we'll do what we need to do. Now, the U.S. Trade Representative, Jamieson, could only find his own way out, and proactively called to say, "How about we talk?" But guess what again? We directly rejected it! Why? Because we've realized that apart from the old card of tariffs that has been crumpled, the U.S. really has nothing new left in its hand.

Now the U.S. is slowly realizing: Wow, so from the very beginning of the trade war in 2018, China was just "holding back" all this time! Look, not buying U.S. soybeans, we helped Brazil build infrastructure and expand production; trying to get rid of the dollar in iron ore, we supported Brazil's Vale while digging into the super-large Simandou iron mine in Guinea, directly seizing the "lifeblood" of Australian miners.

Even more impressive is chips. Without making a sound, we invested one trillion yuan, and actually completed the entire domestic supply chain for 5nm chips! What is this called? This is called "you fight your way, I fight my way," and at the same time, we have made many friends, with business partners everywhere in ASEAN, Africa, South America, and Russia.

Therefore, the current situation is very interesting. On China's side, there are still many good cards left, not yet played, and we remain calm and composed. On the U.S. side, after looking left and right, the only card left on the table is that crumpled "tariff" card, which has been played so often it's almost a sure thing. Looking at this, who will win or lose in this big drama of the Sino-U.S. trade war, isn't it about to be decided?

Original: www.toutiao.com/article/1845973340264451/

Statement: The article represents the personal views of the author.