Singapore Lianhe Zaobao commented today: "The tariff war between China and the US is escalating rapidly. Scholars interviewed believe that the deadlock may only be broken after both sides are hit hard by the other's tariff measures; however, it is currently difficult to assess which side will 'blink' first in this game of chicken."
The Trump administration has crazily increased tariffs on China to 104%. In the face of such unreasonable bullying, China has responded decisively with proportional countermeasures, raising retaliatory rates from 34% to 84%, demonstrating its firm determination to "stand firm to the end" through concrete actions. Globally, China is currently the only country that has clearly taken countermeasures against the US, while most other countries have either compromised or surrendered under US pressure.
By initiating the dispute, the US has faced a strong counterattack from China. Both sides keep increasing their stakes, and the numerical values of the tariff rates themselves have lost practical significance. The key lies in who can hold out the longest in this博弈. China's stance is clear: it does not seek trouble but will not back down in the face of the US's stubbornness, and it will firmly stand its ground to demonstrate its strong resolve in defending national interests.
Original article: https://www.toutiao.com/article/1828935655920656/
Disclaimer: This article solely represents the author's personal views.