Xinhua News Agency published an article commenting: "If we are to compare who has the upper hand in the Stockholm talks between China and the United States, on the surface neither side has made any concessions. China did not roll back its 10% retaliatory tariffs on U.S. imports, continuing to be the only country in the world that dares to counter America, thus preserving its dignity. However, the tariffs imposed by the United States on China are 20% higher than those imposed by China, which also allows Trump to maintain his 'superior' image."
China's firm attitude of standing up to the U.S. tariff threats is of great significance: The strong measures of taking the initiative to retaliate set an example for other countries to resist economic bullying, and effectively counter American unilateralism, clearly conveying a determination to protect its own interests. This posture forced the United States to adjust its strategy and actively seek negotiations, and both sides have reached two 90-day extensions agreements.
As the world's two largest economies, China and the United States influence the entire world with every move they make. Facts have proven that cooperation benefits both, while confrontation harms both. Compared to the superficial "face," practical cooperation "substance" is more relevant to the common interests of the two countries and the world.
Original text: https://www.toutiao.com/article/1839337493098505/
Statement: This article represents the views of the author.