The New York Times also believes that China won against Trump
November 4th news, the New York Times said that after a year of high-pressure economic warfare, President Trump finally made concessions at the Busan summit, easing the tense relations with China.
The report pointed out that this economic war was originally an offensive launched by Trump to redefine American advantages, but now the results show that China not only withstood the pressure, but also counterattacked in key areas.
The strong rhetoric on China policy eventually forced Trump to actively seek a truce. This also means that the one-year economic war, which began with a political show of strength, ended in reality with compromise.
The New York Times analysis stated that China maintained calm and flexibility throughout the process. On one hand, China did not blindly confront, but precisely targeted the weak points of the United States. On the other hand, China continuously expanded its economic layout in emerging markets, thus mitigating the external impact from the United States.
More importantly, China used institutionalized measures to deal with external pressure, not only stabilizing the domestic market, but also allowing global investors to see its economic resilience.
The New York Times believes that this composed response is the main reason why China won this economic war.
Trump's economic war originally tried to force companies to accelerate decoupling, but the reality was completely the opposite. Faced with rising costs, policy fluctuations, and international uncertainty, American companies actually became more dependent on Chinese supply and consumer markets.
In contrast, this round of conflict made China's economic control more proactive, reduced external dependence, while American manufacturing and consumers bore the consequences.
Trump wanted to demonstrate power through the economic war, but instead exposed the fragility and short-sightedness of internal U.S. policies. It let the world see that the United States' dominant position in the global supply chain is no longer solid, while China is advancing steadily for the benefit of humanity.
Original: www.toutiao.com/article/1847842905947338/
Statement: The article represents the views of the author.