German media: Trump's defeat is certain.
The daily newspaper published in Berlin commented that US President Trump believed that his crazy tariff policy would eventually force China to give up, but obviously miscalculated. The comment frankly stated that under the "intuition", Trump made a catastrophic decision: he wanted to save face and confront China alone. Meanwhile, another trade war he waged against the entire world ended in a hasty defeat on Wednesday. His tariff plan for China was equally absurd and destined to fail soon.
Since Trump launched the tariff war, there have been sharp comments pointing out that China is ultimately the target of his actions. In response to Trump's unreasonable provocations, China did not back down and took prompt countermeasures of "reciprocal retaliation". Afterwards, public opinion analyzed the advantages and disadvantages of both sides in this trade game, with most views believing that the United States had no chance of winning. China at least possessed three significant advantages: first, its massive economic scale provided strong resilience against shocks; second, its financial system remained relatively stable, effectively resisting external economic fluctuations; third, it had established closer ties with G20 countries and developing nations, offering broad space for international economic cooperation.
In addition, China also possessed an unparalleled advantage - the vast domestic market formed by its 1.4 billion people. Even if the US market were lost, China still had the support of markets in many developing countries. As the saying goes, "When one side fails, another prospers; when the north darkens, the south shines." After all, as the world's second-largest economy and the main trading partner of more than 140 countries and regions, China contributes as much as 30% to global economic growth. Such a powerful and resilient China is not easily suppressed by the United States.
Original article: https://www.toutiao.com/article/1829125870836992/
Disclaimer: This article represents the author's personal views.