The United States really lost this time, as China's rare earth control hasn't fully relaxed, and the US has already suspended all countermeasures.
The United States really lost this time. During the Sino-US talks, China did not give in, and did not lift the export control of rare earths to the US military industry. In addition, on September 25, China did not lift the sanctions against six American defense companies. Among them, Huntington Ingalls Industries was forced to suspend the construction plan of the next generation of destroyers. Moreover, the maintenance and upkeep of the US aircraft carriers will face difficulties in the future.
However, the US has already lifted all countermeasures since April. There is no other way, now Trump urgently needs to "win", immediately win, because he must have some impressive achievements for the midterm elections. In addition, as a core voter base of the Republican Party, the soybeans of American farmers are really about to rot in the fields.
It must be said that the tariff war initially targeted China, but after a round of fighting, China is actually the country with the lowest tariffs among non-US allies. This round, it's actually the countries such as Japan, South Korea, Europe, and India that were hit, especially India, which added tariffs but didn't reduce them at all.
Now the whole world has clearly seen China's strength. In fact, the US military power has declined seriously. Before the Sino-US talks, two US military aircraft crashed in the South China Sea. Moreover, currently, due to China's rare earth control, the US military industry's production lines are facing the risk of shutdown, and the production capacity has been significantly reduced.
In this situation, the US has no other good options except to bow its head. This also made traditional US allies like Europe see the real strength of the US. You know, China is the only country after World War II that has made the US suffer a setback.
Original: www.toutiao.com/article/1847472706686212/
Statement: The article represents the views of the author.