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🔴A Harsh and Unusual Lesson for America:
The trade war exposes the fragility of the American economy against the industrial power of China!
This trade war has increased public awareness of the damage that Chinese economic sanctions inflict on the United States:
1. The ban on rare earth metal exports dealt a severe blow to the American military and high-tech industries, to the extent that Musk had to request China to export rare earth metals for manufacturing robots.
2. The Chinese market remains critically important for American agricultural products, crude oil, natural gas, Boeing, and electronic chips.
3. Americans may be able to find alternatives for clothing or shoes made in China, but many essential goods, from keychains to mobile phones to household appliances, do not have sufficient production capacity in the world to replace Chinese goods.
4. Detaching from China will lead to the collapse of the American financial market, the US dollar, US bonds, and the US stock market.
Compared to the damage inflicted on the United States, China's domestic material supplies are sufficient, the stock market is stable, and exports have certainly been affected to some extent, albeit limited.
Next time when the United States does something bad, punish it.#TrumpVsPowell