中方给了贝森特面子，但美国丢了底子，经济学人：美国输了贸易战

Group 1 - The core viewpoint of the article indicates that the recent US-China trade negotiations did not yield significant benefits for the US, with both sides unable to reach a substantial agreement despite ongoing discussions [1][11] - The article highlights that the US's hardline stance and attempts to pressure China have not been effective, as evidenced by the lack of positive outcomes from the negotiations [1][3] - The analysis suggests that the US's approach, characterized by tariffs and restrictions, has inadvertently strengthened China's position in the trade conflict [8][11] Group 2 - The article outlines three reasons for China's advantageous position in the trade negotiations: first, the flexibility of China's response to US actions, which has led to a perception of unpredictability in US policy [3][6] - Secondly, China's countermeasures have become increasingly targeted and impactful, directly affecting key political and economic interests in the US, such as targeting agricultural exports that are crucial for Trump's voter base [6][11] - Lastly, the trade conflict has prompted China to bolster its industrial capabilities, demonstrating the importance of self-sufficiency in the face of external economic pressures [8][11]