美媒告诉3亿美国人，中国已经赢下关税战，特朗普输了就要认

Core Viewpoint - The editorial argues that China has gained the upper hand in the trade confrontation with the United States, highlighting concerns within the Republican Party about the economic implications of continued aggressive policies [1]. Group 1: Trade Policy Adjustments - The U.S. imposed a 145% tariff on Chinese products in early April 2025 but postponed the implementation for the EU and Canada due to strong opposition from allied businesses [3]. - The U.S. exempted certain electronic products from tariffs to protect domestic tech companies, responding to industry pressure regarding the time costs of shifting production [5]. - President Trump indicated a potential significant reduction in tariffs on China, reflecting market anxiety and concerns over inventory issues faced by retail companies [7]. Group 2: Economic Impact and Market Reactions - The stock market experienced pressure and a decline in technology stocks, prompting the Federal Reserve to consider policy tools to stabilize the situation [9]. - China's retaliatory tariffs on U.S. agricultural products and the control of rare earth exports have led to significant export losses for the U.S. and a slight downward adjustment in growth forecasts [10][11]. - The editorial notes that many Americans are beginning to recognize the accumulating costs of the trade dispute, with businesses adjusting their strategies to increase backup inventories [14]. Group 3: International Relations and Responses - Japan's Prime Minister stated that Japan would not join U.S. restrictions due to its reliance on the Chinese market, indicating a preference for independent trade management [12]. - Other countries like South Korea and Australia are also cautious about engaging in tariff discussions with the U.S., preferring to assess domestic impacts first [12]. - The editorial concludes that China's strategy has been effective, as evidenced by the ongoing tensions and the lack of clear communication between the U.S. and China regarding tariff negotiations [16].