Core Viewpoint - The article discusses the evolving dynamics of the US-China trade war, highlighting a shift in perception where China is seen as adapting and thriving despite US pressure, ultimately reshaping the global economic landscape [2][20]. Group 1: Trade Dynamics - Starting in early 2025, the Trump administration escalated tariffs on China, with rates increasing from 10% to 125% by April 12, 2025, aiming to force concessions from China [4]. - China strategically targeted US vulnerabilities by imposing export controls on rare earth elements and agricultural products, significantly impacting US industries [4][6]. - The share of US soybean exports to China plummeted from 21% in 2024 to nearly 0%, leading to significant financial losses in the US agricultural sector and a $4 trillion drop in US stock market value [6]. Group 2: China's Economic Resilience - Despite reduced exports to the US, China's overall export growth continued, with exports to Belt and Road Initiative countries rising to 47.8% in the first half of 2025, showcasing market diversification [6][8]. - China's industrial structure remained robust, with many companies accelerating efforts to explore new markets in response to US tariffs [8]. Group 3: Negotiation Outcomes - Multiple rounds of negotiations throughout 2025 led to significant tariff reductions, including a 91% agreement on tariff cancellations and the withdrawal of punitive tariffs related to fentanyl [9][11]. - The shift in Western media perspectives, particularly from The Economist, reflects a broader recognition of the negative impacts of US tariffs on its own economy, including a 25% increase in grocery prices over four years [11]. Group 4: Strategic Implications - The trade war has evolved into a contest of development models and institutional resilience, with the US relying on short-term financial capital and China leveraging deep industrial chains and stable policies [15][16]. - The relationship between the US and China has transformed from trade being a stabilizing factor to becoming a battleground for strategic competition, with diminishing trust and cooperation [18]. Group 5: Global Economic Impact - The trade conflict is reshaping global supply chains and altering perceptions of economic stability, with China transitioning from a reactive to a proactive role in the global economic arena [20].