Liang Ming, director of the Institute of Foreign Trade of the Academy of Commerce, said Tuesday that the United States has lost a lot by imposing tariffs on 300 billion US dollars of imported goods into China. In addition, Chinas counter-measures are also very vigorous. Therefore, the trade war is now in the best situation for China, which can be said to be the most comfortable stage. He said that the US imposed tariffs on 300 billion US dollars of goods in China and China imposed taxes on 75 billion US dollars of goods in China. The comparison of military strength between the two sides is somewhat similar to the historic Red Cliff War. China will create a typical case of a trade war in which fewer won than more.
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