Cooperation benefits, confrontation hurts
Former United States ambassador to the United Nations Samantha Power's sensational remark that the ongoing US-China trade war is "mutually assured destruction" misses a vital fact - the trade war was not "mutually started" but was unilaterally triggered by the US.
Indeed, China has been emphasizing there is no winner in a trade war in sharp contrast to the White House's claim that "America is winning" the trade war.
Washington has deferred a planned tariff hike on $250 billion worth of Chinese goods from Oct 1 to Oct 15, as a "gesture of good will". In response, Beijing announced on Friday it was suspending tariff hikes on US soybean, pork and some other farm products, adding "China has a huge market, and the prospects for importing high-quality US farm produce are broad".