It has been quite a long time since the Madrid talks ended, and the outside world was generally expected that the Trump administration would release a meeting signal to China, or intend to draw a stop to the Sino-U.S. trade dispute. However, before the expected easing stance was formed, the U.S. side led to break some kind of silence formed after the Sino-U.S. talks, and was eager to take a series of restrictive measures against China. In the face of this behavior of the U.S. side, China then took strong countermeasures.

It stands to reason that Trump clearly knows that he didn't have the upper hand in the trade war. Why did Trump suddenly turn his face? At the same time, the CEO of Pfizer in the United States said that China is five times that of the United States, and it is necessary to cooperate with China.

So in this context, where will Sino-US relations go?

Trump is angry with Lutnik.

In fact, countermeasures from China's National Day holiday, such as further strengthening controls on rare earth exports, expanding the scope of control to rare earth technology, equipment and even magnetic materials that have been processed through China, this step directly allowed Trump to break the defense.

Social platforms angrily criticized China with thousands of words, saying bluntly that China has become hostile, which is strange.

U.S. Trade Representative Greer also said that China's move hit the United States too soon, and it seems that Trump's authorities don't know why China would suddenly do so.

In this regard, the Hong Kong media report seems to understand Trump's action.

It is reported that after the Madrid talks, the U.S. Department of Commerce introduced the "50% rule." The core of this rule is that as long as more than half of the parts, technology or software in the products come from China, they may be included in the scope of export control.

Undoubtedly, this rule essentially crushed the previous agreement between China and the United States, equivalent to the unilateral upswing of the table by the United States, in which context China responded in the most direct way: expanding the scope of rare-earth export controls.

And Trump, who was not aware, felt that China was strange, but after learning about the passage of the dragon, directly angered Lutnik, saying that "you may have done stupid things, ruined things with China."

From this perspective, we may understand why Trump showed surprise at China's strengthening of rare earth counter-measures, and after learning that China had taken counter-measures, he reacted strongly, and even threatened to impose extreme trade measures of "imposing 100% tariff" on China.

However, there is also a high likelihood that Lutnik has backed the pot for Trump.

The actions taken by the U.S. Department of Commerce are essentially the implementation of the Trump administration¡¯s containment strategy, intending to undermine the competitiveness of China¡¯s manufacturing industry in the global market by implementing export control measures and imposing tariffs.

In other words, Lutnik may have just strictly followed the established policies, but he did not expect China to take firm and powerful measures to respond.

China is five times the size of the United States and must cooperate

According to the latest data from Fortune Magazine, the GDP growth in the United States in the first half of 2025 was driven entirely by data centers and information technology, with growth rates in other areas only 0.1%.

To put it simply, it mainly relies on expenditures in fields such as artificial intelligence, but the way the artificial intelligence field drives the growth of U.S. GDP is mainly through investment rather than related consumption.

At present, China has resorted to rare earth controls, which to a certain extent has weakened the fundamental support of the current U.S. economy. For the United States, which is deeply burdened by national debt, it has undoubtedly further exacerbated its economic difficulties.

But until now, American politicians have not regretted.

On October 14, local time, Trump first spoke on social platforms, stating that China deliberately did not buy U.S. soybeans, also claimed to end part of trade with China, after the U.S. trade representative Griller beat back, accusing China of "significant escalation of the situation", he further stressed that both China and the United States have codes, and the United States can also implement export controls if necessary.

However, if the United States really had strong leverage, this situation might not happen.

It is reported that as early as August this year, China warned that many counter-measures currently adopted would retaliate beyond expectations, while the United States would face "hell fire".

But the Trump administration said it was unexpected that the truth had already been revealed.

Pfizer said the U.S. pharmaceutical industry needs to work with China, which is undoubtedly another breakdown of Trump¡¯s plans to impose high tariffs on Chinese goods.

Once the tariffs are implemented, perhaps the facts will prove again that we will throw a stone at ourselves in the foot.

Aibole pointed out: "In the past year, nearly one-third of large drug licensing transactions were associated with China biotechnology companies, a phenomenon that marks a significant shift in the source of innovation."

He further added that at present, the efficiency of Chinese pharmaceutical companies in recruiting clinical trial subjects has reached 2 to 5 times that of American companies.

All kinds of signs prove that China and the United States benefit both sides from cooperation, while fighting hurts both sides. However, the Trump administration just wants to pull China and the United States into a zero-sum game. Now that it feels pain, it should have a long memory. # MCN Dual Quantity Advanced Plan #

Fujifilm CEO: China is five times the United States, we must cooperate