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If you want to know why U.S. President Donald Trump shouldn't expect to win a trade war against China, look no further than Alibaba, the country's giant e-commerce version of Amazon.Ming made it clear that China has little real need for America anymore – not U.S. products, but especially not U.S. ideas.The U.S. president's latest effort was to threaten a rise in tariffs on $200 billion worth of Chinese goods – from 10 percent to 25 percent. Within 24 hours, China quickly reciprocated with a list of 5,207 American products, worth $60 billion, on which it pledged to exact new tariffs ranging from 5 to 25 percent if Trump implements his threats. That reflects little understanding of either the Chinese mindset or the underlying strength of the Chinese economy which, though weaker than a year ago, is still growing nearly twice as fast as the American.Trump has committed a derisory $113 million to his program – a rounding error compared with the $900 billion estimated for Beijing's Belt and Road, which China bankrolled at $82 billion three years ago.
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