Video: For trade war, China's tolerance for pain is greater than the US

American unilateral protectionism is detrimental to Sino-US relations and will undoubtedly cause a tit-for-tat response.

Concerns that the US tariff plan will severely hurt the Chinese soybean market make no sense, since it's not hard to find alternative providers like Brazil, and China's abundance of peanuts is readily used to produce cooking oil.

As for the threat of a price surges in China, a trade war, as economic principles show, will hit both importer and exporter.

The following video gives you a glimpse of a looming trade war.

(The author, Hu Xijin, is the Editor in Chief of Global Times.)