日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

Global EditionASIA 中文雙語Fran?ais
Opinion
Home / Opinion / Op-Ed Contributors

A trade war won't benefit the US

China Daily | Updated: 2018-08-29 07:29
Share
Share - WeChat

Editor's note: The US and China have announced a new round of tit-for-tat tariffs, and if such actions and reactions continue and turn into a full-blown trade war, no one will emerge winner. Two experts share their views with China Daily's Pan Yixuan on the issue. Excerpts follow:

US should evaluate bilateral trade benefits

Di Dongsheng, associate dean of the School of International Studies, and International Monetary Institute, Renmin University of China

Although there is no winner in a trade war, China and the United States will not concede to each other's demands as long as they can bear the loss caused by reciprocal high tariffs.

Many believe US President Donald Trump will change his protectionist stance if the majority of US citizens start opposing his tariff policy on Chinese products, but that may not necessarily be the case. That's because developed countries such as the US have followed deflation policies for years that could, to some extent, weaken the impact of inflation caused by tariff hikes. No wonder Trump has even declared, wrongly though, that the US is winning the tariff war.

In 2017, exports to the US comprised 19 percent of China's total exports. And since the total exports accounted for 18.54 percent of China's GDP last year, a full-blown trade war would have limited impact on China's economy, although neither the Chinese government nor businesses want a trade war.

The industrial upgrading of China, too, can soften the impact of a trade war.

In the past, thanks to China's super-national treatment and abundant cheap labor, foreign enterprises used to compete with each other to invest in China. These foreign enterprises accounted for a large proportion of China's export industry while creating more jobs and establishing industrial chains.

But in recent years such enterprises have been moving out of China to Southeast and South Asia, because labor costs in China have increased and there is a dearth of workers in low-end manufacturing industries. Besides, China's export industry is undergoing a transformation and the country is now capable of making breakthroughs in some new fields in which developed countries have not taken the lead. Thus, it is expected that China will overcome the temporary difficulties and emerge stronger from the turbulence in global trade.

So, it's high time that the US realized it will get nothing out of a trade war and, instead, strived to end the tariff war. But the US seems set to continue with its protectionist policies for some time, during which both the US and China will suffer economic losses.

It is important that Washington rationally evaluates the pros and cons of bilateral trade, and starts sincere talks with China. Or else, by the time Trump's trade policy gradually becomes ineffective, the US economy would suffer irreparable losses, because if Washington continues to impose higher tariffs on Chinese goods, Beijing will fight back.

1 2 Next   >>|
Most Viewed in 24 Hours
Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: av天天干 | 浮力影院国产第一页 | 成人午夜激情 | 日韩一区二区不卡 | 久久亚洲精品玖玖玖玖 | 日本免费不卡在线一区二区三区 | 国产大片免费观看中文字幕 | 精品国产福利片在线观看 | 97精品一区二区 | 久久婷婷色 | 一级美女 | 久久女| 日本高清18xxxx | 91在线看| 亚洲一区二区国产 | 亚洲一区中文字幕 | 免费国产一区 | 日本成日本片人免费 | 男女又黄又刺激B片免费网站 | 欧美高清hd | 成人精品久久 | 一级欧美一级日韩 | 国产成人一区二区三区 | 国产精品久久久AV久久久 | 国产成人av电影 | 日韩在线播放一区 | 国产电影一区二区 | 深夜你懂的在线网址入口 | 超碰在线观看97 | 日韩有码在线观看 | 中国在线播放精品区 | 97久久精品人人做人人爽50路 | 国产一级特黄毛片在线毛片 | 午夜精品久久久久久久星辰影院 | 色综合久久综精品 | 92午夜影院 | 噜噜噜色网 | 久久久久久久 | 亚洲国产欧美91 | 国产精品久久久久无码人妻 | 在线97视频 |