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
Business

US tariffs will ultimately hurt itself

By Dai Weilai | China Daily | Updated: 2025-05-12 00:00
Share
Share - WeChat

The US government's plans to impose "reciprocal tariffs" on multiple countries and attach additional tariffs on specific economies over the baseline 10 percent tariff, aim to reshape foreign-trade patterns and compel other countries to prioritize its own interests. Such behavior contravenes the trend of multilateral cooperation, severely threatens the recovery of the global economy and will ultimately harm the US itself.

The so-called "reciprocal tariffs "means the US will impose equal or even higher tariffs on imports if they find tariffs on US exports are excessive, which in fact is just an excuse for the US to unilaterally suppress other countries.

The US claims to uphold "fairness", but actually imposes multiple restrictions and invisible barriers on industries such as high-end technology, intellectual property and agriculture. Value-added taxes are often regarded as "criminal evidence" that other countries "take advantage of the United States", while the endless taxes, technical barriers and subsidies from the US are not mentioned.

However, if the US really wants to achieve fairness, it could reduce the tariffs through engaging in negotiations rather than arbitrarily destroying the WTO dispute settlement mechanism or unilaterally "punish" other countries by abusing tariffs.

US economist and Nobel economics laureate Paul Krugman has pointed out that the government's approach to trade has "gone crazy and out of control".

Previously, the US had announced a 90-day pause for other countries until July 9, while continuing to increase tariffs on China. However, the maximum pressure from Washington may work for other countries, but not for China, and instead of achieving the desired goals, it will trigger serious negative ripple effects.

In his reelection campaign, then-US presidential candidate Donald Trump vowed to eliminate the US-China trade deficit. The US economy has been pushed into an absurd cycle with its current trade policy — tariffs are getting higher and higher, and the marginal benefits are sharply diminishing, culminating in an extreme outcome — zero trade.

The government repeatedly claims that "reciprocal tariffs "would bring manufacturing back to the US and replenish fiscal revenues, yet this is only economic self-deception. In fact, the outflow of traditional manufacturing in the US was due to multiple structural factors, including the preference of enterprises for high-value-added financial and service industries, as well as rising labor costs and changing technology demand.

Artificially raising the price of imported goods through tariff barriers will only force US enterprises to obtain parts and raw materials at a higher cost, greatly reducing their competitiveness and driving up domestic inflation, and ultimately leading to a rise in people's living costs, which will outweigh any upsides.

As a major power in the world, the US should act as such in a responsible way. However, the frequent backsliding and wanton changes in trade rules of the government have damaged the country's credibility of itself. The US has become an unreliable and fickle player in global economic governance, with its strategic credibility and international status being continuously eroded by its shortsighted behavior.

The US is trying to curb China's economic development through high tariffs, but the reality is quite the opposite. The global supply chain has formed an intricate network, and China has cultivated irreplaceable advantages in basic manufacturing, support industries and labor. The high tariff policy of the US will not be able to hit China, which in turn will seriously damage its own economic interests.

China will not succumb to any form of economic coercion and will resolutely defend its legitimate rights and interests and national security through corresponding countermeasures. In accordance with relevant laws and regulations and the basic principles of international law, the Chinese government has taken a series of precise countermeasures. The reaction is a legitimate move to safeguard its legitimate rights and interests and safeguard the multilateral order, fully demonstrating China's will and position of resolutely opposing unilateral bullying and firmly defending fair trade.

History has long proven that large-scale unilateral tariff hikes will only lead to more sanctions lists and tit-for-tat confrontations, escalating tensions between countries. By deploying a combination of multiple countermeasures precisely, China has sent a clear and unmistakable signal to the world — "Attempts to coerce or blackmail China will not succeed, nor will they intimidate China", as Chinese Commerce Minister Wang Wentao has said.

Neither the US, nor any other country, is immune to today's deeply interconnected global economy landscape. If the US continues to indulge in pursuing benefits through maximum pressure on other economies, sooner or later it will find itself in a stalemate in its foreign relations and lose the last patience of the world for its lack of credibility.

Thereby, the US should abandon unilateral bullying and create more opportunities for participation and win-win results for all countries through multilateral dialogue and consultation, so as to maintain sustainable influence and development space in the context of global competition and cooperation.

The writer is a professor at the China Institute at Fudan University.

The views do not necessarily reflect those of China Daily.

 

CAI MENG/CHINA DAILY

 

Today's Top News

Editor's picks

Most Viewed

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: 99热久久精品免费精品 | 三级国产精品一区二区 | 日一区二区三区 | 免费观看毛片 | 一级特黄欧美 | 国产国产成人久久精品杨幂 | a级片免费观看视频 | 国产日韩欧美 | 久碰人澡人澡人澡人澡91 | 亚洲精品二三区 | 亚洲欧美日韩综合二区三区 | 99青青青精品视频在线 | 久久人人爽人人爽人人片va | 91精品视频在线播放 | 久久乐国产精品 | 色淫湿视频 | 久久精品首页 | 国产精品亚洲第一 | 成人看的一级毛片 | 成人欧美在线观看免费视频 | 国产精品无码专区在线观看 | 亚洲一区二区三区在线 | 亚洲欧美v国产一区二区 | 97国产精品最新 | 国产网址在线观看 | 国产伦精品一区二区 | 激情五月色综合婷婷大片 | 亚洲视频 中文字幕 | 欧美一区二区免费电影 | 欧美高清极品videossex | 天天射天天干天天插 | 毛片91 | 大伊香蕉在线观看视频 wap | 日韩不卡免费视频 | 亚洲综合久久伊人热 | 91网站免费观看 | 色综合天天综合网国产成人 | 欧美一级网站 | 欧美日韩中文在线 | 亚洲高清一区二区三区 | 亚洲精品视频在线 |