Global EditionASIA 中文雙語Fran?ais
    Opinion
    Home / Opinion / Editorials

    Trump’s protectionism will disrupt global trade order:China Daily editorial

    chinadaily.com.cn | Updated: 2018-06-24 21:34
    Share
    Share - WeChat
    [Photo/VCG]

    US Commerce Secretary Wilbur Ross betrayed the rationale for the United States' trade strategy in an interview with CNBC last week, admitting that US President Donald Trump wants to create an environment of pain for China so that it will give in to his demands.

    Given this, it is not hard to understand why Trump has announced further tariffs on Chinese goods and threatened to add more if China hits back.

    And it explains why, despite agreed outcomes from the negotiations between the two sides, the United States has gone back on its word in an attempt to extort more concessions from China.

    It is clear that the Trump administration will resort to any conceivable means — even those that break international rules — to try and force China to meet its demands.

    Ross even admitted that the US had implemented tariffs against Canada, Mexico, Japan and the European Union so they would take action against what he claimed was Chinese dumping.

    "It may sound strange but the fact that we put tariffs on the goods coming out of them has modified their behavior and has induced a pretty high degree of international cooperation against dumping," he said.

    But by imposing restrictions on the free flow of goods and services in an attempt to obtain its economic and political objectives, the Trump administration is disrupting the global trade order and, more seriously, damaging the value chains and mutual trust among global traders that has been built up over in the past decades.

    That is why Beijing has called on countries to stand together to put an end to the US behaving like a rampaging bull in a china shop.

    Without making the US feel the pain of the environment it is creating, the Trump administration will continue to take measures that bring chaos to the current global trade order in pursuit of its objectives vis-à-vis China and its jobs-for-votes strategy.

    Although the US is the world's largest economy, it can ill-afford the trade war it has lit the fuse to. The costs of trade wars are enormous – The last large-scale trade war, sparked by the large US tariff hikes in 1930, saw the value of world trade decline to just one-third in three years – and the US will also pay a heavy price if it persists with it politically motivated protectionism.

    China's sincerity in seeking to find common ground with the US has so far not been reciprocated, but its continued willingness to talk should not be mistaken for weakness. It will not give in to the extortion of the Trump administration.

    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
    亚洲AV中文无码乱人伦| 国产亚洲情侣一区二区无码AV| 无码无遮挡又大又爽又黄的视频 | 波多野结衣在线中文| 日韩国产成人无码av毛片| 最好看的电影2019中文字幕| 久久受www免费人成_看片中文| 国产成年无码久久久久毛片| 亚洲Av综合色区无码专区桃色| 中文字幕在线免费| 中文字幕人妻无码一夲道| 内射无码专区久久亚洲| 国产av无码专区亚洲av桃花庵| 亚洲精品无码MV在线观看 | 精品人妻系列无码一区二区三区 | 中文字幕亚洲综合久久| 亚洲人成人无码网www国产| 国产亚洲精品a在线无码| 无码少妇一区二区| 无码一区二区三区| 性无码免费一区二区三区在线 | 午夜亚洲AV日韩AV无码大全| 野花在线无码视频在线播放| 免费看无码特级毛片| 三上悠亚ssⅰn939无码播放| 日本无码色情三级播放| 亚洲日本va午夜中文字幕久久| 中文字幕在线免费| 亚洲七七久久精品中文国产 | 亚洲av无码一区二区三区网站| 国产网红主播无码精品| 在线观看片免费人成视频无码 | av潮喷大喷水系列无码| 精品人妻大屁股白浆无码| 国产成人午夜无码电影在线观看 | 18禁网站免费无遮挡无码中文| 日本阿v网站在线观看中文| 亚洲一区二区中文| 最近最新中文字幕视频| 久久亚洲精品无码aⅴ大香| 无码人妻久久一区二区三区|