国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Global EditionASIA 中文雙語(yǔ)Fran?ais
Opinion
Home / Opinion / From the Press

Washington is waging a trade war against itself

Xinhua | Updated: 2025-04-10 08:55
Share
Share - WeChat
This photo taken on March 29, 2023 shows the White House in Washington DC. [Photo/Xinhua]

Washington has once again reverted to its coercive playbook of issuing ultimatums, escalating trade tensions on Monday by demanding that China abandon its legitimate countermeasures or face a new round of tariff hikes.

The timing of this latest threat -- just days ahead of a new wave of country-specific "reciprocal" tariffs on dozens of its trading partners on Wednesday -- reeks of desperation.

If Washington believes that ramping up pressure can compel Beijing to give in, it is engaging in wishful thinking. China has been firm in its stance, refusing to bow down to Washington's ultimatum, vowing to respond in kind, and fighting to the end.

As the US administration under Donald Trump is scrambling to remodel global free trade into a zero-sum game, it would do well to recall a consistent truth: trade wars produce no winners. The United States is far from immune to the economic wounds of the trade war it has ignited. American markets are already feeling the strain, businesses face growing uncertainties, and the risk of recession is ballooning.

During Trump's first term, his trade war inflicted significant damage on the US economy -- leading to higher consumer prices, financial strains on American farmers, and manufacturing slowdowns as companies struggled with the rising costs of imported materials.

"The trade war has not to date provided economic help to the US heartland: import tariffs on foreign goods neither raised nor lowered US employment in newly-protected sectors; retaliatory tariffs had clear negative employment impacts, primarily in agriculture," said a recent research from the US National Bureau of Economic Research.

Given the broader scale of Washington's latest trade war, the consequences are likely to be much worse. Tariffs will not protect US industries; instead, they will inflate costs for manufacturers, disrupt global supply chains and burden consumers already grappling with inflation.

Washington's decision to escalate tariffs on China and other trading partners is a grave mistake that needs to be corrected.

In an interconnected global economy, resorting to protectionism is not a sign of strength -- but shortsightedness and arrogance. If Washington is truly committed to building a better future, it must move away from the illusion of unilateral control and return to the principles of respect, equality and cooperation. Anything less risks accelerating the United States' economic decline.

Most Viewed in 24 Hours
Top
BACK TO THE TOP
English
Copyright 1994 - . 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
陇西县| 武威市| 班玛县| 昌黎县| 桦川县| 左云县| 西宁市| 宜章县| 东明县| 二手房| 潞西市| 蒙山县| 赣榆县| 峨边| 永仁县| 孟津县| 新绛县| 金堂县| 衢州市| 泾川县| 岱山县| 班玛县| 郎溪县| 思茅市| 舒兰市| 西林县| 连南| 商河县| 庆城县| 南汇区| 岑溪市| 肃北| 封丘县| 长武县| 武乡县| 慈利县| 正宁县| 枣强县| 闽侯县| 红安县| 仁怀市|