日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

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

History shows it ain't that easy to win a trade war

chinadaily.com.cn | Updated: 2018-03-06 21:59
Share
Share - WeChat

China is used to bearing the brunt of Washington's beggar-thy-neighbor trade protection measures. But now, as the United States threatens to impose high tariffs on imported steel and aluminum products across the board, all its major trade partners will feel the pain, which would lead to a series of repercussions that will affect the US' own interest, disrupt the global trade order, and ultimately risk derailing the world economy.

Since US President Donald Trump announced the tariff plan, many of the country's biggest trade partners, including some of its traditional allies, have protested strongly against the move and warned they will take countermeasures.

Brazil has already filed a protest with the World Trade Organization against the proposed tariffs and urged the White House to reconsider them.

And Canada, the European Union, Japan, and the United Kingdom have all expressed concerns about the US move and promised retaliatory measures.

Some leading US congressmen and corporate interests have also urged the White House to stop such unilateralist moves for fear of them backfiring, since the imposition of the tariffs will harm not only the industries in other countries but also those US industries that rely on imports of steel and aluminum.

It seems that not everyone is sufficiently astute to be able to view things from the right perspective and realize that protectionism destabilizes the global economy.

There are no losers, only winners in global trade. If the global trade growth momentum is disrupted it will make all countries losers, including the US.

Last year, global trade registered 2.4 percent year-on-year growth, up from 1.3 percent in 2016, according to WTO estimates. The global trade recovery, however, remains fragile and the US’ protectionism will only create adversarial stances that serve to impede it.

While it might initially glory in small gains, the Trump administration will come to grieve the greater losses, for if it continues to act in such a manner, its actions will end up weighing heavier in a balance that is not in the US’ favor.

The argument against tariffs and trade barriers has been proved in the real world where free-trading nations prosper while protectionist countries lag behind.

Trump has claimed that winning a trade war is easy. If he persists in pursuing one, he will soon find out the hard way that is not the case.

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
主站蜘蛛池模板: 色妇网| 亚洲伊人成人网 | 黄色日批网站 | 六月激情综合 | 久久久久久久久影院 | 国产一区二区三区视频 | 久久手机免费视频 | 婷婷综合影院 | 日韩字幕在线 | 人人干97 | 青青免费在线视频 | 一区二区黄色 | 免费看黄在线观看 | 欧洲精品在线观看 | 成人看的视频 | 色先锋影音资源 | 亚洲a在线播放 | 一级片在线 | 俄罗斯毛片基地 | 特级毛片网站 | 欧美偷 | 一区二区三区在线播放 | av黄色小说 | 国产精品1区 | 男人的天堂中文字幕 | 黄色网址av | 国产日韩一级片 | 天天爽爽 | 亚洲视频99 | 国产精品成人国产乱一区 | 黄色av免费看| 国产精品久久久久久久午夜 | 久草色视频| 成人国产精品视频 | 性高潮视频在线观看 | 国产天堂 | 亚洲天堂免费 | 国产h视频| 欧美视频一二三 | 国产91一区 | 蜜桃av导航 |