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 / Chen Weihua

US must recover checks and balances of its political system

By Chen Weihua | China Daily | Updated: 2018-07-06 01:35
Share
Share - WeChat
Li Min/China Daily

Americans are proud of their system of checks and balances established by their founding fathers. But as their President Donald Trump wages a trade war against the entire world, many feel that that system is broken.

The Trump administration fired the first shots in what could evolve into a full-fledged trade war in the past months by imposing punitive tariffs on washing machines and solar panels in the name to safeguard domestic industries, and then new steel and aluminum tariffs for alleged "national security". Both moves triggered retaliation from US trade partners and their complaints at the WTO.

Trump seems poised now to dramatically escalate the trade disputes with additional tariffs on $34 billion Chinese goods on Friday.

Trump and his trade hawks hope that China and other US trade partners will blink first because of the escalation given the US economic might and its oversized clout in the global economic and financial system.

To their surprise, China and most US trade partners have demonstrated that they won't be blackmailed.

Most US lawmakers, the business community, farmers, ranchers and consumers oppose Trump's tariffs because those tariffs will hurt US consumers and businesses as well as those of other economies.

In Senate hearings about two months ago, I heard Pat Roberts, a Republican senator from Kansas, talking emotionally about how he was surrounded by 100 farmers and their kids voicing their deep concern about foreign retaliation against US farm products that will endanger their livelihoods.

More than 100 House Republicans implored Trump in March not to go ahead with the steel and aluminum tariffs, imposed under the US Trade Expansion Act of 1962.

Senator Jeff Flake, a Republican from Arizona, introduced a bill in March to nullify Trump's steel and aluminum tariffs. "Congress cannot be complicit as the administration courts economic disaster," he said in a statement.

Unfortunately, Flake failed to get enough attention when many believe Trump's tariff threat was a mere negotiating tactic and when the midterm election means that Republicans and Democrats are unlikely to come together.

Trump's rationale for the tariff war is that US trade partners are to blame for US trade deficit, and US trade deficit means the US is a loser and has been taken advantage of by its trade partners, all of which are refuted by economists.

Article I, Section 8 of the US Constitution gives Congress the power to set tariffs on imports and to regulate commerce with foreign nations.

But in a series of trade acts, Congress has delegated most of the power to the president. The 1934 Reciprocal Trade Agreement Act gave the president growing authority to negotiate trade deals and the US Trade Act of 1974 gave the president trade promotion authority to facilitate negotiations.

With these acts, the US president can unleash a trade war that disrupts global supply chains and threatens global recession, without any checks and balances from US lawmakers, or the American people. And many US lawmakers now regret that Congress gave the president so much power on trade.

In waging such a disruptive trade war, Trump is not making America great again, but rather making the US the most despised and disruptive actor in the global system. It is the rest of the world, rather than the US, that has the moral high ground in upholding the multilateral global trading system that the US and its allies established after the end of World War II.

The US Congress and American people must regain the power to stop Trump's trade war.

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: 亚洲精品一二区 | 国产精品主播在线观看 | 国产剧情精品 | 久久久福利 | av免费观看不卡 | 免费看一级黄色片 | 色综合天天操 | 婷婷社区五月天 | 国产第一网站 | av免费大片 | 成人精品一区二区三区中文字幕 | 五月婷婷一区二区 | 亚洲福利视频网站 | 成年人国产视频 | 成人综合久久 | 麻豆91在线观看 | 午夜小视频在线观看 | 影音先锋最新资源站 | 亚洲国产中文字幕在线 | 日本久久久久久久久久久 | 91禁看片| 久久久久久国产精品免费免费 | 岛国av免费看 | 国产在线视频不卡 | www.色日本| 天天草天天操 | 亚洲成人av在线播放 | avtt天堂网| xxxx久久 | 爱情岛论坛自拍 | 日韩有码一区 | 99久久99久久 | 麻豆一区二区99久久久久 | 9191国产精品 | 中文字幕在线观看一区二区三区 | 日韩一区二区中文字幕 | 国产日韩欧美中文字幕 | 欧美成人精品一区二区 | 一起草av在线 | 午夜爽爽爽男女免费观看 | 蜜桃av免费在线观看 |