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

US EUROPE AFRICA ASIA 中文
China / Across America

Protectionism: a G20 point of concern

By Chen Weihua in Washington (China Daily USA) Updated: 2017-03-21 10:55

The US' rejection of language "to resist all forms of protectionism" in a communique coming out of the G20 meeting in Germany over the weekend has created growing concern over US President Donald Trump's possible trade policy.

Under the insistence of US Treasury Secretary Steven Mnuchin, the communique of the G20 finance ministers and central bank governors meeting has for the first time dropped the anti-protectionism language and instead just says "we are working to strengthen the contribution of trade to our economies".

Trump has been known for his anti-globalization and protectionist rhetoric during and after the 2016 presidential race. But his detailed trade policies have yet to be rolled out.

Eswar Prasad, a professor at Cornell University and a senior fellow at the Brookings Institution, said the Trump administration's repudiation of even a ritualistic statement about free trade in the G20 communique shows how the increasingly protectionist US stance could affect the global trading environment.

"The G20 communique may be a symbolic victory for Trump's protectionist agenda, but it comes at the cost of weakening US leadership on global economic issues," he told China Daily on Monday.

Prasad, a former IMF China division chief, believes the US stance is going to have a negative effect on the global trading environment, which could ultimately be to the detriment of the US economy itself.

He said resentment toward the US for straying from what are seen as core principles of the G20 is likely to linger and hurt the ability of the US to constructively influence the global economic policy agenda.

"The US may find itself increasingly isolated on issues such as promoting free trade and tackling climate change as other major economies begin to collaborate more closely with each other in response to US disengagement," Prasad said.

A Reuters report quoted G20 officials who interacted with Mnuchin at the meeting as saying that many opted not to challenge Mnuchin on protectionism language. They instead chose to give him and the new Trump administration some space to refine their trade views in the hopes for moderation by the time Germany hosts a G20 leaders summit in July.

Trump has blamed China, Mexico, Germany and many others for US trade deficits and the loss of manufacturing jobs. He has threatened high tariffs on imports into the US and to punish US companies outsourcing overseas.

Many economists, such as Gary Hufbauer of the Peterson Institute for International Economics, believe that automation and information technology played a large role in the reduction of manufacturing jobs in the US in the past decades. Many believe that the low personal savings rate and excessive spending in the US also are responsible for the trade deficits.

It was the first G20 meeting after Trump took office and the first for Mnuchin with his counterparts. G20 represents the world's 20 largest economies - 19 countries and the European Union.

Mnuchin and US Federal Reserve Chair Janet Yellen represented the US in meetings Friday and Saturday in Baden-Baden, Germany.

chenweihua@chinadailyusa.com

Highlights
Hot Topics

...
主站蜘蛛池模板: 国产乱子伦 | 成人午夜免费视频 | 超碰自拍97 | 成人深夜免费视频 | 亚洲不卡视频 | 我要看一级黄色录像 | 久久综合综合久久 | 国产精品视频导航 | 欧美日韩大片 | 亚洲精品自拍偷拍 | 欧美激情在线播放 | 天天曰天天干 | 欧美 唯美 清纯 偷拍 | 色婷婷久久综合 | 日本精品在线 | 成人欧美一区 | 国产精品久久久久久免费播放 | 黄色免费在线网站 | 亚洲精品成人在线视频 | 成人动漫视频在线观看 | 国产成人三级在线观看视频 | 一级黄色片欧美 | 色成人亚洲 | 久久精品综合网 | 日韩欧美小说 | 亚洲日本中文字幕 | av福利片| 久视频在线 | 不卡视频一区二区三区 | 日韩在线免费 | 在线成人av网站 | 久久久久中文字幕亚洲精品 | 99久久婷婷国产精品综合 | 国产一区二区三区久久 | 久久黄色免费网站 | 一区二区国产精品视频 | 五月婷综合 | 日日cao| 国产午夜影院 | 久久一级大片 | 久久久久国产一区二区三区 |