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 / View

Protectionism won't lead Trump anywhere

By Wang Li (China Daily) Updated: 2017-07-07 09:13

US President Donald Trump has changed the United States' trade policy to resort to trade protectionism, which goes against globalization and trade liberalization. Trump has pulled the US out of the Trans-Pacific Partnership agreement because he believes it could undermine the interests of American workers. The US president also wants to renegotiate the North American Free Trade Agreement and has threatened to withdraw his country from the World Trade Organization.

The Trump administration's actions can be attributed to the president's belief that globalization is responsible for the rising unemployment in the US and the decline of the domestic manufacturing industry. Trump also believes that only trade protectionist policies can help the US middle class flourish.

To reduce the US' trade deficit, especially against China, the Trump administration has adopted a series of trade remedy measures vis-a-vis its trade partners. And it aims to reduce the US' trade deficit with China by also taking trade protectionist measures against other Chinese imports.

The Trump administration uses the US' domestic standards to judge the global trade system, which, in a way, is a manifestation of the unilateral trade policy the US has been using for a long time. As such, Trump's protectionist measures may intensify the trade frictions between China and the US in the short term.

According to data from the US International Trade Commission, from January to April this year, the US' trade deficit in terms of imports from China was $106.48 billion. That means the US' trade deficit against China is the highest and accounts for 44.39 percent of its total trade deficit. The January-to-April data show that among the top 10 commodities imported by the US which resulted in trade deficits for the country, six were from China. This suggests the Trump administration is likely to build more trade barriers against China.

The US economy has been recovering, so US voters now care more about improving their livelihoods and economic status and less about whether Trump is a leader with strategic insight. Perhaps that's why the Trump administration has continued to announce anti-trade liberalization policies.

That the US is resorting to protectionism after its economic recovery is cause for global concern. The Trump administration's trade policies can also be seen as a compromise between the US Congress and various interest groups.

The trade remedy measures the Trump administration has implemented recently show the political power the interest groups exercise in the US. The US' labor unions and organizations lobby the president and Congress members to seek political solutions for domestic unemployment and trade deficit problems.

And when political forces promote trade policies and legislation that favor protectionism, the interest groups can use various trade remedy measures to take on trade partners legally to protect US industries and create job opportunities.

But the Trump administration should realize that protectionism can never "make America Great Again". The fundamental reason why the US manufacturing industry has been suffering is the decline in labor efficiency, due partly to the increasing use of automation. It was easier to transfer labor-intensive industries from the US to developing countries before the rapid development of Sino-US trade. And the huge trade deficit between China and the US is mainly because of Washington's refusal to export advanced technologies and technological products to Beijing.

Free global trade has the potential to optimize resource distribution through the international division of labor and connectivity, which is beneficial to exporters and importers alike. Till now the Sino-US trade relationship has been mutually beneficial. And to further consolidate this relationship, both sides have to reduce their trade frictions.

The author is a researcher with Chinese Academy of International Trade and Economic Cooperation.

Highlights
Hot Topics

...
主站蜘蛛池模板: 国产传媒一区 | 久久中文娱乐网 | 欧日韩不卡视频 | 蜜桃成人免费视频 | 久久亚洲精品小早川怜子 | 亚洲影院av | 欧美成人精品一区 | 五月婷婷六月综合 | 丁香激情视频 | 久久网免费视频 | 一区二区三区高清在线观看 | 午夜精品久久久久久久爽 | 欧美久久久久久久久久久 | a网站在线观看 | 亚洲手机av| 亚洲高清中文字幕 | 久久久人人人 | 黄色片网站在线免费观看 | 欧美黄色一区 | 日韩av在线一区二区三区 | 六月婷婷久久 | 亚洲天堂免费观看 | 麻豆精品国产免费 | 99免费精品 | 有码在线播放 | 日韩免费网站 | 一级成人黄色片 | 欧美一级免费大片 | 免费毛片av | 欧美 日韩 视频 | 美丽姑娘免费观看在线观看 | 久久久久久久久综合 | 日本大片在线 | 欧美综合精品 | 免费看亚洲 | www狠狠操| 欧美专区一区 | 成人在线免费看片 | 久草国产视频 | 日韩欧美一区在线 | 成人毛片网站 |