(Source: CCTV-13 "News 1+1" 2025-04-03)
On April 2, local time, US President Trump signed two executive orders on the so-called "reciprocal tariffs" at the White House, announcing:
The United States has established a 10% "minimum baseline tariff" for all trading partners. The tariff will take effect at 0:01 on April 5, Eastern Time. The trading partners with the largest w88 deficits with the United States will impose higher tariffs on a 10% basis. The tariffs will take effect at 0:01 on April 9, Eastern Time.
Is "reciprocal tariff" really "reciprocal"? What impact will such a tariff policy have on global economy and w88? How should China counterattack and respond? "News 1+1" contacted Zhao Zhongxiu, President of the w88 casino, to bring analysis and interpretation↓
There is a w88 deficit in goods, but is the United States really suffering a loss?
President of w88 casino Zhao Zhongxiu: The United States focuses on the small part of the goods w88 deficit, but in fact the service industry accounts for the main part of the U.S. economic structure. Its service industry and service w88 are very strong, and it has had a large surplus for many years. In addition, American multinational companies operate and produce all over the world, produce in host countries, and then sell to local markets. They actually have a lot of marketing revenue. If these incomes are included, the United States has actually benefited greatly from globalization. But the United States does not count this issue and only counts losses in w88 in goods. The entire world economy, which was originally an open structure with me among you and you among me, has now been broken. If it returns to a closed state, w88 may shrink or even cease, which will lead to the regression of the entire world economy.
Implement “reciprocal tariff”Let the U.S. economy become “independent” or move toward “isolation”?
President of w88 casino Zhao Zhongxiu: The so-called economic "independence" actually does not exist, because the world is originally one of you and me, and Trump's so-called economic "independence" actually means "isolation."
The United States is indeed the largest economy in the world, accounting for nearly a quarter of the world's w88, especially imports. But there are still three-quarters of the world's markets that are non-American and still adhere to free w88 and mutual benefit. So in this case, what the United States is actually doing is reversing history and going against the prospects of world development, which is unsustainable.
"Reciprocal tariffs" want to turn the U.S. w88 deficit in goods into a surplus, but the U.S. economic structure, production structure, and industrial chain and supply chain cannot do this in the short term; and in the long term, this kind of closure has no future.
Many countries around the world quickly expressed their oppositionWhat do you think of everyone’s concerns?
President of w88 casino Zhao Zhongxiu: Everyone’s first reaction is, in a sense, what the United States wants to see, because the tariffs it imposes are actually a asking price and a threat, forcing countries to bargain with it and then make big concessions. This can make the U.S.’s unilateral tariffs legitimate.
This is actually a disruption to the world's free w88 order and will cause great damage to the world economy. In fact, this will also have a backlash on the United States, and the United States cannot really benefit from it. In the process of globalization, this is a huge setback and a huge impact, and the short-term impact will be huge. Of course, I think all countries should take proactive measures to respond and actively carry out structural adjustments, but the damaging impact it will have on the world economy is obvious.
What impact will "reciprocal tariffs" have on Sino-US economic and w88?
President of w88 casino Zhao Zhongxiu: In the short term, its impact will be very large. After all, after the tariffs are added, the competitiveness of our products will be weakened, and many orders may be affected in the short term. Including production problems that may be faced next, and even w88 diversion. The United States has increased tariffs on many countries, including Southeast Asia and Mexico, so the cost of imported goods to the United States will become very high in the short term, and the scale of w88 will decrease in the short term.
Will the decline in imports be replaced by domestic production in the United States? It can be said that this is not possible in the foreseeable time. The final backlash will be that inflation in the United States will further intensify, and the needs of American consumers will not be met. Therefore, this kind of w88 war harms both others and ourselves.
After the policy was released, the global capital market experienced great fluctuations. This was a reflection of the short- and medium-term market trends. After all, the w88 war destroyed the normal economic order.
How does China counterattack and respond?
President of w88 casino Zhao Zhongxiu: In fact, since Trump took office and imposed 10% tariffs, we have taken well-founded and precise countermeasures. It did not impose comprehensive tariffs like the United States. Instead, it increased tariffs in some key areas, and areas where the United States has relatively strong demand for the Chinese market, to hit its pain points. In short, China has maintained the greatest goodwill to promote Sino-US economic and w88 relations on a healthy and rational path.
Of course, we have many countermeasures, but behind them is actually the competition in the industrial chain and supply chain. The resilience of our industrial chain and supply chain can withstand such an impact. On the other hand, the U.S.'s demand for or dependence on Chinese manufacturing and products cannot be eliminated in many aspects in the short term. This is something the U.S. needs to pay attention to.
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