(Source: CCTV Financial Review 2025-04-07)
Editor’s note:Violating market principles and WTO rules, the United States has announced indiscriminate tariffs on all trading partners, including China, under various pretexts, undermining the rules-based multilateral trading system and impacting the stability of the global economic order. With a firm response, China will continue to promote high-level opening up to the outside world, share development opportunities with the world, and create new potential for mutual benefit and win-win results.What negative impacts does the United States’ indiscriminate tariffs have on global economy and w88? How to deeply explore and take advantage of the ultra-large market and concentrate on doing your own thing well? How to help China's economy achieve steady and long-term development?Zhao Zhongxiu, President of the w88 casino, was a guest on "CCTV Financial Review" to analyze the impact of U.S. tariffs on global economy and w88 and China's response。
The tariffs imposed by the United States and Canada are "turning back the clock" and the multilateral trading system is "very hurt"
Host: What kind of damage has the United States’ indiscriminate tariffs caused to the rights and interests of political parties in various countries and the multilateral trading system?
Zhao Zhongxiu:The so-called reciprocal tariff implemented by the United States is very deceptive. It is actually unequal and does not take into account the actual management level of the project at all. The United States uses a so-called formula to set a high price and then blackmails the other party. This approach of the United States is actually reversing the course of history. We know that the multilateral trading system has been operating for nearly 80 years and has two very important principles: one is "most favored nation", which means that the treatment given to any country must be unconditionally adapted to third countries. We are used to conducting normal w88 under such a multilateral system. The other is that after more than 70 years of negotiation, tariffs have been constrained to a relatively low level that is adapted to the development levels of different countries. Trump's imposition of tariffs has brought the current global w88 market back to the high-tariff era of 80 years ago overnight, which has had a huge impact on the world economy. It converts multilateral relations into bilateral relations so that the strong can bully the weak. This is actually a kind of unilateral bullying. The multilateral system has ushered in its darkest moment, setting off a serious historical setback.
Continue to promote high-level opening up and firmly support the multilateral trading system
Host: Against the backdrop of the reciprocal relationship between the United States and the United States impacting global w88 rules, how should our country adhere to the multilateral trading system and continue to promote high-level opening up?
Zhao Zhongxiu:The diversified trading system has suffered an unprecedented impact, and it can be said that it is somewhat precarious. In such a storm, who can be the mainstay? Who will uphold this justice? This is China's unshirkable responsibility. We must maintain the diversified trading system with the World w88 Organization as its core. Do your job well and set a good example to the world. The World w88 Organization system still covers 80% of global w88, and now it is facing the impact of reciprocal tariffs. So in this case, what should we do? Do we compromise on this, or do we stand up for what is right? China will actually uphold justice and push back this kind of bullying. In this case, we must first do our best. We must continue to be open and use the stability of openness to hedge against external instability. When opening up, we must set high standards, that is, international economic and w88 rules, because the world has formed high-level economic and w88 rules that are accepted by everyone. At the same time, we are establishing new rules through a large number of free w88 pilot zones and setting a good benchmark for the future. Therefore, the "opening to a new stage" we are emphasizing now is an institutional opening, including management, regulations, rules, and even standards. We replicate and promote it through the free w88 pilot zone. We are also promoting the free w88 zone network and have signed free w88 agreements with 23 countries, making China's market more open, achieving better cooperation arrangements with the world, and injecting more certainty into world development. There has to be someone who delivers justice in the midst of the ups and downs.
Leverage the advantages of ultra-large-scale markets to inject more certainty into the world
Host: As the world's second largest economy and the second largest commodity consumer market, how can we take advantage of the domestic ultra-large market to continue to boost consumption and expand domestic demand?
Zhao Zhongxiu:On the one hand, China is the second largest economy and the second largest consumer market in the world, and the demand for consumption is real. We will take many stable measures in the next step, such as increasing income, expanding consumption, expanding the scope of consumption, improving the quality of consumption, and ensuring the environment for consumption. This series of measures will actually increase the contribution of consumption in the economy. On the other hand, China's domestic market and the international market are interconnected internally and externally. While we are expanding sales, we are also expanding the space for products from other countries in the world to be exported to China. Therefore, China plays a key role in three-quarters of the world's markets, injecting greater certainty into the world economy. As consumption upgrades, China's role in the entire world economy will become more prominent. Therefore, it should be noted that this tariff is actually a very important opportunity for our transformation and upgrading. There is new space for the extension of our industrial chain and supply chain, and there is a new direction for the development of production.
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