Guangming Daily: (Lan Qingxin) The US w88 casino harms others and yourself

(Source: Guangming Daily 2025-04-08)

In recent years, the United States has frequently implemented economic and trade protectionist measures, wielding the big stick of tariffs and trade control, building a high wall in small courtyards, politicizing and ideological economic and trade issues, aggravating the crisis of anti-globalization, and bringing more uncertainty to the world economic recovery. In April, the Trump administration launched a "reciprocal w88 casino" weapon. The United States imposed a 10% benchmark w88 casino on imported goods from all countries, and imposed a 20% to 49% differentiated w88 casino on 16 economies including the EU and Japan.

At the same time, Trump declared the United States to enter a "national economic emergency", which triggered global market turmoil and uneasiness. The "reciprocal w88 casino" policy implemented by the United States is essentially a unilateral trade protectionist behavior with tariffs as a tool. Its core logic is to force other countries to make concessions by raising tariffs on imported goods, thereby safeguarding their own economic interests.

Abuse of tariffs to harm global interests

The United States implemented the "reciprocal w88 casino" policy this time, bypassing the World Trade Organization's dispute settlement mechanism, unilaterally increased taxes, undermined the efforts made by the international community to establish a multilateral trading system after World War II, and had an impact on multilateral trade rules, undermined the confidence of countries around the world to promote economic globalization, and formed a negative example, which may trigger a herd effect and prompt more countries to take economic and trade protectionist measures. The risk of global trade fragmentation is rising, and the trend of world economic and trade frictions may intensify, which will affect the recovery and common development of the global economy.

The calculation method of the United States' "peer-to-peer w88 casino" this time has been widely questioned. Even American researchers described it as "no basis" and "completely made out of nothing".

The trade war caused by the US "reciprocal w88 casino" policy will inevitably spill over into the fields of investment, technology, financial cooperation, etc., further fragmentation of the global economy, poor operation of the industrial chain and supply chain, and increased costs. Some high-tech industrial chain and supply chains face the risk of interruption due to the double overlap of technology controls and high tariffs on key products, which restricts global scientific and technological cooperation and comprehensive progress. Some labor-intensive industrial chains and supply chains will be unsustainable due to the increase in export costs and re-export costs. Developing countries will become victims due to their lack of bargaining power, especially the deterioration of trade conditions in emerging countries such as Southeast Asia, South Asia, Latin America, and Africa that undertake industrial transfers, and their economic interests will be damaged.

"Peer-peer tariffs" backfire on the United States

The burden on consumers in the United States will further increase. The imposition of tariffs directly pushes up the prices of imported goods in the United States, especially consumer goods such as daily necessities and electronic products, which will rise significantly.

The operating difficulties of American companies will further increase. Many industries in the United States rely on imported raw materials and intermediates. After tariffs increase, corporate costs surged and profit margins were compressed.

Inflation will cause policy dilemma. Tariffs push up the prices of imported goods, coupled with supply chain disorders, are an important driving force for the high inflation in the United States in recent years. The Federal Reserve is forced to aggressively raise interest rates to curb inflation. The tightening monetary policy has increased the financing costs of enterprises and expanded the risk of economic recession. The United States has gradually fallen into a policy dilemma of "controlling inflation" and "maintaining growth".

China maintains its determination to respond to external environment adjustment

At present, the global economy has formed a highly interconnected pattern of "you have me and I have you". The Trump administration fantasizes about solving the trade imbalance through the "peer-to-peer w88 casino" policy, which can only bring about a "lose loss". To solve one's own problems, we must go through multilateral consultation and domestic reform, rather than a confrontational game that harms neighbors.

First of all, we must strengthen our confidence and be clear-headed that our country has the strength and ability to deal with the United States’ abuse of tariffs and curb suppression. Since the founding of New China, we have been facing the suppression and containment of the United States for a long time. However, under the strong leadership of the Communist Party of China, China has become stronger and stronger, working hard and proactive, changing the situation of "poverty and backward". Especially since the reform and opening up, my country has achieved economic rise and has now become the second largest economic power in the world with GDP ranking second, the first largest exporter and the second largest importer, and the third largest foreign investment inventory, and its economic strength is not the same as before.

Secondly, we must do our own things internally and improve our ability to resist risks through our own development. Promote the construction of a unified domestic market, promote supply-side structural reform, actively expand the domestic demand market, increase the contribution rate of consumption to economic growth, and reduce the impact of the US "reciprocal w88 casino" policy.

Finally, we must increase the pace of cooperation with the outside world and flexibly implement policies to safeguard China's interests and the world's economic and w88 casino order. Promote the diversification of the w88 casino market and actively explore emerging markets in the EU and the global southern region.

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