(Source: "Eastern Time and Space" 2025-03-30)

At a critical moment when the global economic landscape is undergoing rapid changes and undercurrents of w88 protectionism are surging, the direction of the international economic situation is always affecting the nerves of countries around the world. March 30,Tu Xinquan, Dean of China WTO Research Institute, w88 casinoAccepted an interview with CCTV's "Oriental Time and Space" program to analyze and interpret the current series of U.S. tariff measures and changes in the global economic landscape.

 

After Trump took office, the United States’ tariff stick flew around the world, which triggered a strong backlash within the United States and even from its traditional allies. Why does Trump act so insistently? Who will pay for the tariffs in the end?

 

Tu Xinquan said that Trump’s logic now is that he wants to dismantle the global supply chain network. Because he believes that in this global system, the United States suffers. A direct effect of tariffs is to increase the price of imported goods in the domestic market. If this is the case, both consumers and companies will buy domestic products. The ultimate goal is to achieve the so-called reconstruction of the manufacturing industry in the United States, or to revitalize the manufacturing industry. But the United States and many, many countries around the world have established a very complex, interdependent global supply chain relationship. Then you have to cut it off now. Whether they are American companies or companies in other countries, they will be greatly affected.

 

At the beginning of this year, due to concerns about the increase in import costs, U.S. importers stockpiled a large number of goods. According to data from the U.S. Department of Commerce, the U.S. w88 deficit rose 34% month-on-month in January, the largest increase since March 2015. From February to March, the three major U.S. stock indexes fell into a steady decline. At the same time, Canada and the European Union have respectively proposed to implement countermeasures against American products such as steel and aluminum, computers, sports equipment, and agricultural products. Many regions have even boycotted American products. Just on March 17, the OECD's medium-term economic outlook report predicted that due to factors such as increased w88 barriers, the growth rate of the U.S. economy in 2025 and 2026 will be reduced by 0.2 and 0.5 percentage points respectively from the previous forecast.

It is worth noting that Trump also linked tariffs to illegal immigration, fentanyl and other issues. Analysts believe that Trump is trying to use tariffs as leverage to exert pressure to achieve his diplomatic and political goals. However, w88 wars and tariff wars are destined to have no winners. Tariff measures based on America First not only violate WTO rules and harm the multilateral trading system and people's interests, but are also unhelpful in solving the United States' own problems.

Attached is the original interview video link: https://app.cctv.com/special/m/livevod/index.html?vtype=2&guid=7ee09abc9cb1449883b4420f9915768f&vsetId=C10313&sessionid=952425817.