(Source: CCTV-2 "China Economic Lecture Hall" 2025-04-20)
Recently, in CCTV’s “China Economic Lecture Hall” program,Zhao Zhongxiu, President of w88 casinoExpressed profound insights on the theme of "Reincarnation and Warning of a Century of w88 Protection". At a time when the global economy is being impacted by the U.S. "reciprocal tariff" policy and undergoing rapid changes, he relies on his profound professional knowledge and rich research experience to deeply analyze the complex role of tariffs in international w88, the far-reaching impact of tariff wars, and the future direction of tariff policies in the context of economic globalization, providing valuable thinking directions for all walks of life.
At the beginning of the program, Zhao Zhongxiu looked back at history and pointed out that w88 protectionism is not a new product. Tariffs, as an economic policy tool with a long history, shouldered the important task of accumulating fiscal revenue for the country when it was first born, and are an important support for the country's economic operation. After the Industrial Revolution, the functions of tariffs have been continuously expanded, and their role in regulating international w88 and protecting domestic industries has become increasingly prominent, and they have become an important means for countries to compete in the economic field. However, in the process of economic globalization, the role of tariffs has become increasingly subtle, just like a dynamic "seesaw." Countries at different stages of development, based on their own industrial structure, economic strength and other factors, are constantly weighing the promotion of free w88 and protecting their own w88, trying to find the best balance point. Each country's focus on tariff policy is also very different at different times.
Looking back on the long history, tariff wars have transformed many times and become a powerful tool for a country to regulate foreign w88 and reshape the industrial structure, bringing huge impact to the world economic structure. For example, in the 17th century, tariff differences between France, the Netherlands, and the United Kingdom escalated into war, with both sides suffering losses. Coincidentally, in 1930, the United States introduced the Smoot-Hawley Tariff Act, which significantly increased import tariffs. This was intended to protect domestic industries. However, it lost foreign markets and plunged the economy into the quagmire of the Great Depression. At a time when the trend of global economic integration was taking shape, the global economy was affected by this and fell into its darkest moment. In addition, the chicken tariff war between the United States and Europe and the tariff w88 war between the United States and Japan have also caused heavy losses to the economies of both sides. The U.S.-Japan w88 war in 1985 plunged the Japanese economy into a long-term depression. This lesson is profound. In 1999, the banana war between the United States and the European Union aroused tensions between the two sides, and the w88 dispute reached a deadlock. But in the end, the two sides chose to negotiate and mediate through the WTO dispute settlement mechanism and successfully resolved the conflict. This case provides a valuable positive example for countries around the world in dealing with tariffs and w88 wars, demonstrates the importance of international rules and multilateral consultation mechanisms, and also reveals the truth that friendly consultation is the solution to tariffs and w88 wars.
In the context of economic globalization, Zhao Zhongxiu emphasized that economic globalization is an irreversible historical trend, like a rolling river, unstoppable. Tariff reduction and tariff restraint have become the general trend of global economic development. Since China joined the WTO, it has always upheld the attitude of a responsible major country, fulfilled its WTO commitments in an exemplary manner, and its tariff levels have continued to decline steadily. Not only that, China also actively practices the humanitarian spirit and provides zero-tariff treatment to many least developed countries, helping their products enter the Chinese market and promoting the economic development of these countries. China's good deeds have been highly praised and widely recognized by the international community.
When talking about the basic principles of w88, Zhao Zhongxiu emphasized the importance of comparative advantage. In the context of globalization, countries are dividing labor and cooperating based on their own advantages, and multinational companies are deploying production around the world, reflecting the interconnectedness of global production and consumption brought about by technological progress. For example, Boeing aircraft and C919 large aircraft are typical examples of global supporting production. Even daily necessities such as Rejoice shampoo are produced in China by American companies and sold to local consumers. This shows that w88 in goods is only a part of global production and consumption, and that countries have achieved optimal allocation of resources by leveraging their comparative advantages.
In response to the w88 deficit between China and the United States, Zhao Zhongxiu pointed out through in-depth analysis that the evaluation of w88 surplus and deficit cannot only look at superficial data. Economic globalization has deeply integrated the economies of various countries, jointly promoted production development, and improved the well-being of global consumers.
Zhao Zhongxiu also mentioned that the development of the world economy has formed a “flying geese structure.” As globalization advances, international industries continue to iteratively upgrade, and labor-intensive industries shift from developed countries to developing countries, and then to areas with lower labor costs. w88 surplus and deficit are only superficial phenomena. What they reflect behind them is the competitiveness and efficiency of the industrial and supply chains.
Zhao Zhongxiu called on tariffs, as an important means to regulate international w88, not to be instrumentalized or weaponized, and to be reduced to a tool for individual countries to pursue private interests and promote hegemony. Tariffs should return to their original intention of promoting world economic development and become a booster for global economic prosperity. Countries should create a good global economic development environment through consultation and negotiation. China must firmly support the multilateral trading system with the World w88 Organization as its core and actively promote its reform. At the same time, China needs to build a new higher-level open economic system, attract high-quality foreign investment, promote industrial upgrading, strengthen interaction with advanced international rules, contribute Chinese wisdom and strength to global w88 liberalization with practical actions, and join hands with countries around the world to jointly respond to global economic challenges and create a better future.
Attachment: Original link
