(Source: CCTV-4 "Today's Focus" 2025-4-25)

With the global economy being impacted by U.S. w88 policies, CCTV-4’s “Today’s Focus” column focuses on the tariff war provoked by the U.S., invitingZhao Zhongxiu, President of w88 casinoEnter an in-depth discussion with the host to explain the complex situation behind this tariff war for the audience...

Host: What impact has the extremely high tariffs imposed on China by the United States on the United States itself?

Zhao Zhongxiu:The ultra-high tariff of 145% is unprecedented in a century. It is essentially a prohibitive tariff, which directly led to a sharp reduction in Sino-US w88 orders and forced a large number of orders to be shelved. According to professional estimates, about 90% of related w88 activities have come to a standstill. As time goes by, it is difficult to replenish domestic warehouses in the United States, but the consumer demand of the American people continues to exist. Once the supply of goods cannot meet demand in the next few months, price increases will inevitably lead to social instability. Currently, many states have expressed strong concerns about economic recession and soaring prices, which fully demonstrates that the United States has truly felt the negative knock-on effects of its tariff policies.

Host: When dealing with the United States, we have always adhered to the principle of "listen to what it says and watch what it does." Trump said that after the agreement is reached, tariffs on China will be significantly reduced. Although China and the United States have not entered into negotiations, in your opinion, does this imply that there will be a downward trend in US tariffs on China in the future? Under what circumstances will the United States adjust its tariff policy against China?

Zhao Zhongxiu:Currently, there has been no substantive negotiation between China and the United States because the prerequisites for negotiation are not met. The United States has unilaterally imposed tariffs indiscriminately, which violates international law and undermines the WTO multilateral system. The tariffs that the United States was originally bound to have been violated without authorization, and it has continued to exert extreme pressure and continue to increase the tariff levels. China’s position is clear and firm. If we want to restart negotiations, the United States must first withdraw the tariffs it unilaterally and wrongly imposed. This is the basis for negotiations.

According to Trump’s thinking, if negotiations are carried out without revoking the wrongly imposed tariffs, it is equivalent to acknowledging that the high tariffs he imposed are reasonable, and only discussing reducing the extent of the tariffs. In this way, no matter how much the final reduction is, the United States will be in a "victory" position. China will never accept negotiations based on this wrong premise. This also reflects that China adheres to the principles of equality, respect, and reciprocity in negotiations and resolutely resists the US's strategy of maximum pressure. Therefore, China's negotiation strategy of stopping with silence is in line with the current situation and correct. The United States released false news such as that the two sides were negotiating and communicating through intermediaries in an attempt to disrupt China's rhythm. However, in fact, the negotiations between the United States and many countries did not go smoothly and did not achieve the expected pressure effect. China's resolute countermeasures disrupted the rhythm of the United States' assumptions. In this case, China's strategy effectively safeguarded its own rights and interests and the fairness of negotiations.

Moderator: What does the Trump administration want to achieve through a series of operations such as increasing tariffs and releasing false information about negotiations?

Zhao Zhongxiu:The Trump administration wants to use financial means to promote negotiations, and constantly adds new conditions in the negotiations, in order to achieve the goal of making China transfer its interests, or even destroy its military exploits, and achieve the strategic competition of the United States. However, in fact, the United States has no sincerity in negotiating and just wants to force China to compromise through economic coercion.

Host: Trump continues to use threats of dismissal to put pressure on Federal Reserve Chairman Powell to implement interest rate cuts. So, from Trump’s perspective, what current domestic problems can an interest rate cut solve in the United States?

Zhao Zhongxiu:From his standpoint, cutting interest rates can reduce the cost of paying interest on U.S. debt, and when the economy is on the verge of recession, it can avoid further economic downturn and provide a "cover" for inappropriate policies. Although Trump has no power to fire Powell, he still uses this threat. However, Trump encountered hard constraints, that is, interest rates in the bond market soared, causing everyone to lose confidence in national debt, and then sold national debt, causing interest rates to rise.

The bond market is known as the economic "early warning signal". Now, the negative signals generated by Trump's previous policy operations have not only affected the market's expectations of the U.S. economic prospects, but also weakened global investors' confidence in the U.S. market.

Host: We have seen that Powell has been reviewing the changes in the entire market with such a professional attitude and has not compromised with Trump. What do you think of Powell's response?

Zhao Zhongxiu:Powell knows that the Federal Reserve has independence and cannot become an accomplice of the Trump administration, and must play a role in stabilizing dollar expectations and inflation levels. But Trump is contrary to the Fed's goals, so Powell will not compromise with Trump.

Moderator: While the Trump administration’s advocacy of ultra-high tariffs is facing increasing domestic opposition, Mexico, Japan, the European Union and other parties have also come out to deny the U.S.’s so-called significant progress in negotiations. The EU's punishment of two major American technology companies does this mean that the EU has begun an asymmetric counterattack against the United States?

Zhao Zhongxiu:The EU’s punishment of two major American technology companies can indeed be seen as an asymmetric counterattack against the United States. The EU has truly felt the United States' exploitation of Europe, so it has taken limited countermeasures and directly punished high-tech companies that violated EU laws. This is a small test of the EU's series of countermeasures, showing its attitude and preparing for countermeasures.

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