三级aa视频在线观看-三级国产-三级国产精品一区二区-三级国产三级在线-三级国产在线

Global EditionASIA 中文雙語Fran?ais
Opinion
Home / Opinion / Chinese Perspectives

Pull together, and the world will emerge from the tariff war

By Shao Xia | chinadaily.com.cn | Updated: 2025-04-28 15:08
Share
Share - WeChat
MA XUEJING/CHINA DAILY

An unprecedented tariff war is unfolding across the world.

In fact, China was already in this battle seven years ago. But things are different now: from the United States versus China, the battle has become the United States versus the whole world.

The US doesn't represent the whole world

The population of the US only accounts for four percent of the world's total, and its GDP is less than 30 percent. Adjusted by purchasing power parity, the number lowers to less than 16 percent.

In 2024, the US share in global trade was under 17 percent, with trade dependence of various countries on the US decreasing. China's exports to the US account for just two percent of its total economic output. The proportion of trade with the US by key economies such as ASEAN and the EU is also declining.

More and more people around the world are losing confidence in the US and starting to believe that de-risking means de-Americanization. Recently, President of the European Commission Ursula von der Leyen said the EU will focus like a laser beam on the 83 percent of global trade that is beyond the United States. Professor Jeffrey Sachs of Columbia University said if the US is stupid enough to block trade with the rest of the world, China will be smart enough to open trade widely with the rest of the world.

The US is the biggest beneficiary of a globalized economy

Some American politicians claim that America is "exploited" in international trade. But the truth is, the US has never been a victim. It is the biggest beneficiary of a globalized economy.

Economic globalization is an essential requirement for the development of productive forces and an inevitable result of scientific and technological progress. From as small as a pencil to as large as an airplane, most merchandise are products of the global manufacturing ecosystem. Otherwise, how can we achieve the goal of high quality with low price?

Now, some American politicians are trying to artificially sever this efficient trade system. In essence, it is an attempt to deprive the people of the world, including Americans, of the right to make free choices.

The root cause of the American trade deficit lies in its excessive budget deficit. The US Treasury securities have already exceeded 36 trillion dollars, ranking first in the world, which is equivalent to each American owing $100,000.

The sky won't fall

More than 70 years ago, China was a country with non-existent industrial foundation. Now, it has become the only country that has all 41 industries across all categories listed by the UN.

The scale of China's manufacturing sector ranks first in the world. The UN predicts that by 2030, China's total industrial output value will be four times that of the US.

Chinese people are not afraid of being "held by the throat". Where the suppression is the most intense, the resilience and rebound will be the strongest.

The huge domestic consumer market is a key source of confidence for China. In 2024, nearly 85 percent of Chinese exporters engaged in domestic sales at the same time, and the amount of domestic sales accounted for about 75 percent of their total business.

More importantly, China is not alone. It is the main trading partner of over 150 countries and regions. The proportion of China's exports to ASEAN in its total trade mix is on the rise, and the share of exports to countries participating in the Belt and Road Initiative is also growing rapidly. In Latin America, the model of "Chinese standards+RMB settlement" enables Brazilian soy beans and Chilean copper ore to reach the Chinese market directly through land-sea transportation.

The domestic economic circulation stabilizes the market, and the international circulation expands new space. China's confidence stems from this dual-wheel driving. The market is global and cooperation is multilateral. No one can stop China from developing.

The US is increasing tariffs on China while showing "leniency" to other countries. Its malicious intention of "bullying the world and encircling China" is crystal clear.

Mao Zedong said in 1964, "The US intimidates certain countries, stopping them from doing business with us. But America is just a paper tiger. Don't believe its bluff. One poke, and it'll burst!"

The Chinese people will not succumb to maximum pressure. When they say "our response will continue to the end", they mean it.

The trade war hinges on public support

The China-US game is a competition of public sentiments. The key lies in who can withstand more pressure and who is more united.

Chinese people have fully understood that yielding will never lead to victory. At this crucial moment, more than 1.4 billion Chinese people are taking practical actions. Enterprises repurchased shares to stabilize confidence. Netizens flooded the screen with comments like "Don't be afraid. Unite in the fight!"

These do not come from orders or mobilization but from patriotism. When more than 1.4 billion Chinese people are united as one, they will form an impregnable Great Wall.

In the US, on the contrary, pensions are shrinking, and hundreds of thousands of people are taking to the streets. Piles of unsold auto parts at the Port of Los Angeles are pushing autoworkers to the brink of a strike.

The Yale Budget Lab predicts that reciprocal tariffs will cost each American household US$3,800, drive up prices by 2.3 percent, and reduce exports by 18 percent. Goldman Sachs, JPMorgan Chase and other institutions have raised the probability of a US economic recession to 45-60 percent. The American public, businesses and investors will soon suffer more losses.

Mao Zedong said during the Korean War in 1953, "As to how long this war will last, we are not the ones who can decide. It used to depend on President Truman, and it will depend on President Eisenhower or whoever to become the next US president. It's up to them. No matter how long this war is going to last, we'll never yield. We'll fight until we completely triumph."

Pull together, and the tariff war will end!

The author is a commentator on international affairs, writing regularly for Xinhua News, CGTN, Global Times, China Daily. The views don't necessarily reflect those of China Daily.

If you have a specific expertise, or would like to share your thought about our stories, then send us your writings at opinion@chinadaily.com.cn, and comment@chinadaily.com.cn.

Most Viewed in 24 Hours
Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 你懂得2019在线观看网站 | 看真人视频a级毛片 | 国产91香蕉视频 | 操出白浆视频 | 欧美精品在线一区二区三区 | 亚洲一区二区免费视频 | 中国明星一级毛片免费 | 好爽快一点视频在线观看 | 久青草视频免费视频播放线路1 | 久久精彩免费视频 | 国产免费久久精品99 | 99国产精品高清一区二区二区 | 国产精品无 | 91青青国产在线观看免费 | 欧美日韩中文字幕久久伊人 | 久久国产精品二国产精品 | 久热这里只有精品视频6 | 国产麻豆剧传媒精品网站 | 日韩电影久久久被窝网 | 国内精品自在自线在免费 | 亚洲精品国产第七页在线 | 丰满美女福利视频在线播放 | 亚洲不卡av不卡一区二区 | 成人欧美一区二区三区黑人免费 | 欧美精品99毛片免费高清观看 | 啪啪永久免费网 | 亚洲精品视频在线免费 | 三级毛片网 | 丁香婷婷开心激情深爱五月 | 亚洲精品三区 | 日韩亚洲综合精品国产 | 国产一二三区视频 | 亚欧日韩毛片在线看免费网站 | 国产成人精品实拍在线 | 91短视频在线 | 一级做a爰片性色毛片中国 一级做a爰片性色毛片男 | 成人午夜亚洲影视在线观看 | 亚洲综合专区 | 国产一区二区不卡免费观在线 | 中国黄色a| 深夜偷偷看视频在线观看 |