Spotlight: U.S. tariff moves expose lack of confidence in globalized world
                 Source: Xinhua | 2018-04-13 16:17:35 | Editor: huaxia

BEIJING, April 13 (Xinhua) -- The U.S. unilateralist and protectionist moves to propose steep tariffs on Chinese imports expose the super power's lack of confidence in the more globalized world, especially when facing China's growing international role, said analysts.

The world's two largest countries are developing in different directions, experts said, with China becoming more open and pursuing fairness, while the United States has become more self-preserving and anti-globalization.

U.S. President Donald Trump delivers a speech during the 48th annual meeting of the World Economic Forum (WEF) in Davos, Switzerland, in the file photo taken on Jan. 26, 2018. (Xinhua/Xu Jinquan)

UNILATERALIST APPROACH AGAINST MULTILATERAL REGIME

Amid domestic and overseas opposition, the Trump administration has threatened to slap additional duties on Chinese goods worth 100 billion dollars, after proposing steep tariffs on Chinese imports worth 50 billion U.S. dollars.

The U.S. unilaterally proposed steep tariffs on China's goods undermine a rule-based multilateral trade regime, which has been crucial for global growth, said Nobel Prize-winning American economist Joseph Stiglitz.

The U.S. unilateral approach will be a step backward for globalization and cause unbearable outcomes, said former Chinese Commerce Minister Chen Deming at the just concluded Boao Forum for Asia (BFA) annual conference.

Joaquin Infante, the winner of Cuba's national economic prize, told Xinhua recently in an interview that the U.S. contempt for multilateral organizations, such as the United Nations and the World Trade Organization, aims to return to the decades when the United States showed off its economic supremacy.

Jon R. Taylor, a political science professor at the University of St. Thomas in Houston, Texas, agreed with him, saying: "These tariffs that have targeted China confirm that the Trump administration intends to bypass the WTO's dispute settlement body and unilaterally rely on U.S. law alone regarding the ongoing trade dispute with China."

Klaus Wohlrabe, economist at Ifo economic institute based in Munich, Germany, said the U.S. unilateral moves would severely harm the multilateral mechanism under the framework of the WTO.

Nobel Prize-winning American economist Joseph Stiglitz (C, Rear) and John Lipsky (R, Rear), distinguished scholar, School of Advanced International Studies, Johns Hopkins University, attend a panel discussion, part of the China Institute 2018 Executive Summit, "U.S.-China Business in the New World Order," in New York, the United States, on April 12, 2018. (Xinhua/Wang Ying)

NO WINNER FOR ALL

The U.S. willful moves to propose steep tariffs on Chinese imports would have a negative impact not just on China and the United States, but also on the global economy, analysts believe.

Kiyoyuki Seguchi, research director of Canon Institute for Global Strategy Studies said in a written interview that in the short term, the protectionism has some positive effects on its domestic industries and brings some benefits, such as increasing employment.

In the medium and long term, protectionism will weaken the U.S. competitiveness and have negative effects on domestic consumers and enterprises, he wrote.

Martin Wansleben, chief executive of the Association of German Chambers of Commerce and Industry, said Trump administration's disregard of international rules and regulations against the backdrop of closely interconnected global economy will lead to no winners, adding Germany and the European Union will be affected finally.

Francis Gurry, director-general of World Intellectual Property Organization, said "technology and production are all globalized" and "the global value chain will be affected by even a dispute between two parties as many other parties are also involved in the chain."

Gao Feng, spokesperson with China's Ministry of Commerce, speaks at a press conference in Beijing, capital of China, on April 6, 2018. (Xinhua/Xing Guangli)

WHERE TO GO?

China has hit back against the U.S. unilateral moves proportionally by rolling out its retaliatory tariff plan.

"China was forced to take the action to fight back. There's no way for China to back off," said Ruan Zongze, executive vice president and senior research fellow of the China Institute of International Studies.

"China has to defend its legitimate interests as well as the global multilateral trade regime," Ruan said.

Oxford Economics, a leader in global forecasting and quantitative analysis based in Oxford, Britain, believes that China's reaction is a kind of tactic aiming only to encourage Washington to start talks to reduce the risk of a potential full-scale trade war.

Andras Inotai, research professor at the Hungarian Academy of Science's Institute of World Economics, described the U.S. tariffs move as a "own-goal," saying a sound solution to any trade dispute should be filed at the WTO.

Lawrence Loh, director of Centre for Governance, Institutions and Organizations at the Business School at the National University of Singapore, said: "The United States may actually shoot itself in the foot and risk losing global economic leadership."

"Constructive dialogues should take place to iron out whatever issues that might be bothering either the U.S. or China," he said.

(Xinhua correspondents Wen Xiqiang in London, Zhu Sheng in Berlin, Qian Zheng in Tokyo, Liu Xiaoyu in Singapore and He Jing in Beijing contributed to the story.)

Back to Top Close
Xinhuanet

Spotlight: U.S. tariff moves expose lack of confidence in globalized world

Source: Xinhua 2018-04-13 16:17:35

BEIJING, April 13 (Xinhua) -- The U.S. unilateralist and protectionist moves to propose steep tariffs on Chinese imports expose the super power's lack of confidence in the more globalized world, especially when facing China's growing international role, said analysts.

The world's two largest countries are developing in different directions, experts said, with China becoming more open and pursuing fairness, while the United States has become more self-preserving and anti-globalization.

U.S. President Donald Trump delivers a speech during the 48th annual meeting of the World Economic Forum (WEF) in Davos, Switzerland, in the file photo taken on Jan. 26, 2018. (Xinhua/Xu Jinquan)

UNILATERALIST APPROACH AGAINST MULTILATERAL REGIME

Amid domestic and overseas opposition, the Trump administration has threatened to slap additional duties on Chinese goods worth 100 billion dollars, after proposing steep tariffs on Chinese imports worth 50 billion U.S. dollars.

The U.S. unilaterally proposed steep tariffs on China's goods undermine a rule-based multilateral trade regime, which has been crucial for global growth, said Nobel Prize-winning American economist Joseph Stiglitz.

The U.S. unilateral approach will be a step backward for globalization and cause unbearable outcomes, said former Chinese Commerce Minister Chen Deming at the just concluded Boao Forum for Asia (BFA) annual conference.

Joaquin Infante, the winner of Cuba's national economic prize, told Xinhua recently in an interview that the U.S. contempt for multilateral organizations, such as the United Nations and the World Trade Organization, aims to return to the decades when the United States showed off its economic supremacy.

Jon R. Taylor, a political science professor at the University of St. Thomas in Houston, Texas, agreed with him, saying: "These tariffs that have targeted China confirm that the Trump administration intends to bypass the WTO's dispute settlement body and unilaterally rely on U.S. law alone regarding the ongoing trade dispute with China."

Klaus Wohlrabe, economist at Ifo economic institute based in Munich, Germany, said the U.S. unilateral moves would severely harm the multilateral mechanism under the framework of the WTO.

Nobel Prize-winning American economist Joseph Stiglitz (C, Rear) and John Lipsky (R, Rear), distinguished scholar, School of Advanced International Studies, Johns Hopkins University, attend a panel discussion, part of the China Institute 2018 Executive Summit, "U.S.-China Business in the New World Order," in New York, the United States, on April 12, 2018. (Xinhua/Wang Ying)

NO WINNER FOR ALL

The U.S. willful moves to propose steep tariffs on Chinese imports would have a negative impact not just on China and the United States, but also on the global economy, analysts believe.

Kiyoyuki Seguchi, research director of Canon Institute for Global Strategy Studies said in a written interview that in the short term, the protectionism has some positive effects on its domestic industries and brings some benefits, such as increasing employment.

In the medium and long term, protectionism will weaken the U.S. competitiveness and have negative effects on domestic consumers and enterprises, he wrote.

Martin Wansleben, chief executive of the Association of German Chambers of Commerce and Industry, said Trump administration's disregard of international rules and regulations against the backdrop of closely interconnected global economy will lead to no winners, adding Germany and the European Union will be affected finally.

Francis Gurry, director-general of World Intellectual Property Organization, said "technology and production are all globalized" and "the global value chain will be affected by even a dispute between two parties as many other parties are also involved in the chain."

Gao Feng, spokesperson with China's Ministry of Commerce, speaks at a press conference in Beijing, capital of China, on April 6, 2018. (Xinhua/Xing Guangli)

WHERE TO GO?

China has hit back against the U.S. unilateral moves proportionally by rolling out its retaliatory tariff plan.

"China was forced to take the action to fight back. There's no way for China to back off," said Ruan Zongze, executive vice president and senior research fellow of the China Institute of International Studies.

"China has to defend its legitimate interests as well as the global multilateral trade regime," Ruan said.

Oxford Economics, a leader in global forecasting and quantitative analysis based in Oxford, Britain, believes that China's reaction is a kind of tactic aiming only to encourage Washington to start talks to reduce the risk of a potential full-scale trade war.

Andras Inotai, research professor at the Hungarian Academy of Science's Institute of World Economics, described the U.S. tariffs move as a "own-goal," saying a sound solution to any trade dispute should be filed at the WTO.

Lawrence Loh, director of Centre for Governance, Institutions and Organizations at the Business School at the National University of Singapore, said: "The United States may actually shoot itself in the foot and risk losing global economic leadership."

"Constructive dialogues should take place to iron out whatever issues that might be bothering either the U.S. or China," he said.

(Xinhua correspondents Wen Xiqiang in London, Zhu Sheng in Berlin, Qian Zheng in Tokyo, Liu Xiaoyu in Singapore and He Jing in Beijing contributed to the story.)

010020070750000000000000011100001371088621
凤凰彩票app下载 大发app 凤凰彩票app 乐发iv游戏平台 凤凰彩票大厅 乐发彩票 乐发彩票app下载 大发彩票 乐发v官网 乐发lll 乐发lv入口 乐发iv首页 乐发ll登录 凤凰彩票大厅 乐发官网 乐发ii下载入口 乐发ll 乐发v平台 乐发v官网 乐发lll 乐发lv入口 乐发iv首页 乐发ll登录 乐发lv 乐发lll安装 乐发lv 乐发登录入口 乐发iv游戏平台 凤凰彩票登录 网信彩票 彩神 彩神彩票官方网站 彩神彩票官网首页 彩神官方app下载安卓版 凤凰彩票登录 彩神v3 凤凰彩票app下载 彩神官方app下载安卓版 网信快三 一分快3 快三彩票购彩平台 凤凰彩票官方 快3官网 网信彩票 快3app 网信彩票平台 百姓彩票平台 网信平台官网 快3app下载 百姓彩票 每日彩票 快3app 百姓彩票 每日彩票 快3app 百姓彩票平台 幸运5分彩快3 快3彩票app下载 百姓彩票网站网址 大发10分PK10 快3下载 网信彩票平台 网信平台官网 快3彩票官网app 凤凰彩票官方 彩神彩票 大发10分PK10 彩神v3 大发彩票app下载 百姓彩票网站网址 彩神购彩平台 每日彩票 官方正规快三彩票平台 彩神彩票购彩平台 百姓彩票 凤凰彩票购彩平台 凤凰彩票app下载 彩神官方app下载安卓版 网信快三 一分快3 快三彩票购彩平台 凤凰彩票官方 彩神彩票 大发10分PK10 彩神v3 凤凰彩票登录 乐发lv 乐发∨Il 百姓彩票网站网址 乐发彩票 乐发彩票官方网站 乐发lll安装 百姓彩票网站网址 凤凰彩票app下载 大发10分PK10 乐发2 乐发app 凤凰彩票 大发彩票app 乐发登录入口 乐发ll登录 乐发v官网 乐发官网 大发彩票app下载 凤凰彩票购彩平台 彩神彩票 官方正规快三彩票平台 一分快3 百姓彩票网站网址 凤凰彩票app下载 大发10分PK10 乐发2 乐发app 凤凰彩票 大发彩票app 乐发登录入口 乐发ll登录 乐发v官网 乐发官网 大发彩票app下载 凤凰彩票购彩平台 彩神彩票 官方正规快三彩票平台 1分快三平台 百姓彩票平台 凤凰彩票登录 幸运5分彩快3 彩神 乐发彩票 乐发 大发彩票 乐发iv游戏平台 乐发lv 乐发lll 乐发ii下载入口 乐发彩票官方网站 凤凰彩票官方网站 凤凰快3 彩神彩票官网首页 1分快三平台 百姓彩票平台 凤凰彩票登录 幸运5分彩快3 彩神 乐发彩票 乐发 大发彩票 乐发iv游戏平台 乐发lv 凤凰彩票app 乐发app 网信彩票平台 网信彩票平台 乐发iv游戏平台 凤凰彩票app 乐发lv 乐发彩票app下载 凤凰彩票app 网信彩票平台 乐发彩票app下载 乐发lv 乐发app 大发彩票安卓下载 大发彩票安卓下载 大发彩票 乐发彩票app下载 网信彩票平台 乐发iv游戏平台 彩神彩票 乐发彩票中心 极速快3彩票平台 人人快三凤凰 大发彩票app 大发彩票大全 乐发彩票 彩神彩票官方网站 乐发app 酷天堂彩票平台 凤凰彩票app下载 凤凰彩票大厅 凤凰彩票app 极速快3彩票平台 凤凰彩票 凤凰快3 乐发ll官网 乐发彩票中心 正规快三送彩金平台 凤凰彩票官方 乐发ll 乐发 网信彩票 彩神彩票 彩神彩票官方网站 大发彩票app 网信彩票用户 百姓快三 百姓彩票平台 乐发lv 乐发彩票app下载 彩信平台 网信彩票 乐发彩票官方网站 乐发∨Il 人人快三凤凰 凤凰彩票 凤凰快3 乐发ll官网 乐发彩票中心 正规快三送彩金平台 凤凰彩票官方 乐发ll 乐发 网信彩票 彩神彩票 彩神彩票官方网站 人人快三凤凰 乐发彩票 彩神彩票 乐发iv游戏平台 乐发彩票 大发彩票中心 凤凰彩票登录 凤凰彩票app 彩神彩票 大发彩票 乐发ll 大发彩票app 凤凰快3 凤凰彩票 彩神彩票 乐发ll 凤凰彩票 乐发lll 凤凰彩票大厅 网信彩票 彩神彩票 乐发lv 快盈彩票 乐发彩票官方网站 盈彩网投资平台 大发官网 一分时时彩 乐发lv 快3平台 凤凰快3 乐发ll 全民彩票 乐发彩票官方网站 百姓彩票 乐发彩票 大发彩票 极速快3 乐发app 大发官网 乐发lll 快3平台 凤凰快3 乐发ll 全民彩票 乐发彩票官方网站 百姓彩票 乐发彩票 大发彩票 极速快3 乐发app 彩神iv 大发彩票app 大小单双平台 一分pk10 乐发lv 快盈彩票 乐发官网 快彩彩票 百姓彩票 凤凰彩票大厅 网信彩票 乐发彩票中心 网信快3 乐发 彩神xl 三分快3 大发彩票 大发官网 乐发lll 快3平台 凤凰快3 乐发ll 全民彩票 乐发彩票官方网站 百姓彩票 乐发彩票 乐发彩票官方网站 大发彩票 乐发 分分快3 彩神vl 55世纪 55世纪 凤凰快3 乐发彩票 乐发lv welcome凤凰彩票 乐发ll 1分快3 彩神 彩神ll 1分快3官网 1分快3的平台 welcome凤凰彩票 三分快3 彩神x 彩神vl 凤凰彩票 彩神xl 大发彩票 凤凰彩票大厅 乐发官网 乐发ll 乐发lll 乐发lv 大发彩票app 大发彩票 乐发 乐发彩票 乐发彩票中心 凤凰快3 乐发彩票 彩神xl 腾讯快3 大发彩票 彩神xl 大发彩票 乐发彩票 大发彩票app 快3平台 乐发 1分快3 乐发彩票 彩神x 凤凰快3 彩神xl 彩吧助手 大发彩票app 快3平台 大发排列3 彩神iv 彩神vl 乐发IV 彩神x 一分pk10 大发排列3 乐发lv 快3彩票 乐发app下载 三分快3 快三平台助手 乐发彩票ll 彩神iv 乐发lll下载 盈彩网投资平台 乐发Ⅲ 一分pk10 凤凰彩票 乐发Vll 大发官网 乐发ll 大发彩票 乐发1 凤凰快3 彩神vl 乐发lx 百姓彩票 乐发VI 彩神x 乐发IV 极速快3 乐发 凤凰快3 网信快3 乐发lv 快3彩票 乐发app下载 三分快3 快三平台助手 乐发彩票ll 彩神iv 乐发lll下载 盈彩网投资平台 乐发Ⅲ 凤凰彩票大厅 乐发lv 乐发lv 乐发lv 凤凰彩票 大发彩票 大发彩票 凤凰彩票 乐发lv 凤凰彩票 凤凰彩票 乐发lv 乐发ll 凤凰彩票app下载 凤凰彩票 凤凰彩票 乐发lv 乐发ll 凤凰彩票app下载 凤凰彩票 凤凰彩票 乐发lv 彩神x 乐发 乐发ll 极速快3 乐发lv 乐发彩票中心 快3彩票 凤凰彩票大厅 彩神x 凤凰彩票app 分分快3 网信彩票 网盟彩票 凤凰彩票 百姓彩票 乐发 快彩彩票 乐发彩票 快3平台 百姓彩票 大小单双平台 凤凰快3 彩神xl 一分pk10 乐发lv 三分快3 大发彩票 乐发彩票 快3平台 百姓彩票 大小单双平台 凤凰快3 彩神xl 一分pk10 乐发lv 三分快3 大发彩票 极速快3 乐发ll 网信彩票 乐发lv 全民彩票 凤凰彩票app下载 快盈彩票 大发彩票app 大发官网 凤凰彩票 彩神iv 大发彩票 网信快3 凤凰彩票 百姓彩票