The United States violated WTO rules and launched the largest trade war so far, forcibly imposed a 25% tariff on $34 billion of Chinese products. This cannot shake the foundation of China's economic development, cannot weaken the confidence and confidence of the Chinese people to

Source: People's Daily Client

July 6th, destined to leave a strong mark in the history of international trade. The United States violated WTO rules and launched the largest trade war so far, forcibly imposed a 25% tariff on $34 billion of Chinese products. This cannot shake the foundation of China's economic development, cannot weaken the confidence and confidence of the Chinese people to achieve the "two centenary" goals, and will definitely be counterattacked as they deserve. However, the trade bullying , which is accompanied by the unreasonable acts of the United States, has caused endless harm, which not only harms the interests of enterprises and peoples of China and the United States, but also seriously threatens global free trade and multilateral system, hinders the pace of world economic recovery.

China is the world's second largest economy, and China and the United States have deeply integrated economies. The United States dares to break up with its largest trading partner. What other trading partners will Washington have to worry about when solving the so-called "loss" problem of the United States? Once this kind of trade bullying becomes more and more prevalent, what fairness and justice can be expressed in international trade?

The United States can only protect domestic industries by raising tariffs by its own temperament. The OECD predicts that if the United States takes the lead in raising tariffs, it will eventually lead to a 10% increase in global trade costs and a 6% reduction in global trade volume. American think tank Research by the Brookings Institution shows that if a severe trade war broke out around the world, that is, tariffs increased by 40%, the global economy will reappear in the Great Depression of the 1930s. Economic globalization has provided strong impetus for world economic growth, promoted the flow of goods and capital, the progress of science and technology and civilization, and exchanges between people of various countries. It is an objective requirement for the development of social productivity and the inevitable result of scientific and technological progress, and it is also an unstoppable trend of the times.

"Blowing out other people's lamps will burn your own beard." US trade bullying seriously damages trade liberalization facilitation, both opening fire at the whole world and firing at yourself. International trade is based on mutual benefit and win-win results. Forced buying and selling, fraud and intimidation and threats are all distortions of free trade, violations of market laws, and will also lead to global resource mismatch, ultimately harming others and oneself. The United States' trade bullying behavior is seriously endangering the security of global industrial chains and value chains, causing global market turmoil, and will also affect more innocent multinational companies, general enterprises and ordinary consumers around the world. Not only is it helpless, it will also harm the interests of American companies and the people. Data shows that in the US list of tariffs on US$34 billion of Chinese products, about US$20 billion of products are produced by foreign companies in China, with US companies accounting for a considerable proportion. The U.S. Chamber of Commerce recently released a report saying that the U.S. government imposes tariffs on imported goods in fact to impose taxes on American consumers and businesses, which will threaten the overall economic recovery of the United States and affect U.S. employment.

Nowadays, the US must recognize a reality. No big stick of trade protectionism can scare or defeat China. The hardworking, wise and brave Chinese people have never been afraid of any external pressure. In the historical process of standing up, becoming rich and becoming strong, we have performed wonderful stories of turning pressure into motivation and doing our own things better. The White House will not remember that more than half a century ago, China, which has been traumatized by war and has been in trouble, said loudly, "Closing, blockade, all China's problems have been solved for ten or eight years." Today, China, which has approached the center of the world stage with strong development strength and strong moral appeal, will tolerate US trade bullying, harm the core interests of the country and the people, and make unprincipled concessions? What's more, as a responsible major country, China is clearly aware that winning the trade war with the United States has made the United States truly understand that trade bullying has no way out and future, and is also defending the international economic and trade order and supporting the world's development. "Stop fighting with war, even if you fight." If you don't suffer a little, it will be difficult for those who are confused to wake up and find their basic sense of reality.

The world trend is vast, those who follow it will prosper, and those who go against it will perish. China's promotion of reform and opening up is based on its own initiative. It has not been, has not been, and will not be controlled by others in the past and will be at mercy in the future.No matter how the external environment changes, China will follow the established rhythm, adhere to the people-centered approach, unswervingly deepen reform and expand opening up, and work with countries around the world to resolutely maintain a stable and predictable global economic and trade environment.

Trade bullying will never succeed!