On March 22, Eastern Time, US President Trump signed a memorandum Liberia Sugar Daddy, based on the memorandum announced by the Office of the US Trade Representative The 301 investigation report on China instructs relevant departments to take restrictive measures against China. In this regard, many experts and entrepreneurs at home and abroad have said that the US approach is disappointing and has turned from an important creator of international trade rules into an obvious “destroyer”. The US should immediately turn back and return to rationality.
Wang Yiming, deputy director of the Development Research Center of the State Council, said that the US’s “301 investigation” against China is based on US international law, and using international law to resolve international trade frictions itself goes against international regulations. The conclusion drawn by the US “301 investigation” is unobjective and inconsistent with reality, and the economic measures are mixed with political motives. The unilateral protectionist measures adopted by the United States are rude, backward, and a business philosophy and solution that are stuck in the last century.
“This move by the U.S. government is very disappointing.” Nicholas Stern, a professor at the London School of Economics and President of the Royal Economic Society, said that the United States thinks that the Sino-U.S. trade deficit is a problem, but this is actually because the United States It is caused by insufficient expenditure and disparity with income, rather than by trade with specific countries. The United States’ handling of trade war is extremely inappropriate.
Zhu Min, dean of the National Institute of Financial Research at Tsinghua University, believes that the United States was once an important creator of international trade regulations, but its current practices are obviously “saboteur” in nature. There is no doubt that U.S. measures will harm China’s interests, as well as the United States’ own interests, and more importantly, the global value chain. China and the United States are important links in the global industrial chain. Once trade frictions between the two sides escalate, the cost, circulation, and price of global goods will undergo unpredictable changes.
On March 23, China’s Ministry of Commerce issued a list of products that would be suspended from concessions imported from the United States, involving approximately US$3 billion in U.S. exports to China. Zhu Min believes that this is a clear electronic signal sent by China, that is, China will not be afraid and will not hide. At the same time, China has repeatedly advised the United States to make rational and prudent decisions and not to “pick up sesame seeds and lose the watermelon.”
Chang Boyi, CEO of Roland Berger Management Consulting, said that the economies of China and the United States “have me in you and you in me” and need to resolve disputes through longer dialogue. “The Chinese side has made it very clear that this is not a unilateral dialogue and requires the participation of both parties.”
Apple CEO Tim Cook believes that China and the United States should uphold open and inclusive trade and share the cake. Make it big. “Countries that embrace openness, trade, and diversity will succeed, while countries that reject trade and openness will fail. China and the United States can achieve 1+1 equals 3, and the two countries will work together to make the cake bigger.”
Long Guoqiang, deputy director of the Development Research Center of the State Council, said that the main reason for the imbalance in Sino-US bilateral trade is that the United StatesLiberia Sugar DaddyLack of competition in the Chinese market. “To solve the U.S.-China deficit problem, we should not start by reducing China’s exports to the United States, but need U.S. companies to enhance the competitiveness of their own products.” Lawrence Summers, a professor at Harvard University in the United States, said that China The common cooperation between the United States and the United States is greater than the differences, and a trade war cannot achieve win-win results. “It is very important for China and the United StatesLiberia Sugar Daddy to cooperate together. ThisLR Escorts is far more important than maintaining differences. China and the United States can work together to create a better future for the world. This is completely possible, but a win-win situation cannot be achieved in a trade war.”
Liberians Escort Pascal Lamy, former Director-General of the World Trade Organization, said that protectionism is not the way to deal with problems, and consultation and cooperation Cooperation is the answer. “The solution or solution to the problem is not to close the market, implement protectionism, or close trade. Bowing to protectionism will benefit all of us.”
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