(Source: CCTV-13 "News 1+1" 2025-04-03)
On April 2 local time, US President Trump signed two executive orders on so-called "reciprocal tariffs" at the White House, announcing:
The United States has set up a 10% "minimum benchmark tariff" on all trading partners, which will take effect at 0:01 Eastern Time on April 5. The trading partners with the largest w88 online casino deficit in the United States will impose higher tariffs on a 10% basis, which will take effect at 0:01 ET on April 9.
Is "peer-to-peer tariffs" really "peer-to-peer"? What impact does such tariff policies have on the global economic and w88 online casino fair?
There is a deficit in goods w88 online casino, but is the United States really suffering?
Zhao Zhongxiu, President of the University of International Economics and w88 online casino: The United States is focusing on a small part of the goods w88 online casino deficit, but in fact, the US economic structure is the main body of the service industry. Its service industry and service w88 online casino are very strong, and it has had a large surplus for many years. In addition, American multinational companies operate and produce around the world, produce in the host country, and then sell to the local market, which actually has a large amount of marketing revenue.
Implement "peer-to-peer tariffs"Make the US economy "independent" or towards "isolation"?
Zhao Zhongxiu, President of the University of International Economics and w88 online casino: The so-called economic "independence" actually does not exist, because the world originally contains me and I have you. Trump's so-called economic "independence" actually means "isolation".
The United States is indeed the largest economy in the world, and its w88 online casino, especially imports, accounts for nearly a quarter of the world's total w88 online casino. But three-quarters of the world's markets are non-US, and they are still adhering to free w88 online casino and mutual benefit and win-win situations.
"Reciprocal tariffs" want to turn the US w88 online casino deficit into a surplus, but the US economic structure, production structure, industrial chain and supply chain cannot be achieved in the short term; and in the long term, this kind of closure has no future.
Many countries around the world quickly expressed their oppositionHow do you view everyone’s concerns?
Zhao Zhongxiu, President of the University of International Economics and w88 online casino: Everyone's first reaction is, in a sense, what the United States wants to see, because the tariffs it imposes are actually a asking price and a threat, forcing countries to bargain with it and then make great concessions, which can make the United States' unilateral tariffs legitimize.
This is actually a destruction of the world free w88 online casino order and a great damage to the world economy. In fact, this will also have a backlash for the United States, and the United States cannot truly benefit from it.
What impact will "reciprocal tariffs" have on China-US economic and w88 online casino?
Zhao Zhongxiu, President of the University of International Economics and w88 online casino: In the short term, it has a very big impact. After all, after the tariffs are added, the competitiveness of our products will be weakened, and many orders may be affected in the short term. Including the possibility of production problems in the future, and even the shift in w88 online casino.
Will the decline in imports be replaced by production from the mainland of the United States? It can be said that this is impossible in the foreseeable time.
After the policy was released, the global capital market experienced great fluctuations, which is a reflection of the medium and short-term market trends. After all, the w88 online casino war has destroyed the normal economic order.
How does China counter and respond?
Zhao Zhongxiu, President of the University of International Economics and w88 online casino: In fact, since Trump came to power to impose a 10% tariff, we have taken reasonable and accurate countermeasures. Instead of placing tariffs in a comprehensive manner like the United States, it has counterattacked some key areas, and the United States has a relatively high degree of attention to the demand for the Chinese market, and has hit its pain points.
Of course, we have many counter-attack cards, and behind it is actually the competition of the industrial chain and supply chain. The resilience of our industrial chain and supply chain can withstand such an impact. On the other hand, the US's demand or reliance on Chinese manufacturing and Chinese products is impossible to remove in many aspects in the short term, which is also what the US needs to pay attention to.
attached original link:
w88 online casinocctvnews.cctv.com/snow-book/index.html?item_id=8954317575277910040&toc_style_id=feeds_default&track_id=A1ECBCBC-946C-4809-B500-5E69CA04E384_765430448316&share_to=copy_url
