(Source: "Guangming Daily》 2025-04-11)

The US government recently introduced the so-called "reciprocal tariff" policy, which triggered profound shocks in the global market. Recently, the State Council Information Office issued a white paper "China's Position on Several Issues Concerning China-US Economic and w88 live casino Relations", pointing out that these restrictive measures threatened and threatened by tariffs and other factors are wrong and wrong, which once again exposes the typical unilateralism and bullying nature of the United States. It not only violates the laws of the market economy, but also runs contrary to multilateralism, and will have a serious impact on China-US economic relations.

The so-called "reciprocal tariff" of the US is not based on reciprocity of rules and negotiations, but based on one-sidedly identified w88 live casino deficits, put pressure on trading partners to seek unequal benefits through unilateral tariffs. In essence, this is protectionism in the guise of "fairness" and a deviation from the spirit of free w88 live casino.

In response to the tariff measures of the United States, my country has taken necessary responses in accordance with the basic principles of international law and laws and regulations, imposed tariffs on all imported goods originating from the United States, and included some U.S.-funded enterprises on the list of unreliable entities. At the same time, it launched the WTO dispute settlement mechanism on related issues. These measures show that while safeguarding its own development interests, our country has always been committed to maintaining a fair and orderly international w88 live casino environment in an institutional way.

China-US economic and w88 live casino relations have been developed for more than 40 years and have been deeply integrated and interdependent. Looking back at history, despite the lack of friction, it is generally operated within the framework of "rules-negotiation-consensus".

The chain reaction of tariff policies is spilling out. Global stock markets fluctuate in the short term, and commodity price fluctuations have intensified, reflecting the market's high anxiety about supply chain security.

Compared with this, our country has always been a firm defender of the multilateral trading system. In recent years, my country has continued to promote high-level opening up, actively promoted the implementation of the Regional Comprehensive Economic Partnership Agreement (RCEP), steadily promoted the high-quality development of the joint construction of the "Belt and Road" initiative, deepened pragmatic cooperation with various countries in multiple fields, expanded a mutually beneficial and win-win global partner network, and jointly promoted the construction of an open world economy.

Today, globalization is undergoing a new round of reshaping, and the "Global South" represented by emerging market countries and developing countries is accelerating its rise and is reconstructing the world economic pattern. At the same time, my country's dependence on the United States is gradually declining, and exports to countries and regional partners jointly built by the Belt and Road Initiative continue to grow, showing that the global market is forming a more diversified and resilient Internet network.

For this reason, countries are more needed to work together to maintain an open, fair and inclusive international w88 live casino order and reaffirm the concept of mutual benefit and win-win global governance. Mutual benefit is not about using pressure to exchange for concessions; win-win situations are not about using high tariffs to exchange for short-term benefits, but based on respect for differences, inclusive development, and equal consultation.

Mutual benefit and win-win situations are not an empty slogan, but the basic logic of building a global economic community. It embodies a concept of global cooperation of consultation, joint construction and sharing, and also represents the actual need of countries to achieve interest docking in the context of deep integration of the global economic pattern.

Real cooperation is not based on exclusive interests, but on coordination and coordination based on mutual understanding and common goals. Differences themselves do not mean the end of cooperation. What really affects the future direction is whether we can effectively respond to differences on the basis of mutual respect and maintain the basic framework and communication channels of cooperation.

(Author: Yu Xinding, Professor of the School of International Economics and w88 live casino, University of International Economics and Business)

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