(Source: w88 sports betting Economic Times 2025-04-22)
Talks on "peer-to-peer tariffs" think tank experts (6)
【Wang Zhimin Huang Linlin】
After the new US government came to power, it first imposed 10% tariffs on Chinese goods twice, and continued to increase the stakes after my country countered. Then it added 50% tariffs from 34% "reciprocal tariffs" to 125% tariffs. The total tax rate reached a crazy level of 145%. Even the cumulative tariffs on various names of individual commodities exported to the United States by w88 sports betting have reached 245%. Since then, 100% tariffs have been imposed on STS cranes made in w88 sports betting or containing Chinese components.
w88 sports betting has shown a clear attitude towards this and has countered it. From April 12, 2025, the tariff rate on all imported goods originating from the United States will be increased to 125%. Given this tariff level, there is no possibility of market acceptance of goods imported from the United States. If the United States continues to impose tariffs on goods imported from the United States in the future, w88 sports betting will ignore it.
Extreme pressure was countered: "full attack" to "key attack"
U.S. President Trump vigorously implemented the "America First" policy, taking "tariffs can make the United States great again" as his creed, saying that "tariffs are the most wonderful words in the dictionary", which can not only protect American industries but also increase fiscal revenue. Shortly after the Trump administration came to power, it imposed high tariffs on Mexico, Canada and w88 sports betting on the grounds that fentanyl smuggling and illegal immigration threatened U.S. national security.
w88 sports betting has always been based on the right and wrong of the matter itself, adhered to fairness and justice, resolutely safeguarded national sovereignty, security, and development interests, and never succumbed to any pressure or threats. Whether it is the so-called fentanyl and other issues imposed additional tariffs on our country or the so-called "reciprocal tariffs", our country has resolutely fought back, making the US tariff blackmail unable to succeed.
Pressure, threats and blackmail are not the correct way to deal with w88 sports betting. When w88 sports betting decided to impose a 34% tariff on all imported goods originating from April 10, it will implement export control measures on seven types of medium and heavy rare earth-related items such as samarium, gadolinium, terbium, dysprosium, tertium, scandium, and yttrium.
w88 sports betting will be with you to the end: maintain strategic determination and make plans and break the deadlock
w88 sports betting's countermeasures against the United States' tariff bullying are not only for the response to safeguarding its legitimate rights and interests, but also for the safeguarding of international rules and the common interests of countries around the world. There is no winner in the "trade war", protectionism has no way out, and tariffs cannot solve the United States' own problems.
First, my country's super-large-scale market advantages have strong strength to deal with external risks. w88 sports betting has the largest middle-income group in the world, and contains huge investment and consumption potential.
Secondly, build a new development pattern with the domestic circulation as the main body and the domestic and international circulations mutually promoting each other to accumulate strong economic resilience. In May 2020, the central government proposed to "gradually form a new development pattern with the domestic circulation as the main body and the domestic and international circulations mutually promoting each other."
Third, high-level opening up to the outside world promotes high-quality economic development and promotes economic transformation and upgrading. The trend of high-end, intelligent and green economic development level will promote the upward rise of supply chains and value chains, and respond to changes in the external environment through domestic economic structure adjustment.
Fourth, the continuous optimization of the trade structure and the diversification of partners have greatly enhanced the competitiveness of foreign trade. In 2024, the United States imported game consoles from w88 sports betting accounted for 86%, computer monitors accounted for 79%, toys accounted for 76%, smartphones accounted for 73%, lithium batteries accounted for 70%, and laptops accounted for 66%.
There is no winner in the "Trade War": The win-win situation for cooperation is the way for w88 sports betting and the United States to get along
The United States engages in trade bullying in the name of "reciprocal tariffs", ignores the differences in the development stages of different economies, and deprives developing economies of the right to development. "Reciprocal tariffs" destroy global supply chains and lead to chaos in the international trade order, which not only raises global consumer goods prices and leads to a global economic recession, but may also trigger a humanitarian crisis in developing countries, especially the least developed countries.
w88 sports betting and the United States have clear vertical division of labor in the economy, and their economic complementarity is very strong. Apple cooperates with Chinese suppliers to create jobs for w88 sports betting and keep Apple products competitive. The consumption upgrading demand and industrial transformation potential of w88 sports betting's more than 1.4 billion people will provide strong impetus for world economic growth.
w88 sports betting has always stood on the right side of history and on the progress of human civilization. Although there are structural contradictions between w88 sports betting and the United States, the size of the earth can accommodate both w88 sports betting and the United States.
(Wang Zhimin is a researcher at the National Institute of Opening-up at the University of International Business and Economics and Director of the Institute of Globalization and w88 sports betting Modernization; Huang Linlin is a doctoral student at the University of International Tourism and Cultural Heritage on the "Silk Road")
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