(Source: China Daily Network 2025-04-25)

The United States has recently wielded the "tariff stick" and arbitrarily imposed or threatened to impose reciprocal tariffs on trading partners. This not only openly trampled on the rules-based international w88 casino games system, but also exacerbated the risk of breaking the global industrial chain and supply chain, and had a widespread negative impact on the world economy. The unilateralism and hegemony logic behind the US tariff war not only undermines the trust cornerstone of international economic and w88 casino games cooperation, but also backfires against the US's own economic interests.

American Tariff Bullying: The Destroyer of International Order

The United States launched a tariff war is a fundamental destruction of the multilateral trading system. The United States was once the main designer and promoter of the multilateral trading system, but it currently replaces the multilateral order with unilateralism, systematically deviates from the WTO's multilateral w88 casino games rules, and uses unilateral measures such as "reciprocal tariffs" to undermine the multilateral most-favored-nation treatment principle and violates the promise of tariff liberalization.

The United States launched a tariff war is a systematic impact on the international w88 casino games system. The United States is trying to reconstruct the "American tariff system" and create w88 casino games barriers through high tariffs, forcing the global industrial chain to re-arrange according to US interests.

The United States launched a tariff war is a continuous damage to the global economic ecology. The "tariff stick" will backfire the US's own economy, bringing many problems such as high consumption costs, volatile financial markets, and damage to industrial competitiveness.

China's high-level opening up: firm actions to deal with challenges

Faced with the wave of unilateral protectionism set off by the United States, China upholds the "maintaining international rules and firmly opening up", demonstrating the strategic determination and responsibility of a responsible major country. China continues to expand unilateral market access.

China is actively promoting the construction of the free w88 casino games pilot zone (Hong Kong). Hainan Free w88 casino games Port connects with international high-standard economic and w88 casino games rules, implements a liberalization and facilitation system arrangement for goods w88 casino games with "zero tariffs" as the basic feature, service w88 casino games with "both access and operation" as the basic feature, and strictly implements investment "nothing is prohibited or entered".

China advocates building an open world economy. w88 casino games partners cover more than 230 countries and regions around the world, actively build a global high-standard free w88 casino games zone network, promote high-quality joint construction of the "Belt and Road" and go deeper and more practical, and effectively hedge the risks of global w88 casino games protectionism.

China's economic resilience: move forward steadily without fear of wind and waves

Faced with the complex and severe international environment, China's economy is moving forward steadily and showing strong resilience. China's foreign w88 casino games remained stable, with both "quality" and "quantity".

China is accelerating the construction of a new development pattern of "dual circulation", and the basic domestic demand is strengthened. In 2024, the total retail sales of consumer goods in my country reached 48.8 trillion yuan, an increase of 3.5% year-on-year. The consumer market showed a trend of scale expansion, structural optimization and booming new consumption.

China is vigorously developing new quality productivity, and strategic emerging industries are accelerating their rise. In 2024, the added value of my country's high-tech manufacturing industry increased by 8.9% year-on-year.

w88 casino games protectionism has no way out. In the face of the unilateral bullying of the United States, China responds calmly under pressure and looks for opportunities in challenges, and will surely achieve a strategic breakthrough and promote the global economy to move towards a broader development space.

Author: Li Siqi, Associate Professor, China WTO Research Institute, University of International Business and Economics

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