三级aa视频在线观看-三级国产-三级国产精品一区二区-三级国产三级在线-三级国产在线

Global EditionASIA 中文雙語(yǔ)Fran?ais
Opinion
Home / Opinion / Opinion Line

'De-Americanization' of trade is on the cards

By LI YANG | China Daily | Updated: 2025-03-21 08:19
Share
Share - WeChat
CAI MENG/CHINA DAILY

The United States' weaponization of tariffs not only harms the interests of other countries, but also increases the uncertainty for the US economy, which in turn has a profound impact on global trade and the world economy.

The US' weak consumption growth and shrinking manufacturing activities have lowered market expectations and risk aversion is on the rise.

The tariff policy makes imported goods and related products more expensive in the US, which will directly harm the interests of US consumers and companies. Small and medium-sized enterprises in the country have already found it difficult to cope with rapid changes in the supply chain and on the cost side. They are likely to become the first batch of "dominoes "to fall under this round of tariff shocks. According to data of S&P Global Market Intelligence, the total number of US corporate bankruptcies in the first two months of this year has reached 129, the highest since 2010, and most of the bankrupted companies are small businesses.

Nor will imposing tariffs necessarily help create jobs in the US.Research by the Peterson Institute for International Economics shows that although the US' steel and aluminum tariffs protected about 14,000 jobs in the steel industry in 2018, they led to the loss of 75,000 jobs in the downstream manufacturing industries.

So although the imposition of tariffs seems to be in line with the "America First" policy, the tariffs actually backfire on the US economy and seriously undermine investor confidence. Relevant data show that the total market value of US stocks has evaporated by about $7.7 trillion over the past month. Under the escalating tariff "chaos", the US economy may experience inflation or even recession.

That will unavoidably be a drag on the world's economic growth, as indicated by the latest estimates of the Organisation for Economic Co-operation and Development that both US and global economic growth are set to be lower than previously projected as the US' punitive tariffs on goods imported to the US weigh on growth.

"Global GDP growth is projected to moderate from 3.2 percent in 2024, to 3.1 percent in 2025 and 3.0 percent in 2026, with higher trade barriers in several G20 economies and increased geopolitical and policy uncertainty weighing on investment and household spending," the OECD said on Monday in its interim Economic Outlook report.

Annual GDP growth in the United States is projected to slow from its recent strong pace, to be 2.2 percent in 2025 and 1.6 percent in 2026 the report forecasts. In the OECD's previous projections in December, it had estimated 3.3 percent global economic growth this year and next, with the US economy expected to grow 2.4 percent in 2025 and 2.1 percent in 2026.

The US tariff policy deviates from the principle of free trade and undermines the multilateral cooperation mechanism of global economic governance. In order to avoid the high tariffs of the US, companies in various countries will have to adjust their layout, reduce their dependence on the US market, and find new suppliers and production bases. The final consequence may be the opposite of the US' objective, as the tariff policy might form a trend of "de-Americanization "in the global industry and supply chains.

Most Viewed in 24 Hours
Top
BACK TO THE TOP
English
Copyright 1995 - 2025. All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 免费观看污污视频 | 亚洲高清日韩精品第一区 | 国产一级理论免费版 | 亚洲伦理一区二区三区 | 高清在线不卡 | 深夜成人性视频免费看 | 黑人巨大vs北条麻妃在线 | 亚洲三极 | 人做人爱视频欧美在线观看 | 国产精品好好热在线观看 | 日韩中文字幕精品久久 | 鲁大师在线观看在线播放 | 伊人7| 精品国产午夜久久久久九九 | 精品国产自在现线久久 | 日韩黄色大片 | 中国日韩欧美中文日韩欧美色 | 国产激爽大片高清在线观看 | 国产免费久久精品99re丫y | 私人影院aaaaa毛片 | 妇女激情毛片 | 黄在线看 | 国产中文99视频在线观看 | 国产精品一区二区久久不卡 | 久久亚洲国产精品五月天 | 一级做α爱过程免费视频 | 青青操网| 久久久久久国产精品免费免 | 麻豆91精品91久久久 | 久久婷婷成人综合色 | 乡下女色又黄一级毛片 | 全黄a一级毛片 | 欧美黄色大片免费观看 | 久久精品免费一区二区视 | 啪啪伊人网 | 久青草久青草高清在线播放 | 成人美女黄网站视频大全 | 欧美特黄特刺激a一级淫片 欧美特黄高清免费观看的 欧美爱片 | 一级欧美在线的视频 | 玖玖色视频 | 特黄未满14周岁毛片 |