国产成人午夜高潮毛片|国产午夜精品一区二区在线观看|久久zyz资源站无码中文动漫|在线观看国产成人av天堂|成人精品一区日本无码网

Commentary: U.S. go-it-alone trade policy a major risk to global economy

Source: Xinhua| 2019-05-26 15:57:25|Editor: ZX
Video PlayerClose

BEIJING, May 26 (Xinhua) -- A responsible player, an anchor of stability and a defender of global order...Shrugging off all the expectations for an economic superpower, the United States, with its go-it-alone trade policy, is becoming a major risk to the global economy.

Ever since the U.S. administration vowed to "make America great again," it has become increasingly confrontational in its trade agenda, raising tariffs and challenging existing global trading systems.

From threats of steel tariffs on Canada and Mexico to auto tariffs on Europe, the United States is stirring up trade disputes everywhere.

As it has been repeatedly proved, either by economics logic or policy outcomes, launching trade wars is of no avail to the stated goal of narrowing U.S. trade deficit.

Rather, U.S. businesses and households have been worried about the rising prices of production and consumer goods, and jobs of labor-intensive industries did not return to the U.S. as policymakers have wished.

The New York Federal Reserve estimates that the latest round of tariff hikes on Chinese goods will cost the typical U.S. household 831 U.S. dollars a year.

The prosperity of the global economy over the past decades has been built on the free flow of trade and investment. Disrupting the flow of trade between the world's two largest economies will put global growth at risk.

But the U.S. administration refused to see this. In May, the United States unilaterally escalated trade tensions with China, rattling stock markets across the world and leaving countries in the global supply chain to gauge the negative impacts on economic growth.

It is common sense that trade frictions between the United States and China, whose combined contributions accounted for more than half of the global economic growth in 2018, will be amplified through the stretching supply chains, and eventually, the global economy will bear the cost.

Over the past decades, China, with its cheap labor and massive market, has gradually grown into the global manufacturing hub. The country is now the largest trade partner of more than 120 countries and regions.

In 2018, trade between China and the United States reached 633.5 billion U.S. dollars.

Any tinkering with trade policies in a single linkage will pass along the inter-related supply chain and incur collateral damages in unpredictable ways.

According to a survey by the European Union Chamber of Commerce in China, over one-third of the 585 companies doing businesses in the country found themselves negatively affected by tariff hikes started by the United States.

A UN report released Wednesday lowered the global growth forecast for 2019 and 2020 to 2.7 percent and 2.9 percent, respectively, citing trade disputes as major concerns.

The increasingly self-centered and short-sighted policies of the United States is putting its future and the global economic prospect at stake, driving the world into an "economic cold war" where nobody wins.

Even if the world economy can hold up through the rounds of trade frictions, the uncertainties the tensions cause will be long-lasting.

The United States is the world's biggest economy; it should act like one.

KEY WORDS:
EXPLORE XINHUANET
010020070750000000000000011100001380910021
主站蜘蛛池模板: 成在人线av无码免观看| 俄罗斯美女真人性做爰 | 婷婷激情综合色五月久久竹菊影视 | 性欧美暴力猛交69hd| 欧洲成人午夜精品无码区久久| 96亚洲精华国产精华精华液| 日韩视频中文字幕精品偷拍| 精品人人妻人人澡人人爽人人| 疯狂迎合进入强壮公的视频| 国产在线第一区二区三区| 一区二区三区四区 国产| 337p粉嫩大胆色噜噜噜| 女被男啪到哭的视频网站| 亚洲伊人色欲综合网| 色88久久久久高潮综合影院| 亚洲一区二区三区在线观看精品中文 | 国产97在线 | 免费| 精品免费国偷自产在线视频 | 人妻巨大乳一二三区| 精品香蕉久久久午夜福利| 久久久久亚洲精品成人网| 伊人天天久大香线蕉av色| 亚洲精品一区二区三区综合| 日本公与熄乱理在线播放| 欧美性大战久久久久久| 亚洲国产成人a精品不卡在线| 日本欧美高清一区二区| 日韩国产欧美一区二区视频| 男人的天堂va在线无码| 亚洲区成人综合一区二区| 日本体内she精高潮| 大肉大捧一进一出视频| 熟妇诱惑一区二区| 黑人巨茎大战俄罗斯美女| 色噜噜狠狠一区二区三区果冻| 99久久久无码国产精品动漫| 国产中文成人精品久久久| 成人三级a视频在线观看| 亚洲午夜精品一区二区| 国产精品麻豆aⅴ人妻| 亚洲男人第一无码av网|