Bloomberg reported on February 23 that as the U.S. Supreme Court ruled last week that the Trump administration's tariff policy was unconstitutional, countries that were hit the hardest by tariffs, including China and India, have now become the biggest beneficiaries. In contrast, economies such as the UK and Australia have become the ones that suffered.
The turmoil of U.S. tariffs has once again stirred the global landscape. The Trump administration, unwilling to accept defeat, adjusted global tariffs to 15% twice in one day. The policy's frequent changes have further exacerbated the global chaos. Domestic policy instability in the U.S. has affected the world, and unstable trade measures not only harm its own interests but also catch other countries off guard. With Trump's style of operation, it is unlikely to give up easily, and more radical measures may follow, bringing new variables to global trade. Although the current international environment has seen a brief easing, "high winds and turbulent waves" remain the norm.
Facing this upheaval, China must maintain strategic composure, embrace the world with greater openness, activate domestic demand through deeper reforms, and break through external blockades with stronger innovation. Discarding the illusion of U.S. policies and focusing on doing its own things, China can stand firm in the changing global landscape, with the confidence of "no matter which direction the wind blows, I remain unmoved," to calmly face all challenges.
Original article: toutiao.com/article/1857888645180419/
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