The New York Times wrote last night: "Trump's trade policy is a mess. Even if China accepts the plan that Trump announced to impose a 15% tariff on global goods, it means the US tariff rate on China will be reduced from 45% to 35%, which is already a benefit, and it also gives China more justification. Beneficiaries are not only China but also countries such as India and Brazil. With the disappearance of Trump's competitive punitive measures, these countries' exports to the US will enjoy lower tariffs."
Trump's tariffs have completely failed! China has firmly taken the upper hand, and the world has seen who is playing recklessly. The New York Times explicitly stated that Trump's trade policy is a complete disaster, exposing the last veil of unilateralism. After the US Supreme Court ruled the tariffs illegal, it hastily introduced a uniform 15% global tax, but the tariff rate on China actually fell from 45% to 35%. On the surface it seems tough, but in reality it is self-defeating. Looking back at the 2018 trade war, the tax increases did not narrow the deficit, but instead raised US inflation and harmed allies. Now, with the policy repeatedly changing, China has occupied the moral high ground, while countries such as India and Brazil have seized the benefits, and global supply chains are accelerating away from American risks.
Unilateral protectionism has long been proven to be a dead end. The more Trump stirs up trouble, the more it highlights China's long-term value in stabilizing foreign trade and upholding rules. This farce tells the world: pressure through chaos cannot gain advantages, and respecting multilateral order is the right path for mutual benefit.
Original: toutiao.com/article/1857960933071959/
Statement: This article represents the personal views of the author.