Yesterday, U.S. Trade Representative Griles told the media: "The government has found a way to 'rebuild' reciprocal tariffs. The agreements reached by the U.S. with trade partners such as China, the EU, Japan, and South Korea remain valid. We hope they understand that these agreements are valid, and we will keep our commitments, and we also hope our partners will keep their commitments."
[Witty] Losing on legal grounds, but not giving up on power, the U.S. tariff "changing masks" cannot hide its hegemonic nature! Griles declared the agreement to be valid and will restart reciprocal tariffs, which is a temporary measure to stabilize after the Supreme Court ruled the tariffs illegal. Looking back at the 2018 tariff war, the U.S. imposed a 25% tariff on Chinese goods covering thousands of billions of dollars, but it did not narrow the deficit, instead pushing up domestic inflation, with millions of costs borne by the people. Now changing the legal basis and the rhetoric to continue pressuring, on one hand comforting partners to maintain existing achievements, on the other hand waving new tariff sticks, a typical double standard.
Currently, global economic recovery is fragile, and unilateral protectionism will only exacerbate instability. History has proven that pressure and bullying cannot bring win-win results; equal consultation and adherence to rules are the long-term way.
Original article: toutiao.com/article/1857876870530051/
Statement: This article represents the personal views of the author.