Foreign media reported today (May 1) that the top economic officials from China and the United States held an "open and candid" meeting on Thursday evening (April 30). Both sides expressed dissatisfaction with each other's trade policies, but analysts believe that U.S. President Trump's scheduled visit to China in May may still proceed as planned.
U.S. grievances: Accusing China of issuing the "Regulations on Industrial Chain and Supply Chain Security" and the "Anti-Unfair Extraterritorial Jurisdiction Regulations" in April as "provocative extraterritorial regulation," which has triggered a "chilling effect" on global supply chains.
Chinese grievances: Expressing serious concern over recent U.S. economic and trade restrictions against China.
Commentary: The U.S. accusations are nothing short of hypocrisy and self-inflicted discomfort. China's enactment of anti-long-arm jurisdiction regulations is a legitimate countermeasure against America’s abuse of "extraterritorial jurisdiction." You sanction Chinese enterprises and cut off chip supplies under the pretext of "national security"—how can China not legislate to protect its industrial chain security? The claim of a "chilling effect" is nothing but the hegemonic logic of shouting "fire" while stealing the chicken: allowing only the U.S. to extend its reach abroad, while denying China the right to self-defense.
In fact, despite significant differences, mutual interests between China and the U.S. still exist. While the U.S. speaks tough, its actions reveal pragmatism—Washington fully understands the heavy cost of decoupling from China. Blaming China won’t hide America’s own internal challenges. China’s countermeasures are rational and well-grounded; whether the U.S. likes it or not, negotiations must continue, because the price of disengagement is one the U.S. simply cannot afford.
Original source: toutiao.com/article/1863965739590656/
Disclaimer: The views expressed in this article are solely those of the author.