A few days ago, the White House issued a statement announcing that it would impose a 10% tariff on $200 billion of Chinese products exported to the United States from September 24, and said that other tariff escalation measures would also be taken. This approach, although regrettable, is also expected.
Since the United States officially signed a memorandum on trade with China in March this year, the Sino-US trade friction provoked by the United States has continued to this day. In this regard, China has repeatedly stated that "it does not want to fight, but it is not afraid of fighting", just as the Ministry of Commerce responded that "China will have to take countermeasures simultaneously", such as the imposition of tariffs on about US$60 billion of US goods from September 24 and other related measures , will be released in succession. China will not be confused by unilateral trade bullying, nor will it panic when faced with an unprecedented trade war. In an attempt to force China to accept its unreasonable demands through "maximum pressure", the U.S. government may have miscalculated.
The trade war is already detrimental to others. For the United States, which is good at calculating interests, this is naturally not a long-term solution. For the United States, the reversal effect of the trade war has become increasingly apparent. Stiglitz, the Nobel Prize winner in economics, pointed out that "the Sino-US trade war will cause the United States to suffer double losses." U.S. domestic employment will be hit, the cost of U.S. products will rise, U.S. companies in China will suffer loss of profits, and a large number of U.S. companies will be unable to find supply chain substitutes other than China within a short period of time... This trade war provoked by the United States, It must be a double-lose result of hurting others and hurting yourself, and it may even be "less than 1,000 injuries to others, and more than 800 to self-injury." Why does the US do this? In the short term, it is nothing more than to force China to make concessions on its core interests through tactical blackmail; in the long run, it is nothing more than to destroy the momentum of China's vigorous development and hinder the pace of the great rejuvenation of the Chinese nation through strategic suppression.
For China, "self-reliance and hard work" has always been its own logic. No force can stop our pace of development, let alone force us to give up our core interests. Over the past 40 years, "reform" and "opening up" have always been side by side. As General Secretary Xi Jinping pointed out, my country's rapid development in the past relied on reform and opening up, and my country's future development must also unswervingly rely on reform and opening up. "China's door to the outside world will only open wider and wider." Martin Wolf, chief economic commentator of the British "Financial Times" bluntly pointed out that "as long as China remains calm, it can be in a favorable strategic position" "China will win in the end, it is only a matter of time". If we maintain our strategic focus, do our own thing well, and make positive progress in promoting high-level openness and high-quality development, we will be able to win our own victory.
September 18 has a special meaning in Chinese history. The "September 18 Incident" 87 years ago was the beginning of China's "U-shaped" reversal of fate amid the imperialist siege. At that time, China was still poor and weak and could still win national liberation and national reunification. Now that China has grown into the world's second largest economy, it is more capable of steadily achieving the goal of national rejuvenation. China's development has always been based on "challenge-challenge". Every time it faces a severe test, not only has it not been defeated, but it has been able to create one development miracle after another. The financial crisis in 1998 and 2008 was like this, and this challenge will only be the prelude to a larger development.
