www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

Global EditionASIA 中文雙語Fran?ais
Opinion
Home / Opinion / Chinese Perspectives

The tariff war is not over yet

By Shao Xia | chinadaily.com.cn | Updated: 2025-07-30 14:01
Share
Share - WeChat
MA XUEJING/CHINA DAILY

The global spotlight remains on the ongoing tariff war between China and the US. At the negotiation table, China has demonstrated both sincerity and unwavering principles. Yet off the table, fallacious narratives peddled by certain US political figures still demand rigorous refutation.

Did the US "win"?

Following recent China-US trade negotiations, some US politicians have claimed that tariffs have crippled China's economy and plunged its society into disarray.

This is nothing more than self-deception, concocted to hoodwink their electorate.

China is ready for a new wave of tariff pressures. Economic data underscores this resilience: in Q1 2025, China's GDP expanded by 5.4 percent year-on-year, with retail sales climbing 4.6 percent over the same period. Total goods trade surged 2.5 percent in the first five months of 2025, defying downward pressures.

By contrast, the US is confronting not only warning signals in its domestic economic indicators but also mounting tariff conflicts with other nations. The much-vaunted "maximum pressure" strategy, intended to coerce, has instead accelerated the erosion of America's global credibility. Domestically, under chaotic governance, polarization, social fragmentation, and racial tensions have reached new heights.

Who's to blame?

Certain American political figures have alleged that over the past 25 to 30 years, China has "monopolized" markets, distorted trade flows and caused trade imbalances detrimental to global interests.

Yet this ignores structural factors. The US controls 50.4 percent of the global semiconductor market and dominates 43 percent of arms exports (2020–2024). Its export restrictions on advanced technologies—from AI chips to industrial machinery—artificially constrain trade flows. For instance, the US has tightened controls on semiconductor design software and aviation equipment, disrupting global supply chains.

China's market openness contrasts sharply with US exclusion. TikTok, despite facing baseless "national security" claims, generated $1.6 billion in US tax revenue in 2024 while creating 200,000 jobs. Conversely, the US Inflation Reduction Act (IRA) explicitly bars Chinese EVs and batteries from subsidies. The trade deficit is less a product of Chinese policy than a reflection of US protectionism and declining industrial competitiveness.

Is China "flooding" production capacity?

The US' recently-invented "trade diversion" theory, which claims that Chinese goods will be dumped into Europe and other regions, is essentially the "China threat theory" in disguise. Trade fundamentally arises from comparative advantage. Put simply, Chinese goods gain access to markets based on demand and market logic—not political narratives.

Take Europe as a case in point. The decline in China's exports to the US has not triggered a systemic redirection toward Europe. A 2025 report by a Brussels-based think tank Bruegel highlights that China and the EU exhibit highly distinct comparative advantages, with minimal overlap in export product categories. Significantly, between 2018 and the first ten months of 2024, while China's export share to the US dropped by 4.6 percent, its share to Europe increased by a mere 0.4 percent.

Rather than fretting over the so-called "China's overcapacity", the world would be wiser to focus on the tangible opportunities arising from China's demand-side reforms. China's drive to boost consumption and expand domestic demand is set to open wider market access for higher-quality products and services worldwide.

Did China really trade unfairly?

Critics in the US often assert that China achieved its competitive advantage through state-backed "unfair" industrial policies. However, industrial policy is neither unique to China nor a novel concept.

Consider EVs: early-stage subsidies and tax incentives did play a role in kick-starting China's EV sector. Yet China also phased them out—beginning in 2016 and fully eliminating them by 2023. What is remarkable is that the industry did not falter; it thrived. In 2024, China sold approximately 12.87 million EVs—accounting for nearly two-thirds of global sales and ranking first worldwide.

China's technological ascent stems from decades of strategic investment, corporate innovation, and dedicated scientific research. In 2024 alone, China invested over ¥3.6 trillion in R&D—a near 40-fold increase since 2000. As former US Treasury Secretary Lawrence Summers observes, China's competitive edge derives from exceptional scientific talent and a societal commitment to educational excellence.

The tariff war is far from over; yet history will bear witness to which side opted for fair competition.

While US politicians peddle narratives, the responsible major country will steadfastly uphold facts and principles—advancing a fair and transparent global trading system that meets the urgent international imperative.

The author is a commentator on international affairs, writing regularly for Xinhua News, CGTN, Global Times, China Daily. The views don't necessarily represent those of China Daily.

If you have a specific expertise, or would like to share your thought about our stories, then send us your writings at opinion@chinadaily.com.cn, and comment@chinadaily.com.cn.

Most Viewed in 24 Hours
Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 成人高清在线观看播放 | 久久精品23 | 精品国产免费第一区二区三区日韩 | 久久免费国产精品一区二区 | 免费成年人视频网站 | 亚洲国产一区在线二区三区 | 久久国产成人亚洲精品影院老金 | 国产三级在线观看 | 国产网站在线 | 欧美一级视频精品观看 | 亚洲精品欧美日韩 | 日韩中文字幕精品 | 伊人国产在线视频 | 久久毛片视频 | 三级美国| 六月成人网 | 亚洲精品美女国产一区 | 国产成人高清亚洲一区久久 | 久久综合狠狠综合久久97色 | 国产护士一级毛片高清 | 九九在线偷拍视频在线播放 | 黄色欧美网站 | 日本一级毛片片在线播放 | 91精品国产91久久久久久青草 | 国产成人一区二区三区在线播放 | 亚洲午夜色| 欧美日韩精品在线视频 | 美女视频黄在线观看 | 国产小片 | 亚洲精品xxxx | 成人亚洲网站 | 99在线免费观看视频 | 欧美高清色视频在线播放 | 日韩一区二区在线视频 | 成人欧美视频在线看免费 | 欧美人交性视频在线香蕉 | 久久99精品九九九久久婷婷 | 国产成人久久久精品毛片 | 国产免费一级高清淫曰本片 | 一级片免 | 一本久道久久综合中文字幕 |