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

Protectionism does not pay

Updated: 2012-03-08 08:18

(China Daily)

  Comments() Print Mail Large Medium  Small 分享按鈕 0

The passage of a new protectionist bill by the US Senate and the House of Representatives to allow anti-subsidy duties on Chinese imports will strain trade ties between Beijing and Washington and make the prospects for a global recovery even more uncertain.

The shock felt by China is understandable, as to balance global trade, it had already cut its trade surplus to 2.1 percent of economic output in 2011 from a high of 7.5 percent in 2007. Meanwhile, the US trade deficit remains as high as 4.8 percent of its GDP in spite of its rising protectionism.

While the United States, which proclaims itself the champion of free trade and globalization, is accusing other trade partners, China in particular, of "not playing by the rules", its lawmakers are now blatantly abusing their power to massage its domestic trade rule.

Such outright hypocrisy among US politicians bodes ill in an era when lack of political will has already prevented most debt-laden Western countries from timely introducing painful but necessary reforms to address their economic woes.

Worse, the myopic bipartisan support for the bill lays bare the fact that more US politicians are eager to cater to and stoke rising protectionism, in disregard of the free-trade spirit they have promoted and a clear threat to steady growth the world wants.

The difficulties that the US needs to surmount are huge given their country's sluggish economic growth and high unemployment, and it is reasonable to expect US policymakers to try and rebuild US competitiveness in the aftermath of the 2008 financial crisis.

But the solution is definitely not protectionism, which will only dig a deeper hole for the US economy.

By breaking away from its decades-old practice of not legally authorizing the US Department of Commerce to impose countervailing duties on goods from non-market economy countries, US lawmakers are now trying to take the easy way out.

They are trying to protect uncompetitive US industries, at the cost of all the country's consumers and crucial trade relations, when they should be seeking ways to promote the US' indisputable advantages in innovation and adaptation.

It does not take a trade expert to expose the fallacy of selling protectionism as a real long-term solution to the structural problems of the world's largest economy.

Before signing the bill into law, US President Barack Obama should ask himself - will protectionism really save American jobs and help it escape the quagmire it has got itself into?

(China Daily 03/08/2012 page9)

主站蜘蛛池模板: 日韩 欧美 国产 师生 制服 | 久久精品免视国产 | 女人张开腿让男人捅的视频 | 精品免费久久久久国产一区 | 国产精品久久久久久久专区 | 亚洲国产午夜精品理论片的软件 | 日韩午夜片 | 欧美一级毛片黄 | 99精品一区二区免费视频 | 亚洲va久久久噜噜噜久久狠狠 | 一级中国乱子伦视频 | 手机看片国产免费永久 | 最新色网址 | 亚洲黄色官网 | 欧美成人免费全部色播 | 欧美成a人免费观看久久 | 成人免费网站在线观看 | 波多野结衣在线观看高清免费资源 | 国内自拍一区 | 欧美亚洲在线 | www成人免费视频 | 国产精品久久久久久久y | 久久视频在线播放视频99re6 | 国产真人毛片一级视频 | 成人在线视频国产 | 欧美中文字幕在线看 | 欧美一级毛片激情 | 国产成人久久精品 | 久草综合视频在线 | 亚洲一区二区在线视频 | xxxxx性欧美 xxxx肥婆性bbbb欧美 | 日韩天天干| 国产精品亚洲第五区在线 | 国产在线播放一区 | 国产精品久久久久久久久久久威 | 国产亚洲一路线二路线高质量 | 手机午夜看片 | 日韩 国产 欧美视频一区二区三区 | 欧美成人性色生活片免费在线观看 | 美国毛片网 | 五月天激激婷婷大综合蜜芽 |