U.S. Tariff Increase Peril Global Economic Recovery
The WTO has cut down the expected growth rate of global trade from 3.7 percent to 2.6 percent.
The WTO has cut down the expected growth rate of global trade from 3.7 percent to 2.6 percent.
Contrary to China’s positive efforts, the U.S. has reneged on its promises three times, sacrificing credibility for its own self-interest and repeatedly breaking its promises, putting pressure on China by increasing tax.
While the U.S. will no doubt succeed in doing this, it will cost them time and money.
Huawei shows confidence in the future and cherishes cooperation despite attacks by the U.S.
Those who are familiar with Trump suggest this strategy is part of his famous ‘art of the deal’.
European countries have been consistent on their policy towards Huawei, preferring dialogue and inclusion rather than casting the company out.
Trump’s notion of “tariffs paid by China” is based on a mistaken framework.
The U.S. overbearing behaviors have raised opposition and criticism from major countries around the world.
The Chinese economy is facing great challenges due to the uncertainties caused by global economy slowdown and resurging protectionism. However, the country has been able to sustain its growth due to the measures that the government has taken to revitalize the economy and the push for economic stability.
Concessions are a must for a China-U.S. trade deal and the global economy
In today’s globalized world, trade peace is a win-win condition that every country wants to have. The U.S.-instigated escalation of trade frictions makes world feel the chill of approaching “trade wars”.