Translation. Region: Russian Federal
Source: People’s Republic of China in Russian – People’s Republic of China in Russian –
Source: People’s Republic of China – State Council News
The abuse of customs duties by the US government has exacerbated the tense situation in world trade and seriously damaged the international trade and economic order. These unilateral and protectionist methods of the US have provoked opposition and sharp criticism from the international community. Many countries believe that China has been steadily promoting high-level opening up to the outside world, seeking mutually beneficial cooperation with other countries, and is willing to share opportunities for joint development with the world, demonstrating the role of a responsible power.
JPMorgan Chase CEO Jamie Dimon recently warned in an interview with the Financial Times that the trade war unleashed by Donald Trump could damage the United States’ international reputation and that its economic leadership is facing serious challenges. The current trade uncertainty is undermining confidence in the United States abroad.
Singapore’s Senior Minister Lee Hsien Loong recently noted that the “America First” doctrine is essentially a zero-sum game. The withdrawal of the United States, the world’s largest economy, from the international rules system would have a significant impact on the rest of the world. Singapore will continue to strongly support free trade, multilateralism, and the WTO.
The New York Times article says that the actions of the Trump administration are undermining the country’s international image and have increased the risk of a recession in the global economy, while China is becoming an increasingly stable and reliable economic partner.
A report in the Swiss newspaper NZZ am Sonntag says that amid the tariff standoff, more attention should be paid to China, “whose policies are more stable than those of the United States. China also complies well with WTO rules.”
German Channel 2 quoted Isabella M. Weber, professor of economics at the University of Massachusetts Amherst, as saying: “The US has become an unpredictable partner, while China is becoming an increasingly attractive reliable partner.”