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Showing posts with label "hegemonic tariff.". Show all posts
Showing posts with label "hegemonic tariff.". Show all posts

Thursday, April 10, 2025

America First’ cannot deprive other nations of development rights

Illustration: Liu Rui/GT -    

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On Wednesday, the US implemented higher tariffs on nearly 60 trade partners, including a 104 percent tariff on goods from China. This is undoubtedly a serious provocation to the world trade system and a direct blow to the stability of global industrial supply chains. In response, a Chinese Foreign Ministry spokesperson stated that the Chinese people's legitimate right to development cannot be deprived, and China's sovereignty, security and development interests are inviolable. On the same day, the Chinese government released the white paper, "China's Position on Some Issues Concerning China-US Economic, Trade Relations." The document points out that the rise of unilateralism and protectionism in the US has significantly impeded the course of normal economic and trade cooperation between the two countries. It criticizes the US for imposing trade restrictions, such as tariffs, under the banner of "America First." The US policy of unilateralism is not only a blatant infringement on the development rights of other nations but also a selfish and short-sighted approach that will ultimately backfire.

Development is a common pursuit of humanity and a fundamental right recognized by the United Nations Charter and the Universal Declaration of Human Rights. All countries and peoples should have equal rights to improve their economic and social conditions and raise the standard of living, with no hierarchy of priority. As the world's largest economy, the US has long benefited from the trade rules, yet when faced with its own structural economic issues, it chooses to shift the burden onto other countries. This is extremely selfish and irresponsible. The logic behind "America First" is rooted in unilateralism and power politics, attempting to reshape the rules of globalization through tariffs, technology blocks, and industrial decoupling. In essence, it is a crude violation and systematic deprivation of the universal development rights of all nations.

The most-favored-nation principle and bound tariffs commitments under the World Trade Organization (WTO) are cornerstones of the multilateral trading system that was initially led and shaped by the US. They also serve as crucial institutional safeguards for developing countries to achieve fair development rights. Multiple assessments have found that tariffs have dealt particularly heavy blows to developing countries, especially many of the least developed nations. Ensuring the stability and strong resilience of the supply chain is a necessary condition for the economic development of many countries, and foreign trade is an important way for a country to integrate into the process of globalization. However, the US is now preemptively setting up "gates" and "toll booths" along this path, even attempting to monopolize and manipulate other countries' development rights. This represents not only a regression in history, but also a betrayal of humanity's shared values.

The US unilateralism actions have already provoked widespread international countermeasures. Facing the unreasonable "reciprocal tariffs" imposed by the US, China firmly retaliates. It announced the additional tariffs on products imported from the US to 84 percent, effective from 12:01 pm Thursday, fulfilling its promise to "continue to the end" and demonstrating its commitment to defending the multilateral trade system. On Wednesday, a majority of the EU's 27 member states voted in favor of the counter-tariffs of 25 percent to hit around 21 billion euros ($23.2 billion) of US goods in retaliation for the duties imposed by the US last month on EU's steel and aluminum exports. Canada also declared its retaliatory 25 percent tariffs on vehicles imported from the US starting Wednesday. It is evident that even traditional allies are unwilling to foot the bill for "America First." This growing divergence reveals a hard truth: An "America First" approach that undermines globalization won't gain broad recognition and support from the international community. It will only lead to deeper isolation for the US, and the decline of its international credibility and moral standing will be inevitable.

Washington fantasizes about reshaping the global economic landscape through enacting tariff barriers, yet it underestimates its own dependence on global supply chains and the resilience of other countries' economies. Ironically, the "America First" policy has primarily undermined the development rights of the American people. High tariff policies have led to increased costs for US imported raw materials, which not only fail to revitalize the manufacturing sector but also result in shrinking profits or even large-scale bankruptcy for small and medium-sized enterprises. A study by the US-China Business Council finds that in the three years following 2018, the US lost approximately 245,000 jobs due to the trade war. "America First" cannot take away the development rights of other countries; it can only become synonymous with "self-inflicted consequences."

What we need in today's world is justice, not hegemony. Justice means respecting the development rights of all countries and resolving differences through dialogue within the framework of the WTO. The US, under the guise of "reciprocity," is actually implementing an "America First" policy, which not only cannot deprive other countries of their development rights but also exposes the shortsightedness of unilateralism and highlights the necessity of global cooperation. By cooperating to counter the "America First" policy, which goes against the historical trend, as well as firmly opposing various unilateral actions that challenge international consensus, the international community can better uphold the fair development rights of all countries and truly achieve shared prosperity. - Global Times editorial

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Tuesday, October 22, 2019

US ‘hegemonic tariff’ will not make America great again

Photo: VCG

Sustaining hegemony is selfish in nature, especially when hegemony is in decline. The nature of the US wielding the tariff baton, sanctioning other countries' officials and companies is a "hegemonic tariff."

This can be defined by a series of its behaviors, including cracking down on Chinese tech giant Huawei and lobbying its allies to reject Huawei's 5G technology without solid proof; blacklisting Chinese companies for their alleged connections with so-called human rights issues in China's Xinjiang Uyghur Autonomous Region; declaring trade wars against the world; frequent military interventions in other countries' domestic affairs, claiming human rights are superior to sovereignty, and overthrowing governments of other countries.

Take trade wars. China is not the only target of the US. Washington has not even cut its allies some slack. Since 2018, not only Venezuela, Cuba, Ukraine, Turkey have been hit by US sanctions. Quite a few of traditional US allies, including Canada, Japan and South Korea, have also been sanctioned by the hegemonic power. Washington's goal is simple: To protect its domestic market and expand foreign markets to maximize global trade. This philosophy is also called "America First," and the US believes it is able to seek more interests through hegemonic means.

While the US is busy charging its "hegemonic tariff," it is putting the blame on China. The Atlantic published an article on Saturday entitled "The NBA-China Disaster Is a Stress Test for Capitalism," claiming "Chinese companies, furious over [US] public sympathy for Hong Kong, were swift in their vengeance. They suspended licensing agreements with the NBA." It then concluded that firms with business in China pay "values tariff."

This is deliberately confusing right from wrong. It shows the US does not respect Chinese sovereignty, while even wishing to impose its own values and political views on the Middle Kingdom.

Hegemonic measures are no longer effective. Trade lasts only when based on mutual respect, equality and mutual benefit. When US companies make money from around the world, they can achieve their goals smoothly only by complying with others' laws and respecting their public opinion.

However, Washington is now becoming increasingly narrow-minded and selfish, regarding mutual benefit as US losses. Worse, it is asking the world to compensate for its losses, urging others to make contributions to "America First" through political, financial and military means.

The Atlantic article noted "the partnership between the NBA and China, which is worth billions of dollars over the next decade, is now in jeopardy." This is exactly the consequence of the US obsessing over hegemony as well as the US obsessing with its so-called moral high ground.

China will not pay a penny for the US "hegemonic tariff," and will take countermeasures to take back what the US has seized from it. The chances of the US profiting from its hegemony are dwindling.

The key to making America great again is to boost the country's competitiveness and innovation, rather than slapping "hegemonic tariffs."

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