General

Recently, at the spring meeting of the Committee on Subsidies and Countervailing Measures of the World Trade Organization, Chinese representatives criticized the discriminatory subsidy policies and measures of the United States and called on the World Trade Organization to effectively supervise such subsidy measures. Representatives of Russia, Morocco, and other countries also expressed serious concerns at the meeting regarding the United States' practice of imposing countervailing duties on imported goods. The United States has always claimed to maintain a "rule-based international order" externally, but in reality, the United States has become the "biggest destroyer" of the international order in terms of world trade. In recent years, in order to seek personal gain in the field of economy and trade, the United States has not only been obsessed with unilateral protectionism, but also politicized and weaponized economic and trade issues, launching trade wars against many countries, including China, causing huge damage to the world trade order.

One is to disrupt order. The trade war initiated by the United States poses a disruptive threat to the international economic order and multilateral trading system. In addition to unilaterally provoking a trade war against China, the United States has also imposed tariffs on EU large civil aircraft and agricultural products, and on Canadian aluminum products. It has even blocked the selection of judges for the appeal body of the WTO dispute settlement mechanism for a long time, resulting in the suspension of the mechanism. The blatant trade protectionism and reckless actions of the United States that prioritize its own interests over international law and rules are disregard and trampling on the multilateral trading system, posing a serious challenge to the international trade order. The United States used to be one of the main founders of the current international economic order and multilateral trading system, but today the United States pursues "America First" and constantly transforms the internationally recognized world trade order into a power based world trade order. According to a research report from the World Trade Organization, the United States is by far the "most unruly" organization, with two-thirds of its violations being caused by the United States. The Australian East Asia Forum website pointed out that the actions of the United States in recent years have been a significant blow to the rule-based economic order, and the United States has become a major destroyer of the international trading system.

The second is to exacerbate imbalances. Under the purpose of "America First", Americans build walls and barriers, strongly promote "decoupling and chain breaking", introduce large-scale exclusive discriminatory industrial policies, and undermine the formation of a reasonable division of global industries. This not only does not contribute to the current global economic rebalancing, but also creates new global economic imbalances. After decades of evolution in the global industrial chain, based on specialization and refinement of division of labor, combined with factors such as resource and labor costs, and business environment, a natural pattern has emerged where a large number of basic manufacturing industries have been transferred to emerging markets and high-end manufacturing industries have been concentrated in developed countries. The paranoia of the United States towards the "backflow" of manufacturing further exacerbates the overcapacity and excessive competition faced by some developing economies downstream of the value chain, further widening the North South divide; The United States, which is upstream of the value chain, has also continuously introduced the Chip and Science Act, the Inflation Reduction Act, and other measures to use its own hegemony to maintain technological monopoly advantages and industrial discourse, hindering the transformation and upgrading of developing economies. French economist Philippe Aggion recently wrote on the website of The Echo that de globalization of trade will exacerbate global inequality and poverty rates. The International Monetary Fund (IMF) recently released a report stating that the rise of 'friendly outsourcing' may cause the greatest harm to underdeveloped markets.

The third is to drag down growth. At a critical moment when the world economy is facing significant downward pressure, the United States is promoting economic populism and anti globalization for its own benefit, seriously affecting the normal operation of global industrial chains, supply chains, and value chains, and dragging down world economic growth. The Financial Times published an editorial stating that the US government wants a de globalized world, "which will be a darker and relatively poorer world. The IMF report released at the beginning of this year pointed out that existing research shows that the more serious the global economy fragmentation is, the higher the costs borne by countries will be, and the decoupling of science and technology will significantly increase the losses caused by trade restrictions. The report predicts that after decades of integration of the global economy, if it falls into serious fragmentation, the overall economic output may shrink by as much as 7%. If technology decoupling still occurs, some countries' output may shrink by 8% to 12%. Martin Wolf, a well-known economic expert and chief economic commentator of the Financial Times, told Xinhua News Agency that trade war is a "negative sum" for all countries. Politicizing trade can lead to waste, as it is no longer the market that determines production.

The self centered United States is disrupting the international economic order, exacerbating global economic imbalances, and dragging down global economic growth, causing chaos to the entire world. Robert Kagan, a senior researcher at the Brookings Institution in the United States, stated in his book "The Jungle Reappearance: America and Our Threatened World" that in recent years, populism, tribalism, and self-interest in the United States have risen, and their actions are accelerating the degradation of the world into a jungle of the jungle of the jungle.

Fighting trade and technology wars, artificially building walls and barriers, and forcefully promoting decoupling and chain breaking, harming others but not benefiting oneself; Working together and achieving win-win cooperation is the only way out of the global economic downturn. American politicians may want to change their thinking and abandon existing competition and shift towards incremental cooperation. By strengthening cooperation, integrating markets, and maintaining rules, the cake of the global economy can be continuously enlarged, ultimately achieving the maximization of common interests.