1. U.S. slammed for repeated policy shifts

      2025-06-03 chinadaily.com.cn Editor:Li Yan

      Washington's unpredictability damaging its credibility, harming global businesses

      The United States' repeated and unpredictable policy shifts have not only enhanced the risk of deepening its economic and trade frictions with China, but have also weakened its credibility in the international market, analysts and exporters said on Monday.

      These policy shifts are undermining the confidence of global businesses and investors in U.S. policies, market conditions and assets, they added.

      Their remarks came after the Ministry of Commerce urged the U.S. to promptly rectify its wrongful actions. In a statement issued on Monday, the ministry said the U.S. has seriously undermined the consensus reached during the China-U.S. economic and trade talks on May 12 in Geneva, Switzerland, by repeatedly imposing discriminatory and restrictive measures on China.

      The measures include issuing export control guidance for artificial intelligence chips, halting sales of chip design software to China, and announcing the revocation of visas for Chinese students.

      The ministry warned that if the U.S. continues to undermine China's interests, China will adopt effective measures to defend its legitimate rights and interests.

      Describing the outcomes of the Geneva talks as "hard-won", the ministry said the U.S. has unilaterally and repeatedly triggered frictions, exacerbating uncertainty and instability in bilateral economic and trade relations.

      Based on the consensus reached during the talks, China has temporarily canceled or suspended relevant tariff and nontariff countermeasures against the U.S.' "reciprocal tariffs", the ministry said.

      Wan Zhe, a professor of international trade at Beijing Normal University, said the U.S. tariffs are essentially a radical attempt to politicize and instrumentalize trade issues.

      "The erratic and unpredictable nature of these tariff and economic measures has damaged the U.S.' credibility in the global economy and dented global investors' confidence in the U.S. market," Wan said, adding that the consequences will come at a steep cost for both its economy and international standing.

      Zak Stambor, an analyst at eMarketer Inc, a market research company based in New York City, said the U.S.' "ever-shifting trade policies" mean "navigating an increasingly unpredictable landscape", making life and any attempts at financial planning harder for both manufacturers and consumers.

      "The policies in place today may well shift tomorrow, making medium-term planning challenging and long-term planning nearly impossible," he said. "No wonder so many U.S. companies are pulling their guidance altogether."

      The frustration is not limited to U.S. companies.

      On Saturday, the European Commission, the executive arm of the European Union, said, "We strongly regret the announced increase of U.S. tariffs on steel imports from 25 percent to 50 percent."

      The U.S.' announcement "adds further uncertainty to the global economy and increases costs for consumers and businesses on both sides of the Atlantic", the commission said, adding that the plan also undermines efforts to bring an end to the wider tariff standoff.

      Gao Lingyun, a researcher specializing in international trade at the Chinese Academy of Social Sciences in Beijing, said the U.S.' broader goals of reshoring manufacturing and maintaining economic hegemony cannot be addressed simply by imposing tariffs and other trade remedy measures on its trading partners.

      In addition to the tariffs, the U.S. has also been resorting to technological blockades and investment restrictions in its bid to contain China. Such multifaceted frictions are likely to be long-term, Gao said.

      Diversifying markets

      Ningbo Lemeijia Electric Equipment Technology, a home appliance manufacturer based in Ningbo, Zhejiang province, and long-term supplier to the U.S. market, said the company has actively communicated with its U.S. partners and explored opportunities to bag more orders after the Geneva talks.

      Even though the company's exports to the U.S. surged 16.9 percent year-on-year to 220 million yuan ($31 million) last year, Luo Lujin, president of Ningbo Lemeijia, said the company has deployed more resources and manpower this year to cultivate emerging markets, especially those in Southeast Asia, Latin America and the Middle East, in order to mitigate the risks brought by unilateralism and geopolitical tensions.

      "Global trade flows are being seriously hampered by supply chain breakdowns, high tariff rates and other challenges. This makes diversification not just an option, but an essential strategy for survival," Luo said.

      Related news
      Most popular in 24h
      APP | PC
      主站蜘蛛池模板: 91福利免费网站在线观看| 中文字幕亚洲图片| 亚洲视频在线免费看| 特级毛片免费播放| 国产精品高清全国免费观看| 亚洲av无码不卡| 东北美女野外bbwbbw免费| 国产亚洲欧洲Aⅴ综合一区| 黑人粗长大战亚洲女2021国产精品成人免费视频 | 亚洲激情电影在线| 四虎影视成人永久免费观看视频| 久久亚洲综合色一区二区三区| a色毛片免费视频| 亚洲av日韩综合一区在线观看| 国内精品一级毛片免费看| 亚洲一区精品中文字幕| 无限动漫网在线观看免费| 天堂在线免费观看| 久久青青成人亚洲精品| 久久aⅴ免费观看| 中文字幕亚洲精品资源网| 无人在线直播免费观看| 亚洲熟妇成人精品一区| 在线观看免费亚洲| 成人午夜影视全部免费看| 久久久久噜噜噜亚洲熟女综合| 99精品全国免费观看视频..| 亚洲丝袜美腿视频| 成人人免费夜夜视频观看| 国产亚洲精品美女久久久久久下载| 亚洲高清国产拍精品青青草原| 国产免费久久精品99久久| 久久亚洲中文字幕精品有坂深雪| 中文毛片无遮挡高潮免费| 亚洲国产欧美一区二区三区| 亚洲男人在线无码视频| 日韩精品无码一区二区三区免费 | 国产亚洲人成A在线V网站| 99re6热视频精品免费观看 | 亚洲男人的天堂久久精品| 久久99亚洲综合精品首页 |