U.S. trade bullying widely opposed by int'l community

By: XiaoxiaFrom:English Edition of Xinhuanet | Updated: 2019-Jun-4 09:27
text size: T | T
Share:

BEIJING, June 3 (Xinhuanet) -- The U.S. trade bullying has been met with wide criticism from the international community at a crucial time when the global economy is struggling to recover.

The IMF said trade issues had become the biggest uncertainty in the world economy, while the WTO lowered its forecast for global trade growth this year from 3.7 percent to 2.6 percent, due to economic uncertainties.

The United States, as the top economy in the world, should have worked along with the international community for the world's economic development.

However, Washington announced in May that it would "prohibit transactions posing an unacceptable risk" to the country by declaring a national emergency over what it claimed are technological threats.

The U.S. administration is abusing the concept of "national security" to practice trade protectionism with its restrictive moves against Chinese companies.

Because of Washington's hegemonic hubris, the global economy is now under a huge downward pressure, and the long-established international rules that govern global trade transactions are in serious jeopardy.

Scholars and experts from other countries have voiced their support for multilateralism and cooperation.

"The war waged by the United States has made America lose more than money, but the confidence of its allies and Western countries," said Mechthild Leutner, a professor with the Institute of East Asian Studies at Free University of Berlin.

The United States is becoming nervous about China's development and has deeper motives for targeting Chinese imports and high-tech firms, Cambridge University Professor Alan Barrell told Xinhua in a recent interview.

"I don't agree with trade wars, and I know they are never won," he said.

The principles of equality and consultation are instrumental in maintaining international economic and trade relations.

For a trade deal to succeed, all parties, while respecting market choices, need to treat each other as equals and respect their legitimate requests.

In the name of "fair trade," trade hawks in Washington are unilaterally waging a global assault on the flow and the spirit of free trade.

China will join hands with other nations around the world to reject the U.S. bullyism through international cooperation and multilateral coordination and sharing development opportunities.

At the end of the day, the U.S. administration will know that a trade war is bad, and nobody will win.