(CCTV Finance "CCTV Finance Review") Recently, the US government has imposed tariffs on China and its major global trading partners in the name of so-called "reciprocal tariffs". This unilateral act seriously undermines international trade rules, endangers the global economic recovery process, and triggers violent fluctuations in the global market, including the US stock market, which is a blatant challenge to the trend of economic globalization.

The history of human social and economic development is a history of continuous deepening of globalization, and economic globalization is an objective law of the development of productivity. At present, the global value chain and supply chain are constantly extending, and the economies of various countries have long been in you and I have you. The US tariff policy not only makes it difficult to achieve its expected goals, but will instead harm the interests of its own businesses and consumers. According to research by the National Federation of Retailers, tariffs on China have increased the average annual spending of US households by about $1,300. What’s more serious is that this protectionist policy has undermined the stability of the global industrial chain and led to an intensified inflationary pressure. The US government's attempt to force manufacturing back through high tariffs is neither possible, and it violates industrial laws, and it also ignores the efficiency improvement and cost advantages brought by global division of labor.

The process of world modernization has proved that international cooperation is the right choice, and economic decoupling will only weaken the international community's ability to jointly respond to challenges. As a firm supporter of globalization, China has always adhered to the concept of openness and win-win. From jointly building the "Belt and Road" to hosting the CIIE, from expanding foreign investment access to actively reducing tariffs, China has maintained the multilateral trade system with practical actions. The United States' tariff policy against globalization is not in line with the historical trend, but also contrary to the welfare of people of all countries.

At meeting with international business representatives on March 28, General Secretary Xi Jinping pointed out: "Multilateralism is an inevitable choice to solve the difficulties and challenges facing the world, and economic globalization is an unstoppable historical trend. China adheres to true multilateralism, promotes inclusive and inclusive economic globalization, actively participates in global economic governance, and is committed to building an open world economy." History will eventually prove that whoever follows the trend of globalization will win development opportunities; whoever moves against the current will be abandoned by the times. It’s better to stop what harms others and yourself as soon as possible!