Central Topic

A More Proactive "Going Global" Approach to Counter Trump's So-Called "Reciprocal Tariffs"

来源: 2025 Issue 2 作者:BAO Ge

Currently, the Trump Administration has implemented a series of impactful foreign policies, most notably the controversial "reciprocal tariffs" introduced in April 2025. Historically, this marks the inevitable culmination of a century-long cycle in the United States (US) trade policy. While the US economy remains relatively resilient in the short and medium term, retaining stronger capacity to withstand fluctuations than most developed countries. China's manufacturing capacity is unparalleled globally. Therefore, China's global deployment of goods and capital should not only adhere to general economic principles, but also reflect its unique feature of production capacity, exploring a "going global" model tailored to its industrial and supply chain ecosystems. In shaping the new global economic and trade landscape, China aims to create a global production capacity model aligned with its industrial structure.

 

Trump's Foreign Policy: Chaotic in Appearance, Strategic in Objective 

At the outset of his second term in February 2025, Donald Trump introduced "reciprocal tariffs", mandating equal tariff rates between the US and its trading partners, alongside proposed levies on countries using value-added tax (VAT) systems. The April 2 official announcement of these "reciprocal tariffs" triggered significant shocks across global trade, finance, and flows of industrial information, capital, and goods. Volatility in the three major US stock indices neared 2008 global financial crisis levels, while the Trump Administration spent April repeatedly revising the policy and issuing ambiguous cabinet statements, including 180-degree reversals within 48 hours. This challenged long-held perceptions of the US governance as professionally consistent and rational. Analyzing Trump's trade policy through short-, medium-, and long-term perspectives reveals both historical inevitability and personalistic traits, requiring evaluation beyond surface-level chaos.

本文是付费内容,请先 登录数字阅读账户订阅数字杂志
数字杂志阅读
您尚未登陆
登陆 注册
本期