U.S. tariff war sparks strong backlash
The U.S. is indiscriminately wielding tariffs, regardless of its allies and adversaries, causing a tumult around the world.
In March, the U.S. imposed a 25 percent tariff on imports from Canada and Mexico, and raised the additional tariffs on Chinese goods to 20 percent, which it has imposed since February. It also imposed a 25 percent tariff on steel and aluminium products imported from all countries.
This month, the U.S. tariff war is even higher.
In the past two days, the United States has imposed additional tariffs of 25 percent on all imported cars.
It also announced a 10% tariff on goods from all countries entering the U.S. and higher tariffs on some countries with large trade volumes. The tariffs will be applied to dozens of European countries and China, which are considered the worst encroachments on their economies, up to 50%.
Foreign media said that these U.S. tariff measures are shocking to the global economy, and the situation is that a full-scale trade war has begun, such as the fierce repulsion of the major U.S. trading partners who are flying in the “tariff bomb”.
China, which has become the main target of the U.S. tariff war, is firmly confronting it.
The Chinese Ministry of Foreign Affairs and the Ministry of Commerce condemned the additional imposition of tariffs in the name of “fragile” by the United States, saying that it is not in line with international trade rules and is a typical and one-sided hegemony, and that the country of origin imposes an additional tariff of 34% on all imported goods of the United States, and includes 16 U.S. entities on the export control list and take corresponding measures.
In February, the Chinese government imposed an additional 15% tariff on U.S. coal and liquefied natural gas, and 10% on crude oil and agricultural machinery. In March, it imposed an additional 15% tariff on chicken, wheat and cold, and 10% on sorghum, soybeans, pork, aquatic products, fruits and dairy products. On the other hand, the World Trade Organization has prosecuted additional tariffs on the dispute resolution system of the United States.
European countries are also pushing back against additional U.S. tariffs.
In a statement, the European Union said: "There is no basis for imposing tariffs on European Union exports. We will respond to unfair measures to protect the interests of European companies and consumers.” declared.
In response to additional U.S. tariffs on steel and aluminium products, the company announced a 50 percent tariff on U.S.-made whisky.
Regarding the additional tariffs on automobiles and the measures of reciprocal tariffs, the Minister of Italy denounced it as a mistake that is not reasonable to anyone, and the head of the European Union Committee said, “We have a strong plan to retaliate.” warned.
In view of this confrontation, various foreign media and media have called out public opinion that criticizes the United States with “U.S. tariffs that mock the world” and “World Trade in Danger”.
What is the purpose of the indiscriminate U.S. tariffs?
Increasing import duties on foreign goods was to protect the country’s markets and industries, and this protectionism was once promoted.
However, experts argue that the deformed economic structure of the United States, which has been reduced to the status of the reserve currency of daughter, and the deformed economic structure of the United States, which has been reduced to the center of consumption and service in the shadow of global financial hegemony, will never be able to recover from the fallen manufacturing industry due to additional tariffs.
For example, we have been playing with additional tariffs on foreign steel and aluminium products before, but areas where the U.S. steel industry is concentrated in Wisconsin, Michigan, and Pennsylvania, still haven’t exuded the stigma of being a “downgraded industrial zone.”
A recent study by the University of Chicago found that 98 percent of economists believe that the burden of high tariffs is basically a burden on U.S. consumers.
The U.S. tariff war has been fought many times in the past, including the “Chicken War” with Europe and trade frictions surrounding beef, tangerines, and automobiles with Japan, but there has never been such a wide range of fields and targets. This is also a sign that the United States is in a desperate state of recession.
The Straits Times Website accused the U.S. tariff storm of destroying geopolitical order as it swept the world.
The U.S. wants to use its hegemony to tie the military, financial, science and trade interests together.
The U.S. risking its losses and wielding tariff sticks could eventually threaten its allies in the Great Wall of Reliance and shake up its rigid economic and trade practices with its trading partners, making it a speculative and self-evident attempt to preserve their hegemony.
The U.S. tumultuous manoeuvres are fueling a strong backlash from the international community.
Head Office Reporter Jang Chul
Published on April 9, 2025. Machine translated from Korean to English
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