Core Viewpoint - The report from the Ministry of Commerce highlights concerns over the United States' unilateral trade practices, which undermine the multilateral trading system and disrupt global supply chains [1][3][9]. Group 1: U.S. Trade Practices - The U.S. has implemented unilateral tariffs and trade measures under the guise of "America First," which have hindered the global economic recovery [3][4]. - The U.S. has been accused of abusing trade remedies and export controls, leading to increased trade barriers and unfair competition [3][5]. - The report emphasizes that the U.S. has become a destroyer of the multilateral trading system, engaging in unilateralism and manipulating industrial policies [3][4]. Group 2: Economic Impact - The report states that U.S. tariffs and trade policies could lead to a 1% reduction in global trade volume by 2025, equivalent to a loss of 4% in expected growth [8]. - New tariffs may increase annual household expenses in the U.S. by $2,500, with 92% of tariff costs ultimately borne by American consumers [8]. - The effective tariff rate in the U.S. has reached its highest level since the Smoot-Hawley Tariff Act of 1930, raising concerns about potential global economic recession [8]. Group 3: Call for Compliance - The report urges the U.S. to abandon its unilateral and protectionist measures, including the so-called "equivalent tariffs," and to adhere to WTO rules [8][9]. - It emphasizes the need for the U.S. to cooperate with other WTO members to enhance the multilateral trading system and promote a more predictable global economic environment [9].
商务部报告揭美所谓“对等关税”本质,敦促其遵守世贸组织规则
2 1 Shi Ji Jing Ji Bao Dao·2025-10-20 11:37