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独家专访亚开行前行长中尾武彦:特朗普关税政策是彻头彻尾的误导,RCEP应加强合作
Di Yi Cai Jing· 2025-05-06 08:22
Group 1 - The core viewpoint emphasizes the need for stronger cooperation under the Regional Comprehensive Economic Partnership (RCEP) to promote mutual free trade in response to global trade challenges posed by U.S. tariff policies [1][11] - The U.S. tariff policies under the Trump administration are criticized as misleading, particularly in their neglect of the U.S. surplus in the services sector, which is a significant aspect of the U.S. economy [3][5] - The global division of labor is based on economic rationality, making it difficult to shift manufacturing back to the U.S. despite political desires [6][7] Group 2 - The U.S. trade deficit is viewed as a misrepresentation of the overall economic benefits derived from both goods and services trade, with the latter providing substantial income to a limited segment of the population [5][4] - The uncertainty created by U.S. tariff policies has led to volatility in financial markets, affecting not only companies but also high-net-worth individuals who initially supported these policies [6][8] - The potential for collaboration among Japan, China, and South Korea is highlighted, with a call for these nations to defend free trade and open larger markets to each other [11][12] Group 3 - Japan's monetary policy normalization may be impacted by the uncertainties stemming from U.S. tariff policies, potentially slowing down the pace of interest rate hikes [12] - The discussion around the undervaluation of the yen suggests that Japan may seek a gradual appreciation of its currency, aligning with traditional market-driven exchange rate principles [10] - The need for Japan to address domestic economic issues, such as income inequality and inflation, is underscored, particularly in light of the pressures from U.S. trade policies [5][12]