Overseas media widely forwarded ＂International Sharp Review： The United States provoked a trade war to arouse global public outrage, and＂ America first ＂would not succeed＂

　　CCTV News:On July 7th, the Central Radio and Television General Station "International Sharp Review" broadcasted a commentary entitled "The United States provoked a trade war to arouse global public outrage, and" America first "will not succeed", which was reprinted by many overseas media.

　　July 7-8, Facebook account of Radio LCF in France, zazoom.it website in Italy, FM website in Milan, Italy, economic observation network in Turkey, website of Spain National Radio International (Facebook account, Twitter account), website of Rainbow Radio in Lisbon, Portugal, Facebook account of Headline Radio in Rio de Janeiro, Brazil, website of Business News in Kazakhstan, Facebook account of Radio Jordan Global, Chinese PT portal, Chinese Headline APP, Portuguese New Newspaper APP (Facebook account, Twitter account), European Union Chinese website, Africa Times website, West Africa online website, Japanese Chinese Business website, International Daily website, Greek China website, Nordic Times website and many other overseas media have reprinted them. On July 8, Hong Kong’s Wen Wei Po and Ta Kung Pao also published this comment. The main reports are as follows:

　　The Central Radio and Television General Station published a commentary entitled "The United States provoked a trade war to arouse global public outrage, and" America first "would not succeed". The article points out that on July 6th, the United States began to impose a 25% tariff on $34 billion of China’s products exported to the United States, which provoked the largest trade war in human economic history and aroused global public outrage. Experts, scholars, officials and the media from many countries have voiced their voices, condemned the Trump administration’s trade policy of reversing history, expressed concern about its consequences, and pointed out that Trump’s "America First" policy will not succeed.

　　According to the article, Julio Rios, director of the Spanish China Policy Observation Center, said in an exclusive interview with a reporter from China Central Radio and Television Station on the 6th that the ultimate goal of the United States to provoke a trade war is to maximize its own interests and safeguard its hegemonic position in the world in order to cope with the rise of China. Maybe in a few weeks, the impact will spread to the order of trillion dollars, and it will cause 6% loss of global trade and 25% loss of American foreign trade, affect international economic and trade relations, affect the economic development of various countries, and even cause a series of chain reactions: that is, other countries may follow suit and take up tariffs as a weapon to protect themselves. He emphasized that the global impact of this trade war is comparable to the global financial crisis triggered by the US subprime mortgage crisis in 2008, and the whole world is anxious.

　　The article emphasizes that Siegfried Braque, Speaker of the Belgian House of Representatives, said in an exclusive interview with a reporter from China Central Radio and Television Station that the Trump administration started a trade war to honor its election promise, but the practice of imposing additional tariffs on the other side by one economy is against the rules of free trade. In the medium and long term, Trump’s "America First" policy will not succeed.

　　The article pointed out that the British "Financial Times" said that the Governor of the Bank of England has issued a warning that a comprehensive trade war may obviously drag down global economic growth. The model of the Bank of England shows that if the tariff increase between the United States and all its trading partners reaches 10 percentage points, the US output may be reduced by 2.5% and the global output by 1% only through trade channels. If global business confidence declines, financial conditions tighten and tariffs are considered permanent, it will double the output loss.

　　The article said that the BBC analysis pointed out that in the Sino-US trade war, the economies of the United States and China faced the greatest risks, but they were not the only ones. Bigger, chief economist of DBS, said that a full-scale trade war may reduce the GDP of Chinese and American economies by 0.25% this year. "Considering that the growth rate of China is 6-7% and that of the United States is 2-3%, we think that the damage to the United States will be greater than that of China". As the global supply chain is disturbed, South Korea, Singapore, Taiwan Province and other countries and regions may be affected. In the end, American consumers will need to spend more money on products.

　　The article points out that Bloomberg believes that if the US government originally imposed import tariffs on China goods to reassure American chip companies, then the US government failed. According to the American Semiconductor Industry Association, the complexity of the semiconductor supply chain means that American companies will lose more than their counterparts in China. Jimmy goodrich, director of global policy of the association, said that with the upcoming release of the second proposed tariff list — — This time, chips will account for a larger proportion, and the anxiety of American chip manufacturers is rising. "It makes no sense to see that the United States is taxing itself. This is puzzling."

　　According to the article, the New Zurich newspaper reported that Trump did not open up new markets through trade diplomacy, but allowed Washington bureaucracy and planned economic means to breed. Trump’s preference for "sunset industry" has created tensions between different industries in the United States and brought the economy into a downturn. Trump has neither future plans nor entrepreneurial fanaticism. He is only consuming the dissatisfaction of some workers and exchanging tariffs for the loyalty of some enterprises. He says nothing about investing in infrastructure or education, which is in the public interest. Instead of making progress, the United States is in danger of retrogression.

　　The article further points out that Julio Rios, director of the Spanish China Policy Observation Center, believes that the most realistic way for other countries is to diversify their own risks by promoting the diversification of trading partners, especially to consolidate the consensus on global governance and jointly fight against trade protectionism and isolationism. It can be predicted that both Europe and other important economies will strengthen their economic and trade ties with economies outside the United States in the future, and multilateral economic and trade cooperation among the world’s major economies such as China, Europe and Japan will become even more important. In the next few years, with the intensification of isolationism, the United States will be farther and farther away from the world economic and trade arena, while the relations between other major economies will become closer and form a new round of trade globalization.

　　Finally, the article emphasizes that some analysts have pointed out that today’s United States, regardless of its strong dollar or high-tech industrial chain, is supported by China, a super consumer market and a labor power country, which has achieved its "world first" hegemony. If it wants to fight the trade war endlessly, it will cut off its financial path and lose its financial resources, and it will be strange if it does not suffer a terrible failure. Similarly, its trade policy has aroused global anger, and "America first" will eventually isolate the United States from the world.

French Radio LCF Facebook account forwarded on July 7, 2018