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Home / Business / China US trade tensions

Going against trends of the times not making America great again

chinadaily.com.cn | Updated: 2019-05-26 18:57
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Withdrawing from international treaties, building border walls and starting trade wars, the United States seems to be intent on reconstructing the postwar international order that it built itself. People's Daily comments:

Economic globalization drives world economic growth. For decades, the US has been the leader of economic globalization. In fact, it is also the largest beneficiary of the process.

It is beyond all expectations that some US politicians should suddenly decide what globalization brings to the US workers is only poverty and sorrow.

Their true objective is to attribute the US' domestic troubles to foreign countries, so as to maximize the US interests at the cost of other countries.

It is this dark idea that has caused some politicians in the US to lose their rationality and pull out the rusty weapons they used in the past.

The question is will "America first" make America great again?

The trade war will undoubtedly push up commodity prices in the US market. Statistics show that the US farmers' net incomes dropped by 16 percent year-on-year in 2018, plummeting to the level when the 2008 financial crisis broke out.

Many US companies complain that the US administration ignores their interests, and there will be no winners in the trade war.

The World Trade Organization has lowered its prediction of global trade growth this year from 3.7 percent to 2.6 percent, the lowest in three years. The US' selfishness has, again, created a recession trap for the world.

While the US is moving further and further away from globalization, China, as always, supports free trade and economic globalization. China is a builder of world peace, a contributor to global development and a protector of the international order.

History indicates no matter how powerful a country is, if it goes against the historical trends, it will be doomed to failure.

US politicians should realize they cannot reverse the trends of history.

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