On April 11th, the People’s Daily reported that the United States’ “tariff blackmail” seriously disrupts the stability of the global industrial and supply chains, distorts the allocation of global market resources, and harms others without benefiting oneself. The US government is attempting to force the manufacturing industry to return through tariffs, but in fact, tariffs will be transmitted through the industrial and supply chains, exacerbating the risks of supply chain disruptions and industrial hollowing out. This not only makes it difficult to revive the manufacturing industry, but also weakens its industrial foundation. History and reality have shown that a rules based multilateral trading system is in line with the common interests of all countries. Unilateralism and protectionism undermine global industrial chains, supply chains, and value chains, threatening the stability and development of the world economy. Faced with common challenges such as weak global economic growth, China and the United States, as the top two economies in the world, particularly need to view each other’s development as opportunities rather than challenges, treat each other as partners rather than rivals, shoulder the responsibility of major powers to maintain the stability of the global industrial and supply chains, make the global industrial and supply chains more resilient, efficient, and dynamic, and inject certainty into the development of the world economy.
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