10, (Xinhua/GNA) - In the name of putting "America First,"
Washington's trade hawks have been continuously making protectionist and
isolationist waves around the world.
trend of economic globalization is irreversible no matter whether those trade
hardliners like it or not.
Over more than
two centuries, the process of economic globalization has facilitated the flow
of goods, people, capital and technologies across the world, and brought
together nations worldwide, including the United States, to become increasingly
connected and interdependent with each other.
As a result,
the international division of labor has become more extensive, while industrial
production and market have become unprecedentedly globalized. It is a natural
process driven by the energy of increasingly globe-trotting capital which seeks
profits at lower costs.
a protectionist Washington is trying to deconstruct assembly lines in other
countries with higher import tariffs, and to bring back manufacturing jobs to
the United States, it will not only fail but backfire.
In fact, even
if these jobs leave China's shores, they would simply migrate to different
locations with lower production costs due to the global market system, and will
not "return" to the United States in any significant numbers.
Washington might be able to disrupt the global production of some industries
for a limited period of time, it will certainly not be able to reshape them
only to serve its selfish interests, or turn back the clock on the evolution of
established globalized supply chains.
reckless attacks against a rules-based multilateral trading system and an open
global economy have seen an increasingly growing opposition from both within
the United States and around the world.
month, the American Apparel & Footwear Association and four other trade
associations representing the entire U.S. footwear supply chain wrote a letter
to U.S. President Donald Trump, warning him that tariffs would do "untold
damage" to the industry, "ultimately affecting consumers in a
negative way and hamstringing what has traditionally been a hugely successful
part of the American economy."
European Union, "closing up is not the answer." Its trade
commissioner, Cecilia Malmstrom, laid out in Washington Europe's push for
continuing trade liberalization in January, asserting that "we believe in
open, rule-based trade."
It is not just
Europe. Despite Washington's trade bullyism and repeated irresponsible
backtracking on negotiation positions, Beijing has remained cool-headed,
exercised restraint, and demonstrated the greatest sincerity and a strong sense
of responsibility to resolve trade disputes through dialogue.
increasingly inward-looking U.S. administration, China has reaffirmed that its
doors will only open up even wider.
globalization has never been perfect, and has always managed to go forward in
spite of setbacks.
It has produced
tremendous amounts of wealth for humanity, and remains a major force for global
Inspired by a
fresh round of technological advancement, including artificial intelligence,
the Internet-Of-Things and big data, globalization has now entered a new stage
this new era, nations around the world need to cooperate, instead of turning on
each other, so that they can further unfetter the potential of an increasingly
globalized economy and continue to deliver more benefits to people around the
More than two
years ago, at the World Economic Forum in the Swiss ski resort of Davos,
Chinese President Xi Jinping compared the global economy to an ocean that no
country can escape from whether they like it or not.
attempt to cut off the flow of capital, technologies, products, industries and
people between economies, and channel the waters in the ocean back into
isolated lakes and creeks is simply not possible. Indeed, it runs counter to
the historical trend," Xi warned.
still holds true today.