波多野结衣办公室双飞_制服 丝袜 综合 日韩 欧美_网站永久看片免费_欧美一级片在线免费观看_免费视频91蜜桃_精产国品一区二区三区_97超碰免费在线观看_欧美做受喷浆在线观看_国产熟妇搡bbbb搡bbbb_麻豆精品国产传媒

Global EditionASIA 中文雙語Fran?ais
Opinion
Home / Opinion / Global Lens

What US-China standoff means for the world

By Massoud Amin | CHINA DAILY | Updated: 2025-06-06 07:12
Share
Share - WeChat
[Photo/VCG]

Leverage without a road map is pressure without direction. That's what the United States has been doing by staring down its third-largest trading partner from the tariff wall it is building — and calling it strategy. As the United States presses ahead with its devastating China policy, markets slide, shelves thin out, and pressure builds from inside the boardrooms of the US' largest companies.

What began as the US tactical escalation is now bordering on economic siege. More than $10 trillion has been wiped off from the stock market since the US ramped up its policy. Retailers, manufacturers, and supply chain leaders — from automobiles to technologies — have warned that critical inventory is slowing. Tesla and SpaceX founder Elon Musk and other once-aligned CEOs have sounded alarms. The public line remains firm, but the private consensus is shifting.

Inside the White House, there are signs of recalibration. Media reports confirm the US administration has reduced tariffs, bringing levels down from 145 percent to 30 percent, with Treasury Secretary Scott Bessent acknowledging the previous rates were "unsustainable". Pressure works.

Instead of public provocation, Beijing has moved strategically: President Xi Jinping has spent the past month touring Southeast Asia, deepening ties with Cambodia, Vietnam and other countries, while laying the groundwork for expanded economic partnerships across Europe. These are not symbolic gestures. They are structural shifts.

While the trade talks between China and the US in Geneva yielded a temporary tariff truce, both sides remain cautious. High-level engagement is still limited, with major sticking points, such as critical mineral exports and tech restrictions, left unresolved. Not surprisingly, both sides seem to be positioning for leverage rather than compromise. In the meantime, global supply chains remain under strain, inflationary pressure persists, and investor confidence continues to waver due to rising uncertainties.

What's missing is an endgame. Washington has not articulated a specific requirement or demand apart from expressing broad concerns over intellectual property rights protection, China's "industrial overcapacity", and the reshoring of sensitive supply chains. Beijing has not imposed broad counter-embargoes on the US, but it has made clear it will not back down or allow itself to be bullied or isolated on the economic front.

This is not a question of who wins a trade war. In many Western experts' eyes, it's whether the world's two largest economies pursuing global leadership can navigate volatility without confrontation. Strategic competition does not require antagonism but discipline, coherence and goal clarity.

The economic toll of the US' tariff policy is already high. In early April, significant losses were reported from global markets over a brief period of trading. Inflation pressure is mounting, with core costs expected to rise partly due to the effects of the tariffs, while consumer prices are projected to increase over the next 18 months as higher import costs and domestic production expenses take their toll.

Many small manufacturers in the US, which account for the majority of the country's manufacturing sector, are facing closures, with employment in the sector sharply declining, reflecting the broader challenges faced by the industry. Chinese online retailers such as Temu and Shein are either exiting the market or raising prices, because by ending the customs exemption which allowed duty-free entry to goods worth less than $800, the US administration has dented the business models of such retailers.

On the other hand, Europe is preparing digital taxes in retaliation, with several countries implementing or proposing levies targeting major US tech companies. And behind the curtain, key Southeast Asian economies have quietly signaled the US to now ask them to choose sides. They want continuity and stability.

This isn't about trade alone. It's about posturing, too. And it's happening against a backdrop of something larger: a global reassessment of how free societies respond to pressure. Democratic systems are being tested, not because they're weak, but because they work. In contrast, authoritarian models of control thrive in chaos. That's why the stakes here are higher than pricing indexes and shipping costs.

When economic tactics lack clarity, they metastasize into governance breakdowns. When foreign policy becomes personal performance, institutions fracture. The line between strategy and spectacle becomes too thin to hold. We've seen this before and know how it ends.

This is not a call to step back. It's a call to step up — with precision, not posturing. With terms, not theater. With leadership, not improvisations. We need leverage, but we also need a compass. Without one, the world doesn't follow; it fractures.

The next move matters. It should be measured, principled, and smart.

Let's fix the tone.

Let's define the terms.

The author is a fellow at the Institute of Electrical and Electronics Engineers and the American Society of Mechanical Engineers, chairman and president of Energy Policy and Security Associates, and a professor emeritus at the University of Minnesota. The views don't necessarily reflect those of China Daily.

If you have a specific expertise, or would like to share your thought about our stories, then send us your writings at opinion@chinadaily.com.cn, and comment@chinadaily.com.cn.

Most Viewed in 24 Hours
Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
波多野结衣办公室双飞_制服 丝袜 综合 日韩 欧美_网站永久看片免费_欧美一级片在线免费观看_免费视频91蜜桃_精产国品一区二区三区_97超碰免费在线观看_欧美做受喷浆在线观看_国产熟妇搡bbbb搡bbbb_麻豆精品国产传媒
99鲁鲁精品一区二区三区| 欧美一区二区在线看| 国产午夜精品久久久久久久 | 亚洲午夜精品17c| 99久久久国产精品| 全网免费在线播放视频入口| 国产网站一区二区| 国产精品一级二级三级| 五月婷婷欧美激情| 久久久www成人免费毛片麻豆| 久久精品国产在热久久| 一色道久久88加勒比一| 精品国产免费人成电影在线观看四季 | 91美女视频网站| 日本精品视频一区二区| 亚洲欧美国产毛片在线| 中文字幕av一区二区三区人妻少妇 | 日韩欧美视频在线| 蜜桃视频一区二区三区在线观看| 精品久久久久久中文字幕人妻最新| 日韩亚洲欧美成人一区| 美女视频一区二区三区| 懂色av粉嫩av浪潮av| 欧美韩日一区二区三区| 成人精品视频.| 欧美亚洲动漫制服丝袜| 亚洲成人激情综合网| 熟女丰满老熟女熟妇| 欧美精品一区二区高清在线观看| 狠狠色狠狠色合久久伊人| 福利视频第一页| 亚洲欧美中日韩| 韩国三级hd中文字幕有哪些| 91精品国产综合久久福利软件 | 亚洲福利电影网| 一区二区视频观看| 久久久.com| 99久久夜色精品国产网站| 欧美性一区二区| 日韩成人精品视频| 美国精品一区二区| 亚洲美女屁股眼交| 国产精品第七页| 国产视频在线观看一区二区三区| 不卡视频免费播放| 在线不卡中文字幕播放| 狠狠色综合色综合网络| 色88888久久久久久影院野外| 午夜成人免费视频| 国产成人在线网址| 亚洲黄色av一区| 三级网站在线免费观看| 久久精品视频一区二区| 91色porny| 精品福利一区二区三区免费视频| 成人夜色视频网站在线观看| 欧美精品欧美精品系列| 国产美女在线精品| 欧美三级电影精品| 黑人巨大精品欧美一区| 91黄视频在线| 久久国产麻豆精品| 在线免费亚洲电影| 经典三级视频一区| 欧美视频日韩视频| 国产剧情一区二区三区| 欧美日本一区二区三区| 国产精品一区二区男女羞羞无遮挡| 欧美三级乱人伦电影| 国产一区二区三区久久悠悠色av| 精品污污网站免费看| 国产精品资源在线| 4438成人网| 成人动漫一区二区在线| 日韩欧美高清在线| 91浏览器打开| 国产丝袜欧美中文另类| 亚洲第一黄色网址| 亚洲美女电影在线| 开心激情五月网| 热久久久久久久| 欧美日韩在线亚洲一区蜜芽| 国产夫妻精品视频| 欧美成人aa大片| 黄色香蕉视频在线观看| 国产67194| 经典一区二区三区| 欧美一区二区三区免费在线看| 99麻豆久久久国产精品免费| 欧美精品一区视频| 欧美大片免费播放器| 亚洲欧美日韩国产一区二区三区 | 久久综合精品国产一区二区三区| 国产精品嫩草69影院| 国产精品美女久久久久aⅴ国产馆| 少妇毛片一区二区三区| 亚洲制服丝袜av| 少妇久久久久久被弄高潮| 精品一区中文字幕| 日韩一二在线观看| 国产艳妇疯狂做爰视频| 亚洲天堂精品视频| 成人欧美一区二区三区黑人一 | 欧美刺激脚交jootjob| 免费黄色av网址| 亚洲欧美福利一区二区| 男人操女人的视频网站| 国产精品系列在线播放| 久久久综合精品| 偷拍夫妻性生活| 蜜桃视频免费观看一区| 日韩写真欧美这视频| 俄罗斯黄色录像| 亚洲伊人伊色伊影伊综合网| 在线视频国产一区| fc2成人免费人成在线观看播放| 欧美激情中文字幕| 五月激情四射婷婷| 精品一二三四区| 久久嫩草精品久久久久| 亚洲黄色小说视频| 精品一区二区成人精品| 久久亚洲免费视频| www..com.cn蕾丝视频在线观看免费版| 琪琪一区二区三区| 日韩一卡二卡三卡四卡| 精品无码人妻一区| 男人的j进女人的j一区| 精品日韩成人av| 先锋影音av在线| 国模一区二区三区白浆| 久久精品一级爱片| 黄色录像一级片| 成人激情开心网| 亚洲精品国产精华液| 91福利在线看| 女同性αv亚洲女同志| 亚洲国产成人av好男人在线观看| 在线不卡一区二区| 人人妻人人澡人人爽人人精品| 美国一区二区三区在线播放| 久久久噜噜噜久久人人看| 自拍偷拍你懂的| 成人av在线资源网站| 一区二区三区中文在线观看| 欧美日韩你懂得| 无码人妻精品一区二区三区温州| 免费三级欧美电影| 久久久久久久久久久久久久久99 | 久久亚洲无码视频| 国产精品一二三| 亚洲三级免费观看| 欧美日韩免费电影| 毛茸茸多毛bbb毛多视频| 国内精品国产三级国产a久久| 亚洲国产精品传媒在线观看| 91久久精品一区二区| wwwxx日本| 精品亚洲成a人| 中文字幕日韩一区| 欧美日韩成人高清| 成人黄色免费网址| 成人av资源下载| 三级久久三级久久久| 久久男人中文字幕资源站| 日本天堂中文字幕| 国产婷婷在线观看| 国产永久精品大片wwwapp| 亚洲天堂网中文字| 日韩一区二区免费在线观看| youjizz亚洲女人| 91久色porny| 奇米777欧美一区二区| 中文无字幕一区二区三区| 欧美日韩久久久一区| 国产1区2区在线观看| 亚洲精品无码久久久久久久| 美国毛片一区二区| 亚洲色大成网站www久久九九| 日韩欧美国产1| 色综合久久中文综合久久牛| 日韩成人av一区二区| 成人午夜短视频| 日韩avvvv在线播放| 国产精品美女久久久久aⅴ| 欧美精品一卡二卡| 99精品全国免费观看| 中文字幕视频观看| 国产精品 欧美精品| 午夜精品久久久久久久久久| 国产精品污网站| 日韩一区二区高清| 一本大道av一区二区在线播放 | 久久综合一区二区| 欧美在线制服丝袜| 五月婷婷六月香| 日本一区二区在线免费观看| 不卡一区二区在线| 精彩视频一区二区| 午夜激情一区二区三区|