Recently, under the banner of America First, the US has imposed unfair tariffs on all trading partners, including China, causing serious disruption in all countries’ economies, global financial markets, widespread international condemnation and domestic disruption.
This is a typical move of unilateral, protectionism, and economic bullying, to seriously undermine the legal rights and interests of all countries, violate the World Trade Organization (WTO) rules, hamper the rules of rules, and to destabilize the global economic order.
The Chinese government is smearing this and firmly rejecting it. The international community can’t stand it vaguely and should not turn the wheels of history back on.
The United States is not a victim, it is a beneficiary of global trade. This rationale selectively ignores the dominant advantages in trade in services, so the imposition of US tariffs under the “trade deficit of chronic goods” is unfair.
As WTO Director Ngozi Okonjo-Iweala pointed out, the US reached nearly $300 billion in 2024, maintaining a surplus of trade in services with most major economies.
More importantly, the United States holds almost synonymous power in its high value services. Intellectual property royalties annually exceed $144 billion, reducing other countries. The claim that “America will lose” based solely on the trade deficit of goods remains fundamentally unacceptable.
The reckless imposition of US tariffs is harmful to both the interests of its own country and the interests of other countries. By unilaterally collecting “mutual tariffs” outside the WTO’s conflict resolution mechanism, the United States is undermining decades of multilateral trade construction efforts since World War II.
This protectionist move has caused major damage to multilateral trade rules, further fragmenting the global economy, disrupts industry and supply chains, weakens international trust to advance economic globalization, and sets negative precedents.
At the same time, the policy has caused immediate consequences. The US stock market entered the day after tariffs were announced, wiping out its $5 trillion market value in 48 hours. Yale University predicts that a 20% tariff could cost a wide range of $4,200 a year on the average American family, adding an additional $433 billion to US businesses.
History and reality prove that raising tariffs cannot solve the inherent problems of America.
China is a solid supporter of true multilateralism and a decisive protection of the multilateral trading system. China firmly believes that development is not an exclusive privilege of a few, but an intransitable right in all countries.
In recent years, China has actively utilized green channels to the market for Africa’s exports, hosting a variety of trade fairs and supporting more qualified high-quality specialized products from the most developed countries to enter the Chinese market.
Through initiatives such as skills training programs and support for cross-border e-commerce enterprises, China is helping partner countries strengthen their trade capacity building.
These efforts have opened the doors of new opportunities for developing countries and have enabled wider participation in inclusive and equitable economic globalization. Since the Beijing Summit of the China-Africa Cooperation Forum (FOCAC), China has allowed zero-rif treatment to all developed countries, including Liberia, which have established diplomatic ties with China.
In the fourth quarter of last year, Liberia exported $652 million in rubber and related products to China, an increase of more than 29 times the previous year. China has expanded its invitations to Liberian businesses and businesses, and is actively participating in major exhibitions such as the Shanghai Import Expo, the China-Africa Economic and Trade Expo in Changsha, and the Canton Fair.
These platforms aim to increase awareness and influence of Liberian brands and expand sales channels. At the same time, we are actively collaborating with the Liberian Arrest Agenda (AAID) to promote investment by Chinese companies in Liberia.
This will allow more Liberian origin products to benefit from policy incentives, expand Liberian exports and drive socioeconomic development.
China is staunchly opposed to the tariff war and the trade war. There are no winners in tariffs and trade wars. Protectionism is a dead end. China doesn’t want to fight these wars, but it’s not afraid of them.
In response to the unilateral provocation of the US government, China has enacted a series of solid, proportional measures. China is an honest and legitimate major country and a responsible member of the international community.
China stands up to protect its own legitimate rights and interests, as well as protecting the common interests of the international community, but also to oppose hegemony.
We never sit sloppy while the legitimate rights of the Chinese are undermined and international trade rules and multilateral trading systems are eroded. China is willing to work with all parties to jointly protect the WTO-centric multilateral trading system and to defend international equity and justice.
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China is the second largest economy and the second largest market for consumer goods, and it promises to spread worldwide no matter how the international situation changes. We will continue to advance the high standard openings. We will steadily expand the opening of the system in rules, regulations, management and standards.
Implement high standard policies for trade and investment liberalization and facilitation. We promote a first-class market-oriented, legally based, internationalized business environment.
All countries, including Liberia, are welcome to aboard the Chinese Development Express train and share opportunities from China’s huge market.
We believe openness and cooperation are historical trends. The world will not return to mutual isolation or fragmentation, nor should it be.
We are confident that the majority of countries committed to equity and justice will stand on the right side of history and act in their best interests.
We are confident that the world must accept fairness and reject hegemony. After the storm, the clear sky wins. China will certainly join the international community and build a bright future of mutually beneficial cooperation!
