The biggest consequence of zero tariffs will be that China will fall into a trade dilemma. Because the United States, the European Union, Japan, the United Kingdom and other countries are core members of the WTO, signing a zero-tariff agreement and then withdrawing from the WTO together is tantamount to declaring the WTO's existence in name only and its collapse.
In fact, these countries are ready to take action under the instigation of the United States and are making efforts in this area. This is actually "Sima Zhao's intention", and its ultimate goal is to target China. They set aside the WTO and established another set of trade rules to allow them to implement mutual trade preferences, making it impossible for China to participate in their trade and share trade preferences.
Their main excuse for doing this is that the Chinese government continues to subsidize foreign trade companies and foreign trade export products, which has led to unfair price competition, which constitutes product dumping, allowing similar products from other countries to be sold in the market. Being at a disadvantage in competition and losing competitive advantage. In response, the U.S. government has repeatedly launched "301" investigations into China and used this as an excuse to launch a trade war against China. Now this trade war is escalating and getting out of hand. This is an attempt to force the Chinese government to submit and make concessions on trade, mainly to make China give up subsidies to state-owned enterprises, give up overseas mergers and acquisitions and unlimited opening of China's domestic market, and ultimately make China give up the preferential trade treatment of developing countries. This prevents China from enjoying various preferential conditions and makes it passive in trade.
The Chinese government should attach great importance to this, rebuild world trade rules, expose the conspiracies of these countries, establish friendly multilateral trade cooperation relations with other countries, break the blockade of the United States and other countries and curb China's trade expansion An attempt to protect China's national sovereignty and interests from being infringed upon.
Reprinted from the Internet