2018年CRI 美国保护主义行径危害国际贸易

（单词翻译）

Stiglitz said that the Trump¹ administration has initiated² a potential trade war against China partly to serve its own political purposes.

"His fixation with the bilateral³ trade deficit⁴ is really primitive⁵. He seems to say when we have a trade deficit with a country, he says that country is playing unfair. I'm actually convinced that Trump wants a little war for his political purposes. There has been a wing at the Republican Party, not all, but a wing of it, that has been skeptical⁶ of international engagement for some time, and Trump has sort of exploited that."

Stiglitz also warned that appeasing⁷ a minor⁸ few would be at the cost of the majority, saying that "helping⁹ Wall Street does not help the 'Rust¹⁰ Belt.'" He noted¹¹ that trade disputes should be solved within a multilateral framework, like the World Trade Organization, and in accordance with international rule of law, instead of sticking to bilateral bargaining, where power matters.

"The WTO provides a framework for adjudicating disputes. If we the United States think they are violating WTO rules, you file a case. What is remarkable¹² about the Trump administration is that they have not filed those cases. So you have to guess, is there or is there not a violation¹³? China is actually beginning to file cases against the United States. What the United States is doing in steel and aluminum¹⁴ is probably a violation of WTO laws."

斯蒂格利茨.jpg

Stiglitz said that even though China is the world's second largest economy, the country is still classified by the World Bank as a developing economy. The U.S. must understand that China has its own right to develop.

"The United States has to buy into the notion that China has to have the right to develop. You mentioned their 2025 policy, that's based on a recognition that they are a developing country. It's a big developing country, but their per capita income is one fifth of the United States. So they want to develop. Obviously, any developing country has an aspiration¹⁵ of closing their per capita income gap, and that's going to require investments across the board, infrastructure¹⁶, and also education."

Stiglitz also urged the U.S. not to impose its own legal framework on China; but rather, the U.S. and China should try to expand areas for cooperation where there's room for consensus¹⁷.

Stiglitz was among a long list of panelists present at the China Institute 2018 Executive Summit, themed "U.S.-China Business in the New World Order." The event brought together hundreds of U.S. and Chinese CEOs, government leaders, business insiders and experts to examine challenges and opportunities amid the changing business relations between the U.S. and China.