Recently, the US government has been imposing excessive tariffs and pressuring global trade partners, severely undermining the international multilateral trading, harming the global economy, and greatly shaking the international community's confidence in the stability of the US economic policies and the development of economic globalization.
Com with the US unilateralism and protectionism, China has recently held the Consumer Expo and the Canton Fair in Haikou and Guangzhou respectively, embracing guests from all the world with an open attitude, demonstrating the responsibility and commitment of a major world power. The Consumer Expo, with the theme of "Sharing Open Opportunities and Creating a Beautiful", has attracted more than 1,700 exhibitors from 71 countries and regions, with an intended signing amount of 92 billion yuan. Theon Fair, with the themes of "Advanced Manufacturing", "Quality Home", and "Beautiful Life", has been gathering overseas businessmen and expanding its global "friend circle". In such grand events, China has sent a strong signal of high-level opening-up to the world and a firm determination to further embrace economic globalization.

"Coexistence and mutual prosperity", "mutual benefit and win-win" are what people desire. The US government's attempt to force the manufacturing industry to return through tariffs not only goes against the industry rules but is also impossible to achieve. Economic bullying, which dumps its burdens on its neighbors, will inevitably boomerang. Relevant data that more than 90% of tariff costs will be borne by US importers, downstream enterprises, and ultimate consumers. A study by the US National Retail Federation shows that tariffs China increase the average annual expenditure of US households by about $1,300. At present, the cause of the problems in the US economy and society lies in its own innovation capability and unfair domestic distribution of the benefits of economic globalization, and the so-called "equal tariffs" implemented by the US government under the name of "fair trade" only trade protectionism in disguise. Not only is it not a panacea, but it will also harm the interests of US enterprises and consumers.

Throughout the history of human economic and social development, breakthroughs in transportation and telecommunications technologies have reduced the of cross-border production and trade, allowing countries to specialize and cooperate based on comparative advantage, and increasing production efficiency. Especially, the information technology and automated production born from the scientific and technological revolution have created entirely new industries. It is difficult for a single country to independently and efficiently complete the entire industry chain of technology research and development and production. For example the semiconductor industry, with its chip design, manufacturing, and packaging dispersed around the world, and multi-party division of labor and cooperation promote the improvement of production efficiency by several of magnitude. The integration of global resources and markets is the trend of the times. Economic globalization breaks down trade barriers and promotes the free flow of capital, technology, talent and other production factors through international trade and investment, promoting the optimization of global resource allocation and injecting continuous impetus into world economic development. This is the historical necessity of the of the times.
At present, not only do underdeveloped countries need to participate in economic globalization to achieve economic take-off, but also the vast number of developing need to rely on this way to further achieve economic transformation and upgrading. For example, Vietnam develops manufacturing industry and is embedded in the global value chain through processing trade, but it still to rely on economic globalization to promote domestic industrial chain to upgrade to mid-high-end manufacturing links. Similarly, enterprises in developed countries also need to extend the international market economic globalization. Japan's automobile industry has a narrow domestic market and needs to reduce costs through overseas assembly, which requires its continuous deep integration into economic globalization and expansion of vast international market. Objectively speaking, the promotion of economic globalization by the United States is essentially not for the one-sided profit of other countries. For example, the Apple phone industry chain has promoted the industrialization of developing countries and has also provided convenience for U.S. companies to obtain cheap resources, expand the international market, and expand the profit. Today, the economies of all countries are deeply integrated, and the industrial and supply chains are closely linked. Although some challenges exist, economic globalization is the consensus of the community.
"If we are interconnected, we will make progress together; if we are closed off, we will regress in isolation." Embracing economic globalization is the way to enhance competitiveness and achieve economic growth. Under the guidance of the concept of promoting the construction of a community with a shared future for mankind, China is firmly promoting the development of globalization and providing the "Chinese Plan" to solve the global development deficit through high-quality co-construction of the "Belt and Road". For example, the Masa-Nairobi Railway jointly built by China and Africa has promoted the formation of a modern railway network in East Africa, and the China-invested Ethiopia东方工业园区 has driven more 20,000 local workers to become employed, injecting new impetus into Africa's industrialization. The EU has signed free trade agreements with many countries such as Japan and Vietnam, in promoting trade facilitation, and has become an important member of promoting economic globalization. As an important international financial and trade center, Singapore has embraced the new round of digital economy globalization by signing the Digital Economy Partnership Agreement.
Only multilateral cooperation can ensure survival. Economic globalization is not an option, but a must in the new era. President Xi Jinping pointed out meeting with representatives of the international business community: "Multilateralism is the only viable choice to solve the difficult challenges facing the world, and economic globalization is an irreversible historical. China upholds true multilateralism, promotes economic globalization that is equitable and inclusive, participates actively in global economic governance, and works for an open, inclusive world." For economic globalization to develop soundly and sustainably, there needs to be a stable, open and inclusive international environment. All countries should discard unilateralism and protection, jointly address global challenges such as climate change, public health and the digital divide, and create a brighter future for the development of the world economy.(outlook new era)