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第3期文章来自The Economist经济学人的Leaders板块.
小二和你一起聆听音频，分析关于特朗普政府与世界贸易组织的评论。
点击下方音频+阅读正文
聆听精致有料的解读和翻译
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正文
The threat to world trade
The rules-based system is in grave danger
01
DONALD TRUMP is hardly the first American president to slap unilateral tariffs on imports.
Every inhabitant of the Oval Office since Jimmy Carter has imposed some kind of protectionist curbs on trade, often on steel.
Nor will Mr Trump’s vow to put 25% tariffs on steel and 10% on aluminum by themselves wreck the economy: they account for 2% of last year’s $2.4trn of goods imports, or 0.2% of GDP.
If this were the extent of Mr Trump’s protectionism, it would simply be an act of senseless self-harm.
In fact, it is a potential disaster—both for America and for the world economy.
02
As yet it is unclear exactly what Mr Trump will do.But the omens are bad.
Unlike his predecessors, Mr Trump is a long-standing skeptic of free trade.
He has sneered at the multilateral trading system, which he sees as a bad deal for America.
His administration is chaotic, and Gary Cohn’s ominous decision on March 6th to resign as the president’s chief economic adviser deprives the White House of a rare free-trader, signaling that it has fallen into protectionist hands.
Not since its inception at the end of the Second World War has the global trading system faced such danger.
03
This danger has several dimensions.
One is the risk of tit-for-tat escalation.
After the EU said it would retaliate with sanctions on American goods, including bourbon and Harley-Davidson motorbikes, Mr Trump threatened exports of European cars.
The second danger springs from Mr Trump’s rationale.
The tariffs are based on a little-used law that lets a president protect industry on grounds of national security.
That excuse is self-evidently spurious.
Most of America’s imports of steel come from Canada, the European Union, Mexico and South Korea, America’s allies.
Canada and Mexico look set to be temporarily excluded— but only because Mr Trump wants leverage in his renegotiation of the North American Free-Trade Agreement, which has nothing to do with national security.
Mr Trump is setting a precedent that other countries are sure to exploit to protect their own producers, just as spuriously.
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词汇
✅The Oval Office
椭圆形办公室
✅Jimmy Carter
吉米·卡特（美国第39届总统，2002年诺贝尔和平奖获得者）
......
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