Trump First, or America First?

Published in Huanqiu
(China) on 17 August 2017
by Zhiqin Liu (link to originallink to original)
Translated from by Dagny Dukach. Edited by Aaron Drews.
It looks like the American people are now faced with a new choice: do they want America, or do they want Trump? How could this sort of question arise? It’s because during the election last year, President Trump’s famous slogan was “America First.” This slogan got the American people’s blood rushing, it got people very excited -- but half a year later, people are discovering that "America First" is yet to be realized. Instead, we’re seeing more and more of “Trump First.” President Trump has been enacting all sorts of “executive orders” nonstop, making it clear to the world what “Trump First” is really all about. Meanwhile, “America First” is turning out to be little more than a slogan! Because anyone who has even a trace of international perspective can see that as long as “Trump First” exists, there can never be “America First.” In fact, everything that Trump is doing is actually a hindrance to “America First.”

On Aug. 14, President Trump brandished his pen and signed an “executive memorandum” instructing America’s trade negotiation representative to initiate Section 301*, launching an investigation into the laws, regulations and conduct of Chinese companies that trade with the United States. As everyone knows, this domestic American law violates the basic principles of the World Trade Organization. It is a protectionist piece of legislation which advances unilateral action in direct violation of international conventions mandating fair, equitable and public cooperative practices. This is an extremist trade policy, as the United States itself is well aware.

The fact that America is invoking Section 301 indicates, on the one hand, that the White House is reaching the end of its rope, and, on the other hand, that the irrationality of America’s economic and trade structures is reaching the point where it poses a serious obstacle to America’s own development. Things are not looking good for the United States.

Since President Trump entered the White House, in order to advance “Trump First,” he first targeted the exchange rate, threatening to deem China a “currency manipulator.” But this trick didn’t work, so he tried his second trick: he played the U.S.-China trade deficit card in an attempt to convince the world that America has suffered some great loss. But the vast majority of people are already fed up with these antics, since this trade deficit issue exists between the U.S. and almost every other developed nation in the world. As long as America refuses to open up markets and relax control over high-tech companies, a trade deficit is inevitable. And it is impossible to change this situation solely by relying on other people.

And so, President Trump is trying his third trick: he is playing the Section 301 “Trump Card,” and using it to go after China ferociously. But can this trick really be effective? Can it save the prosperity and stability of America’s economy and trade? Different people have different opinions. As they say in China, “you can only see the mud on your legs after you come out of the water.”** Trump has now played his three cards, and now America is like a reckless man half trapped in a quagmire and struggling to save himself but unable to know whether he is really safe until he emerges from that quagmire.

Some people are worried that President Trump’s use of Section 301 is like an old landlord’s counterattack, meant to hurt the lifeblood of China’s economic development and trade enterprises. There’s certainly no question that if the 301 law actually does launch an investigation, that would be an action with grave consequences. As they say, “an upright man does not fear a crooked shadow, and a blameless man does not fear demons knocking at his door.” It is a real pity that the opponent we face speaks with neither reason nor conscience. When America launched the Gulf War, the Pandora’s box of the Middle East was blown open, and it brought about much suffering, did it not? And, nevertheless, America demanded that these countries, who had suffered such great losses, pay for America’s wartime expenses. This is the principle that guides America’s actions; it is the American way. And when you’re dealing with a country like that, nothing is off the table.

There are also some people who use Imperial Japan as an example. They think that, under America’s Section 301, Japan is surrendering to the United States for a second time (their first surrender being at the end of World War II), and thus ensuring America’s position as global top dog. And so, some people pessimistically believe that China might repeat Japan’s mistakes and be pushed by America into dangerous economic collapse and trade stagnation.

And we should be worried about this; China must plan for the worst. If we are prepared for the worst, we’ll have nothing to fear, no matter what happens. This isn’t alarmist; this is something that very well could happen. In a world where “Trump First” exists, anything is possible.

But China is nothing like Imperial Japan. The greatest difference is that Japan’s market demand was nowhere near as large or vigorous as China’s is today. The vibrancy of China’s market demand has enabled China’s economy and trade to withstand pressure and withstand aggression, and has given it more flexibility, toughness, endurance, rigidity, adaptability and other key factors than that of any other country in the world. The second point is that China has the world’s most comprehensive, complete and mutually complementary industrial and trade structures. The East does not shine as bright as the West; we have a thousand ways to solve the same problem, and we never rely on a tree to cool off in the shade. All of this guarantees the ability of China’s economy and trade to develop sustainably. No matter what kind of attack we suffer, China is certain to avert disaster and smoothly overcome any challenges.

There were significant environmental costs associated with China’s Reform and Opening-Up Policy,*** and some of these costs came from “contributions” from foreign companies, including American companies. China should seriously investigate the U.S.-funded companies that moved their high-power consumption, high-pollution assembly lines to China at that time. In particular, tire manufacturing, the paper manufacturing industry and parts of the synthetic fiber industry have irreparably harmed China’s land, water and air quality. This has had a direct impact on the health and ecological environment of several generations, and the Chinese government has poured huge sums of money into environmental controls meant to help overcome the economic and health losses that these issues created. And when it comes to the engineering and construction work required to deal with this issue - something that impacts the health and environment of millions of people - more than a few foreign companies have used “intellectual property rights” as an excuse to be extremely sluggish in providing the technology and equipment that China needs.

China should launch an investigation and publish an accurate report regarding these issues so that the whole world knows how the problems that accompanied China’s development came about.

China has no intention of fighting for the top position; the best opportunity for China is to maintain its current position. Unfortunately, President Trump does not appreciate how positive the current situation is and instead is determined to provoke trade conflicts. So, let’s wait and see, for America’s cozy “coke and hamburgers” lifestyle certainly cannot persist.

President Trump should understand the Chinese saying, “retire at your peak;” with flexibility, anything can be achieved. All President Trump must do is to abandon his “Trump First” politics and return to a more practical, win-win path. Perhaps the promise of “America First” can finally be realized; it’s just a matter of time.

These are words of kindness, presented with good intentions and positivity; let’s see if President Trump will be grateful!

*Editor’s note: The author is referring to Section 301 of the Trade Act of 1974 which authorizes the U.S. government to investigate foreign governments who, “burden, restrict or discriminate against United States Commerce.”
**Translator’s note: This phrase has a similar meaning to, “He who laughs last, laughs best.”
***Translator’s note: This refers to economic reforms instituted by Deng Xiaoping around 1980.


刘志勤:是“特朗普第一”,还是“美国第一”?

美国人民或许面临一个新的选择:是要美国,还是要特朗普?为什么会出现这样的问题呢?因为去年在选举大战中,特朗普总统的著名口号是:美国第一!这个口号令美国多少人血脉贲张,激情四射!然而半年过去了,人们发现,美国第一并没有实现,但是越来越多的看到了“特朗普第一”!特朗普总统不断地用各种《行政命令》向世界表明什么是真正的“特朗普第一”,至于“美国第一”只是个口号而已!因为凡是有点国际视野的人都会发现只要有“特朗普第一”的存在,那就绝不会有“美国第一”的可能:特朗普的所做所为,恰恰是拉了“美国第一”的后腿。
  8月14日特朗普总统大笔一挥,签署了《行政备忘录》,指示美国的贸易谈判代表启动301条款,对中国企业对美国的贸易往来中的法律法规及行为进行调查。众所周知,美国的这个国内法违背WTO的基本原则,是个单边行动的保护主义法规,有违公平,公正和公开的国际合作惯例。这是一个极端主义的贸易政策,美国自己也心知肚明。
  美国之所以动用301条款,表明白宫已经到了黔驴技穷的地步,也从另一方面表明美国的经济结构和贸易结构的不合理到严重阻碍美国自身发展的地步。情势对美国真的不乐观。
  特朗普总统入主白宫以来,为了突出“特朗普第一”,首先拿汇率说事儿,威胁把中国定性为汇率操纵国;一招不行,又出第二招,拿中美贸易逆差打上“悲情牌”,让世界人误以为美国吃了多大亏似的。可是世界上绝大多数人对这种表演已经厌倦了,因为美国和世界上大多数发达国家的贸易都存在逆差问题。美国不开放市场,不放松高科技企业的管制,逆差势必是个老常态。依靠别人是无法彻底改变这个局面的。
  于是特朗普总统又出了第三招:祭出301条款做为“杀手锏”,杀气腾腾奔向中国。但是这一招真的会奏效吗?会挽救美国的经济和贸易繁荣稳定吗?人们的看法不一。中国的俗话说“出水才看两腿泥”。现在的特朗普总统的"三把斧”已经使出,美国就像半身陷在泥潭里正在奋力自救的莽撞汉子,只有等他真正出了泥潭才知他是否完好无损。
  有人担忧特朗普总统动用301条款是地主老财式的“反攻倒算”,会伤到中国经济发展和贸易企业的命脉。毫无疑问,这次如果真的301法案启动调查将是一个后果严重的举措。我们说身正不怕影子歪,没做亏心事不怕鬼敲门。可惜我们面对的并不是一个真正讲道理,讲良知的对手。美国发动了海湾战争,炸开了中东潘多拉盒子,造成多大的损失?但是美国却会让这些受害国支付它的战争费用。这就是美国的行事原则,是美国的处事风格。和这样的国家打交道,没有点真本事还真的不行。
  还有人拿当年的日本做例子,认为日本正是在美国的301法案下对美国第二次投降(第一次投降结束了二战),确保了美国世界老大的地位。所以有人悲观,中国或许会重蹈日本的覆辙,最后被美国推到经济崩溃,贸易停滞的危险境地。
  有这种担心是对的,中国需要有最坏的打算。准备好了最坏的结果,其它后果就沒什么可怕的了。这个不是危言耸听,而是完全可能发生的事情,因为有“特朗普第一”的存在,一切皆有可能。
  中国和当年的日本完全不同,最重要的区别是日本当年的国内市场需求没有中国的大,也没有中国市场需求旺盛。后者决定了中国经济和贸易的“抗挤压能力”和“抗击打能力”,其柔性,其韧性,其忍性,其刚性,其灵活性等要素都是世界上最好的国家。第二点是中国的产业结构与贸易结构是世界上最全面的,最完整的,最互补的,东方不亮西方亮,堤内损失堤外补,从不靠一棵树乘凉,都保证中国企业和经济的可持续发展的能力,不管受到何种形式的冲击,中国一定可以化险为夷,巧度难关。
  中国的改革开放支付了大量的环境成本,这其中有着一些外囯企业包括美国企业在内的“贡献”。中国要认真调查当年那些把高能耗,高污染的产业生产线转移到中国的美资企业,特别是轮胎制造,造纸业,部分化纤产业对中国的土地,水质和空气造成持久不可逆的破坏,有的还直接影响到几代人的健康和生态环境,对它们造成的经济与健康损失以及为整治环境中国又注入的巨额资金。而在这个涉及千万人健康和生态建设的工程中,不少外国企业借口“知识产权”并不积极向中国提供所需的必要技术和设备。
  中国对这些应该展开调查并做出准确评估,以便诏告世人,中国的发展中产生的问题是如何形成的。
  中国本无意争抢第一把交椅,保持现有状态正是对中国最好的机会,可惜特朗普总统不珍惜放在眼前极好的机会,硬要挑起贸易冲突,那么等待美国的肯定不会是“可乐加汉堡”那样舒适的生活了。
  特朗普总统应当知道“激流勇退”这句中国格言,大丈夫能屈能伸才能成就大事业。特朗普总统只有放弃“特朗普第一”的政治思维,回归到“实事求是”,“合作共赢”的道路上来,或许真的会实现“美国第一”的承诺,只是有个时间早晚的区别而已。
  好言好语相劝,好事好意相送,且看特朗普总统是否领情啦!(作者为中国人民大学重阳金融研究院高级研究员)
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