Currently, the Trump administration's policy of reciprocal tariffs has intensified the enormous risks of trade globalization and has had a significant disruptive effect on the operation of global industrial and supply chains. For Jiangsu, a major economic province, its impact is not only complex and multidimensional, but also long-term and far-reaching. It will bring short-term enormous pressure and push for medium and long-term structural adjustment and industrial upgrading. We must analyze and treat it seriously, and promptly introduce corresponding policy measures.
In short, the impact of the Trump administration's reciprocal tariffs policy on Jiangsu is a double-edged sword. It will intensify export pressure and supply chain costs in the short term, while also forcing industrial upgrading, market diversification, and supply chain resilience improvement in the long term. Through enterprise innovation, government policy support, and industrial chain coordination, Jiangsu is gradually building the new development pattern featuring dual circulation, in which domestic and overseas markets reinforce each other, with the domestic market as the mainstay. In the future, it is necessary to further expand domestic market sales, strengthen technology research and development, deepen cooperation with countries jointly building the the Belt and Road, and improve financial instruments such as exchange rate hedging, so as to cope with the changes in global trade.
As a leading export-oriented economy province in the country, Jiangsu needs to work together in multiple dimensions such as policy guidance, industrial upgrading, market layout, and risk hedging to build a high-level opening-up economic new system with strong resilience, sufficient innovation, and smooth circulation.
