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\u7684\u5931\u6548\u3002\u4e0a\u661f\u671f\u5728\u5580\u9ea6\u9686\u4e3e\u884c\u7684WTO\u7b2c14\u6b21\u90e8\u957f\u7ea7\u4f1a\u8bae\u4e2d\uff0c\u5373\u4f7f\u4f17\u591a\u6210\u5458\u90fd\u8868\u793a\u51fa\u6539\u9769WTO\u7684\u5f3a\u70c8\u610f\u613f\uff0c\u4f46\u56e0\u610f\u89c1\u5206\u6b67\u3001\u7fa4\u9f99\u65e0\u9996\uff0c\u6700\u7ec8\u6ca1\u6709\u8fbe\u81f4\u5171\u8bc6\u3002\u56de\u5934\u518d\u770b\u4e2d\u4e1c\u7684\u5c40\u9762\uff0c\u5f53\u524d\u7684\u4e16\u754c\uff0c\u5df2\u8fc8\u5165\u4e86\u5927\u7acb\u4e4b\u524d\u7684\u5927\u7834\uff0c\u671b\u53ef\u65e9\u65e5\u5426\u6781\u6cf0\u6765\u3002 \u3010\u6ce81\u3011https:\/\/www.wsj.com\/opinion\/donald-j-trump-my-tariffs-have-brought-america-back-2248391b \u3010\u6ce82\u3011https:\/\/www.piie.com\/research\/piie-charts\/2025\/trumps-tariff-revenue-tracker-how-much-us-collecting-which-imports-are \u3010\u6ce83\u3011https:\/\/gopinath.scholars.harvard.edu\/publication\/incidence-tariffs-rates-and-reality-0 \u3010\u6ce84\u3011https:\/\/www.theguardian.com\/us-news\/2026\/mar\/13\/trump-tariffs-poll \u9646\u708e\u8f89\u6559\u6388 \u6e2f\u5927\u7ecf\u7ba1\u5b66\u9662\u8363\u8a89\u526f\u6559\u6388 \uff08\u672c\u6587\u540c\u65f6\u4e8e\u4e8c\u96f6\u4e8c\u516d\u5e74\u56db\u6708\u4e00\u65e5\u8f7d\u4e8e\u300a\u4fe1\u62a5\u300b\u201c\u9f99\u864e\u5c71\u4e0b\u201d\u4e13\u680f\uff09\" \/>\n\t<meta name=\"robots\" content=\"max-image-preview:large\" \/>\n\t<meta name=\"google-site-verification\" content=\"google-site-verification=MjdkluDgHpNk2vz5slbwER2Gusw2rUDQuVULMERWzLo\" \/>\n\t<link rel=\"canonical\" href=\"https:\/\/www.hkubs.hku.hk\/sc\/research\/thought-leadership\/hkej-column\/trumps-reciprocal-tariffs-a-one-year-review\/\" \/>\n\t<meta name=\"generator\" content=\"All in One SEO (AIOSEO) 4.9.10\" \/>\n\t\t<meta property=\"og:locale\" content=\"en_US\" \/>\n\t\t<meta property=\"og:site_name\" content=\"HKU Business School -\" \/>\n\t\t<meta property=\"og:type\" content=\"article\" \/>\n\t\t<meta property=\"og:title\" content=\"\u5bf9\u7b49\u5173\u7a0e\u4e00\u5468\u5e74 \u5236\u9020\u4ecd\u5f31\u8d38\u8d64\u5347 - HKU Business School\" \/>\n\t\t<meta property=\"og:description\" content=\"\u7279\u6717\u666e\u5bf9\u5168\u7403\u53d1\u8d77\u7684\u5bf9\u7b49\u5173\u7a0e\u6218\uff0c\u5230\u660e\u5929\u4fbf\u6574\u6574\u4e00\u5e74\u3002\u53bb\u5e74\u76844\u67082\u65e5\uff0c\u4ed6\u5728\u767d\u5bab\u73ab\u7470\u56ed\u610f\u6c14\u98ce\u53d1\u5730\u5ba3\u5e03\u5f53\u5929\u662f\u7f8e\u56fd\u7684\u201c\u89e3\u653e\u65e5\u201d\uff0c\u8bf4\u591a\u5e74\u6765\u5176\u4ed6\u56fd\u5bb6\u901a\u8fc7\u8d38\u6613\u63a0\u593a\u7f8e\u56fd\uff0c\u5f53\u5929\u662f\u7f8e\u56fd\u4ee5\u5bf9\u7b49\u5173\u7a0e(reciprocal tariffs)\u6765\u8fd8\u51fb\u7684\u65f6\u5019\u3002\u6240\u8c13\u5bf9\u7b49\uff0c\u5e76\u975e\u6307\u76f8\u540c\u7a0e\u7387\uff0c\u800c\u662f\u201c\u4f60\u4e0d\u4ec1\u3001\u6211\u4e0d\u4e49\u201d\u7684\u610f\u601d\u3002\u4ed6\u8fd8\u8ba1\u7b97\u597d\u5bf9\u6bcf\u4e2a\u7ecf\u6d4e\u4f53\u5f81\u6536\u7684\u7a0e\u7387\uff0c\u5305\u62ec\u63a5\u8fd1\u5357\u6781\u6d32\u65e0\u4eba\u5c45\u4f4f\u7684\u8d6b\u5fb7\u53ca\u9ea6\u5f53\u52b3\u7fa4\u5c9b\u3002\u968f\u540e\u7684\u5927\u534a\u5e74\uff0c\u56fd\u9645\u7ecf\u6d4e\u7684\u7126\u70b9\u90fd\u96c6\u4e2d\u5728\u7f8e\u56fd\u548c\u5176\u4ed6\u7ecf\u6d4e\u4f53\u3001\u7279\u522b\u662f\u4e2d\u56fd\u3001\u7684\u5173\u7a0e\u8c08\u5224\u3002 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\u672c\u5e742\u670820\u65e5\uff0c\u7f8e\u56fd\u9ad8\u7b49\u6cd5\u9662\u88c1\u5b9a\u7f8e\u56fd\u603b\u7edf\u6ca1\u6709\u6743\u529b\u5f15\u7528\u300a\u56fd\u9645\u7d27\u6025\u7ecf\u6d4e\u6743\u529b\u6cd5\u300b(International Emergency Economic Powers Act) \u6765\u5f81\u6536\u5173\u7a0e\uff0c\u5927\u5927\u538b\u7f29\u4e86\u4ed6\u6325\u821e\u5173\u7a0e\u5927\u68d2\u7684\u7a7a\u95f4\u3002\u4ed6\u5728\u6570\u5929\u540e\u4ee51974\u5e74\u8d38\u6613\u6cd5\u6848\u7b2c122\u6761\u6b3e\u4f5c\u4e3a\u6cd5\u5f8b\u6839\u636e\uff0c\u7ee7\u7eed\u5f81\u6536\u5e73\u5747\u7ea613%\u7684\u5173\u7a0e\uff0c\u4f4e\u4e8e\u4e4b\u524d\u7684\u5e73\u574716% \uff0c\u4f46\u540c\u65f6\u9762\u5bf9150\u5929\u7684\u671f\u9650\u3002 \u603b\u7684\u6765\u8bf4\uff0c\u7279\u6717\u666e\u7684\u5bf9\u7b49\u5173\u7a0e\u6765\u52bf\u6c79\u6c79\uff0c\u4f46\u96f7\u58f0\u5927\u96e8\u70b9\u5c0f\uff0c\u6548\u679c\u8fdc\u4f4e\u4e8e\u4ed6\u7684\u9884\u671f\u6216\u5984\u60f3\u3002 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\u7684\u5931\u6548\u3002\u4e0a\u661f\u671f\u5728\u5580\u9ea6\u9686\u4e3e\u884c\u7684WTO\u7b2c14\u6b21\u90e8\u957f\u7ea7\u4f1a\u8bae\u4e2d\uff0c\u5373\u4f7f\u4f17\u591a\u6210\u5458\u90fd\u8868\u793a\u51fa\u6539\u9769WTO\u7684\u5f3a\u70c8\u610f\u613f\uff0c\u4f46\u56e0\u610f\u89c1\u5206\u6b67\u3001\u7fa4\u9f99\u65e0\u9996\uff0c\u6700\u7ec8\u6ca1\u6709\u8fbe\u81f4\u5171\u8bc6\u3002\u56de\u5934\u518d\u770b\u4e2d\u4e1c\u7684\u5c40\u9762\uff0c\u5f53\u524d\u7684\u4e16\u754c\uff0c\u5df2\u8fc8\u5165\u4e86\u5927\u7acb\u4e4b\u524d\u7684\u5927\u7834\uff0c\u671b\u53ef\u65e9\u65e5\u5426\u6781\u6cf0\u6765\u3002 \u3010\u6ce81\u3011https:\/\/www.wsj.com\/opinion\/donald-j-trump-my-tariffs-have-brought-america-back-2248391b \u3010\u6ce82\u3011https:\/\/www.piie.com\/research\/piie-charts\/2025\/trumps-tariff-revenue-tracker-how-much-us-collecting-which-imports-are \u3010\u6ce83\u3011https:\/\/gopinath.scholars.harvard.edu\/publication\/incidence-tariffs-rates-and-reality-0 \u3010\u6ce84\u3011https:\/\/www.theguardian.com\/us-news\/2026\/mar\/13\/trump-tariffs-poll \u9646\u708e\u8f89\u6559\u6388 \u6e2f\u5927\u7ecf\u7ba1\u5b66\u9662\u8363\u8a89\u526f\u6559\u6388 \uff08\u672c\u6587\u540c\u65f6\u4e8e\u4e8c\u96f6\u4e8c\u516d\u5e74\u56db\u6708\u4e00\u65e5\u8f7d\u4e8e\u300a\u4fe1\u62a5\u300b\u201c\u9f99\u864e\u5c71\u4e0b\u201d\u4e13\u680f\uff09\" \/>\n\t\t<meta property=\"og:url\" content=\"https:\/\/www.hkubs.hku.hk\/sc\/research\/thought-leadership\/hkej-column\/trumps-reciprocal-tariffs-a-one-year-review\/\" \/>\n\t\t<meta property=\"article:published_time\" content=\"2026-04-01T02:42:07+00:00\" \/>\n\t\t<meta property=\"article:modified_time\" content=\"2026-04-01T02:47:12+00:00\" \/>\n\t\t<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n\t\t<meta name=\"twitter:title\" content=\"\u5bf9\u7b49\u5173\u7a0e\u4e00\u5468\u5e74 \u5236\u9020\u4ecd\u5f31\u8d38\u8d64\u5347 - HKU Business School\" \/>\n\t\t<meta name=\"twitter:description\" content=\"\u7279\u6717\u666e\u5bf9\u5168\u7403\u53d1\u8d77\u7684\u5bf9\u7b49\u5173\u7a0e\u6218\uff0c\u5230\u660e\u5929\u4fbf\u6574\u6574\u4e00\u5e74\u3002\u53bb\u5e74\u76844\u67082\u65e5\uff0c\u4ed6\u5728\u767d\u5bab\u73ab\u7470\u56ed\u610f\u6c14\u98ce\u53d1\u5730\u5ba3\u5e03\u5f53\u5929\u662f\u7f8e\u56fd\u7684\u201c\u89e3\u653e\u65e5\u201d\uff0c\u8bf4\u591a\u5e74\u6765\u5176\u4ed6\u56fd\u5bb6\u901a\u8fc7\u8d38\u6613\u63a0\u593a\u7f8e\u56fd\uff0c\u5f53\u5929\u662f\u7f8e\u56fd\u4ee5\u5bf9\u7b49\u5173\u7a0e(reciprocal tariffs)\u6765\u8fd8\u51fb\u7684\u65f6\u5019\u3002\u6240\u8c13\u5bf9\u7b49\uff0c\u5e76\u975e\u6307\u76f8\u540c\u7a0e\u7387\uff0c\u800c\u662f\u201c\u4f60\u4e0d\u4ec1\u3001\u6211\u4e0d\u4e49\u201d\u7684\u610f\u601d\u3002\u4ed6\u8fd8\u8ba1\u7b97\u597d\u5bf9\u6bcf\u4e2a\u7ecf\u6d4e\u4f53\u5f81\u6536\u7684\u7a0e\u7387\uff0c\u5305\u62ec\u63a5\u8fd1\u5357\u6781\u6d32\u65e0\u4eba\u5c45\u4f4f\u7684\u8d6b\u5fb7\u53ca\u9ea6\u5f53\u52b3\u7fa4\u5c9b\u3002\u968f\u540e\u7684\u5927\u534a\u5e74\uff0c\u56fd\u9645\u7ecf\u6d4e\u7684\u7126\u70b9\u90fd\u96c6\u4e2d\u5728\u7f8e\u56fd\u548c\u5176\u4ed6\u7ecf\u6d4e\u4f53\u3001\u7279\u522b\u662f\u4e2d\u56fd\u3001\u7684\u5173\u7a0e\u8c08\u5224\u3002 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\u3010\u6ce84\u3011https:\/\/www.theguardian.com\/us-news\/2026\/mar\/13\/trump-tariffs-poll \u9646\u708e\u8f89\u6559\u6388 \u6e2f\u5927\u7ecf\u7ba1\u5b66\u9662\u8363\u8a89\u526f\u6559\u6388 \uff08\u672c\u6587\u540c\u65f6\u4e8e\u4e8c\u96f6\u4e8c\u516d\u5e74\u56db\u6708\u4e00\u65e5\u8f7d\u4e8e\u300a\u4fe1\u62a5\u300b\u201c\u9f99\u864e\u5c71\u4e0b\u201d\u4e13\u680f\uff09","og:url":"https:\/\/www.hkubs.hku.hk\/sc\/research\/thought-leadership\/hkej-column\/trumps-reciprocal-tariffs-a-one-year-review\/","article:published_time":"2026-04-01T02:42:07+00:00","article:modified_time":"2026-04-01T02:47:12+00:00","twitter:card":"summary_large_image","twitter:title":"\u5bf9\u7b49\u5173\u7a0e\u4e00\u5468\u5e74 \u5236\u9020\u4ecd\u5f31\u8d38\u8d64\u5347 - HKU Business School","twitter:description":"\u7279\u6717\u666e\u5bf9\u5168\u7403\u53d1\u8d77\u7684\u5bf9\u7b49\u5173\u7a0e\u6218\uff0c\u5230\u660e\u5929\u4fbf\u6574\u6574\u4e00\u5e74\u3002\u53bb\u5e74\u76844\u67082\u65e5\uff0c\u4ed6\u5728\u767d\u5bab\u73ab\u7470\u56ed\u610f\u6c14\u98ce\u53d1\u5730\u5ba3\u5e03\u5f53\u5929\u662f\u7f8e\u56fd\u7684\u201c\u89e3\u653e\u65e5\u201d\uff0c\u8bf4\u591a\u5e74\u6765\u5176\u4ed6\u56fd\u5bb6\u901a\u8fc7\u8d38\u6613\u63a0\u593a\u7f8e\u56fd\uff0c\u5f53\u5929\u662f\u7f8e\u56fd\u4ee5\u5bf9\u7b49\u5173\u7a0e(reciprocal 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