国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Global EditionASIA 中文雙語Fran?ais
Opinion
Home / Opinion / Editorials

Washington waging long-term trade attack: China Daily editorial

chinadaily.com.cn | Updated: 2023-05-29 20:11
Share
Share - WeChat

Were it not for US Deputy Trade Representative Sarah Bianchi's interview with Reuters after the "Indo-Pacific" Economic Framework for Prosperity talks wrapped up in Detroit, Michigan, on Saturday, the statutory four-year review of the previous Donald Trump administration's initial tariff actions and their subsequent modifications by the Joe Biden administration might have passed under the public radar.

That to some extent shows that the US society, including the parties suffering from the tariffs, have given up hope of any suspension of the tariffs, particularly as the inflation in the United States that prompted the Biden administration to consider adjusting the tariffs last year has now eased.

Bianchi's remarks on the Office of the US Trade Representative's review of whether to keep the tariffs on Chinese goods in place reinforced that judgment. "We are conducting the review from an analytical perspective. We're not base-casing any breakthrough in the trade relationship. We're not assuming that that will happen."

Moreover, the deputy trade representative, who oversees trade engagement with Asia, added that the USTR is continuing to study industry and stakeholder comments on the duties and consulting with the US Commerce Department, the Treasury and other agencies to determine which categories make strategic sense, hinting that more imports from China might be added to the tariffs.

The tariffs on thousands of imports from China, valued at around $370 billion at the time, were imposed by the Trump administration in 2018 and 2019 as a bargaining chip for its trade talks with Beijing.

After passing the inflation pressure test — with much of the cost of the tariffs having been passed on to US consumers and businesses — and with no intention of mending ties with Beijing, the Biden administration sees no reason not to keep the tariffs in place. With its blacklist sanctions precisely targeting China's high-tech sectors, the tariffs are being used to hurt China's lower-end manufacturing industries.

Bianchi's remarks came just two days after Chinese Commerce Minister Wang Wentao raised objections against the tariffs as an issue of concern during a meeting with US Trade Representative Katherine Tai in Detroit on the sidelines of an Asia-Pacific Economic Cooperation trade meeting on Thursday, the first Cabinet-level exchanges between Washington and Beijing in months.

Considering that the duties are viewed by the Biden administration as "significant leverage" over China and that Congress has delegated much of its tariff authority to the president, so as to avoid censure by a few vocal industries, the so-called importance and necessity of maintaining such "conversations" between the two sides highlighted by Bianchi in her interview is questionable for Beijing.

Most Viewed in 24 Hours
Top
BACK TO THE TOP
English
Copyright 1994 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
乐陵市| 麻阳| 威宁| 白城市| 六安市| 尚志市| 泊头市| 扶风县| 稻城县| 彭泽县| 新乐市| 南充市| 宣城市| 油尖旺区| 长武县| 扶绥县| 潜山县| 元朗区| 乐业县| 抚顺县| 富源县| 江都市| 延川县| 溧水县| 凤翔县| 逊克县| 民乐县| 洞头县| 平塘县| 大城县| 东源县| 微博| 长乐市| 永胜县| 伊金霍洛旗| 南陵县| 永川市| 新晃| 泰州市| 璧山县| 青海省|