Nancai quick comment: Under the current international situation, my country should be more active to the international market

Author: Chen Dingding, Dean of Haiguo Tuzhi Research Institute, professor at the School of International Relations of Jinan University, Deputy Dean of the 21st Century Silk Road Research Institute

Recently, according to relevant news, the Bayeng government will announce tariff exemption to some products exported to the United States from China in the near future. This may be the first time since the Bayeng government came to power. Tariffs or similar measures. This tariff exemption measure from the United States will be a few positive signals, but the limitedness of this signal itself will also remind us to be fully prepared for the uncertain state of the future global economic system.

In fact, when the Bayeng government, a few months ago through media news and officials stated that the signal of tariff exemptions for China, it already meant that the United States lost in this several years of trade in China. Since the Trump period, the United States has continuously levied high tariffs on China with different reasons such as Sino -US trade, the structure is not good for the United States, and the lack of Chinese products in China. In recent years, it has increasingly proved that it is not good for the United States itself, and China has not "changed trade" because of the US measures. The trade war has not changed the structure of Sino -US trade deficit and the mutual dependence of trade on both parties. Data show that the US commodity trade deficit in 2021 increased by 18.3%to reach a record 1.1 trillion US dollars, while China is still the largest single trade deficit country in the United States. Although this deficit level is lower than the highest record in 2018, it has increased 14.5%over 2020. At the same time, the trade war did not "let China bear the price". A research report released by the rating agency Moody's in 2021 shows that about 93%of the tariff costs in the Sino -US trade war are borne by the United States themselves, and the national retail industry Matthew R. Shay, chairman of the Federation (NRF), also pointed out that since the effectiveness of tariffs on China and Canada has received nearly $ 136.5 billion from the US Importer (CBP) since 2018, the US Customs and Border Protection (CBP) has received nearly $ 136.5 billion, and It also increases the cost of American consumers significantly. The so -called "punishment of China" eventually became punished by the United States.

As a result, the Bayeng government continued to operate high in the United States, and the industry continued to ask for the huge pressure of tariff reduction, and finally acknowledged the possibility of implementing some of the options. In fact, the measures that the Biden government considers this consideration is still the main maintenance. It is a response to domestic society's dissatisfaction with the current high prices and the pressure of elections in the middle of the year. According to a study by the Washington Institute of International Economics (PIIE) of Washington Think Tank, if the Bayeng government does take a series of measures to reduce or cancel various additional tariffs currently levied, the US Consumer Price Index (CPI) can ultimately make the US Consumer Price Index A decrease of 1.3%, industry people are constantly proposing to reduce and cancel high tariffs on China to alleviate the benefits of high inflation. This has promoted Biden to actively consider to reduce measures through some tariffs, trying to prove to the public that the White House is dealing with inflation.

However, it is reported that the so -called "tariff exemption" is still not a comprehensive tariff reduction of China, which means that the Biden government is still hesitant on the issue of tariffs on China, and it is very unwilling to be interpreted as "weakness to China" by the outside world. In the current political atmosphere of Washington, even if there is a slightly mild policy adjustment to China, it will be strongly questioned by the Republican Party and even the Democratic Party. The tariff issues are naturally no exception. Therefore, this current move is only aimed at the political movements taken by domestic problems in the United States. Biden and the Democratic Party have no plans to make significant concessions in China on trade issues, and even a batch of tough officials led by trade representative Katherine Tai, which is also mainly promoted to China ’s economic and trade issues. Strict review. In this way, the so -called tariff exemption today is just the "end" of Bayeng's policies of the previous government, not the fundamental transformation of the China policy.

In the face of the "difficult" consideration of the United States to consider adjusting some tariff policies to China, my country should continue to focus on promoting the development of the world economy, build a more stable economic and trade connection with countries, and gradually expand the expansion of other economic markets outside the United States. At present, the trade between my country and the countries and regions along the “Belt and Road” is in a rapid growth stage. Data show that from 2015 to 2021, the total amount of goods trade in countries and regions along the “Belt and Road” countries and regions of China It reached 1.8 trillion US dollars, accounting for about 29.7%of the country's total. my country's cooperation in the fields of investment, infrastructure construction, new energy development, and poverty reduction is also deepening. my country has also become more and more connected to economies including ASEAN, Japan, and South Korea. The regional comprehensive economic partnership agreement (RCEP) that will officially take effect this year will greatly promote economic connection in the Asia -Pacific region.

When the United States is still trapped in its domestic policy struggle, my country should be more actively moving towards the international market. When the global economy currently faces multiple challenges, it has strongly supports global economic and trade interoperability and coordinated development. "Oppose" thinking.

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