U.S. media: Tariffs imposed on China, Americans paid 920 billion

The US "Diplomatian" July 13th article, the original title: Is the deduction and exemption of tariffs help in the United States and China relations? Sub -question: Too little and too late, the US -China trade friction will have been reported for a long time. The Bayeng government will soon announce the exemption of some products exported to China to the United States (exempted) tariffs. This will be a rare positive signal, but it is limited. This should also be reminded to prepare for the future uncertainty of the global economic system.

American White House data map. Picture source: IC Photo

In fact, the previously released relevant information of the Biden government is to default the United States to lose its long -term trade war with China. More and more evidence shows that the trade war is not good for the United States itself. China has not changed its trade because of US measures. The trade war has not changed the structural facts of the existence of huge trade deficit and interoperability in trade. At the same time, the trade war did not "cause (larger) costs to China." Moody's research shows that more than 90%of the tariff costs in the US -China trade war are borne by the United States. Matthew Sheei, chairman of the National Retail Federation, said that since the tariffs took effect in 2018, the US Customs and Border Protection has charged US importers of nearly $ 136.5 billion (about 920 billion yuan -editor's note). This is also. Greatly increase the burden on American consumers. The United States attempts to punish China, but as a result, it is punished.

Therefore, in the current high inflation, commercial interest groups have continuously demanded that the Bayeng government re -considered (to China) tariffs. According to reports, the Bayeng government believes that the cancellation of some tariffs is mainly to respond to the dissatisfaction of high prices in the United States, especially the pressure of the mid -year elections at the end of the year. Industry representatives have also emphasized the benefits of reducing or canceling the high tariffs on China. These factors have prompted Biden to consider cutting some tariffs in order to show that the White House attaches importance to solving domestic inflation problems.

However, the "tariff exemption" is not a comprehensive tariff reduction on China, which indicates that the Bayeng government is still hesitant, for fear of being interpreted as "showing weakness to China." In the current political environment, Washington may be strongly questioned even in moderate changes in Chinese policies. It is best to be interpreted as political actions against domestic issues. The White House did not intend to make a big concession on China on trade issues. On the contrary, a group of a group of US trade representative Dai Qi is promoting a greater review of economic and trade issues with China. Therefore, if tariff exemption becomes a formal policy, it does not mean a fundamental change in attitude towards China.

Facing the complex calculations of the United States, China should continue to promote the development of the world's economic development, establish more stable economic and trade relations with other countries, and gradually expand its business in other economic markets. The trade with countries along the “Belt and Road” is in the stage of rapid growth, and cooperation with countries along the route in investment, infrastructure, new energy development, poverty alleviation and other aspects have also been deepened. "Regional Comprehensive Economic Partnership" will greatly promote economic connection in the Asia -Pacific region. As the United States is busy with domestic policy struggle and refuses to cooperate more with Beijing, China should actively expand the international market. When the global economy is facing multiple challenges, China should strongly support the global economic development and coordinated trade and communication, and respond to Washington's confrontation theory with a more proactive attitude. (Author zhu xinrong, dingding Chen, translated by Qiao Heng)

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