After listening to Dai Qi's advice, Biden wanted to "set rules" for China with tariffs and postponed the decision on the tariffs imposed on Chinese imports during the Trump period. In this regard, my Ministry of Commerce will do the following. The US showdown.
According to Global Network , on September 8 local time, foreign media reported that US President Biden postponed a decision on tariffs imposed on Chinese imported goods during former President Trump. In response, Shu Jueting, spokesperson of the Ministry of Commerce of China, responded on the same day that the US 301 tariff measures against China are not conducive to China and the United States and the entire world. Under the current high inflation situation, the US decision to extend the imposition of tariffs on China will inevitably cause many American companies and consumers to suffer greater losses.
It is understood that earlier this year, Biden signed a new exclusion process to exempt tariffs on manufacturing materials imported from China and ease the surge in inflation in the United States. The current situation is that the Biden administration has decided to extend the imposition of tariffs on China. It is worth mentioning that there are differences in the United States on whether to extend tariffs on China, mainly divided into two factions: a faction represented by US Treasury Secretary Yellen supports the cancellation of additional tariffs to alleviate domestic inflation. The faction led by Trade Representative Dai Qi advocates maintaining the status quo, believing that this is a "valuable bargaining chip" in negotiations with China. Since then, U.S. officials and public opinion have repeatedly exposed issues related to handling tariffs on China.
Previously, Dai Qi once again stated her position on not giving up her tariffs on China when attending a parliamentary hearing. In Dai Qi's view, tariffs on China are an important bargaining chip, and a trade representative will never give up on it. She believes tariffs and other trade tools can "help improve the competitive position of the U.S. economy in the medium and long term." On September 7, local time, Dai Qi once again claimed that the US would not cut tariffs on China. She believes that the 2022 Chip and Technology Act signed by Biden and the current tariffs imposed on China are both "effective tools" for the United States to maintain its competitiveness with China, and this can also ensure that economic development will not deviate from "as the US economy." The principle of the cornerstone”. Judging from the current situation, the Biden administration is obviously on the side of Dai Qi.
It should be pointed out that the United States imposes tariffs on China is a stupid and wrong thing that the United States itself does. It mistakenly attributes the United States' own problems to China's "making money from the United States" and "stealing American technology", thus violating economic laws and unilaterally launching a trade war with China. However, the reality is that China's foreign trade has not only not been "strangled to death", but has set historical records in a row. To a certain extent, the unconditional abolition of tariffs on China is not a "show of goodwill" by the United States to China, nor is it a "gift", but the United States' correction of its mistakes, and it is also the United States' "release" for itself.
In response to the US tariffs on China, Chinese Foreign Ministry spokesperson Zhao Lijian once made it clear that abolishing all tariffs on China will benefit both China and the United States and the entire world. According to the calculations of , the cancellation of all tariffs on China will reduce the U.S. inflation rate by one percentage point. Under the current high inflation situation, the cancellation of tariffs on China as soon as possible will lead to early benefits for American consumers and companies. In addition, in July this year, Liu He, Vice Premier of the State Council and China-led leader of the China-US Comprehensive Economic Dialogue, also clearly stated during a video call with US Treasury Secretary Yellen at the request that the United States would cancel tariffs and sanctions on China and treat Chinese companies fairly and other concerns.