International Criticism: China resolutely responds to irrational pressure with reason in trade negotiations

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 International Criticism: China resolutely responds to irrational pressure with reason in trade negotiations


This is a necessary counter-measure that China has to take in order to deal with the unilateralism and trade protectionism of the United States. Only two hours after the news, White House trade adviser Navarro said that the scale of Chinese countertariff is not a concern for the stock market, but the three major U.S. stock indexes fell in response, which just shows the markets concern about the escalation of Sino-U.S. economic and trade frictions. In a hurry, some Americans threatened to escalate tariff revenge, with a maximum tax rate of 30%. This irrational statement shows that it was caught off guard against Chinas resolute counter-measures and attempted to exert pressure on Chinas limit by continuing to play horizontal.

Some people on the US side wield tariff sticks and arbitrarily carry out trade bullying for their own selfishness, but they are not allowed to legitimately safeguard their own interests in accordance with international rules. I can pressure you vividly, but you cant resist me. This logic is absurd and extremely arbitrary.

Nowadays, the world is no longer a jungle society where the jungle is predatory and slaughtered. China will never develop itself at the expense of the interests of other countries, but will never give up its legitimate rights and interests. Any extreme pressure is of no use to China. Chinas counter-measures will do what it says and resolutely safeguard the core interests of the country and the fundamental interests of the people.

Based on this, Chinas counter-measures are precise and rational. For example, China is the largest overseas soybean market in the United States. In 2017, 57% of U.S. soybean exports were exported to China. However, due to the multiple rounds of tariffs imposed by the United States and Chinese counter-measures, the proportion of U.S. soybean exports to China dropped sharply to 17.9% of its total exports in 2018. The U.S. Department of Agriculture estimates that U.S. soybean stocks will reach an all-time high in the sales year ending August 31. By imposing tariffs again this time, US soybeans will lose the price advantage of entering the Chinese market.

In addition, U.S. crude oil was included in Chinas countervailing list for the first time. Since this year, the proportion of U.S. crude oil exports to China has dropped from 11% last year to 2.6%. After being imposed tariffs, U.S. crude oil will lose its competitive advantage in Chinas market and hurt the interests of U.S. oil companies.

As some of the Americans deviated from the consensus of the Argentine meeting of the US heads of state, China had to resume imposing tariffs on American automobiles and spare parts. As the worlds largest automobile market, China has dramatically reduced import tariffs on automotive parts and components since July 1, 2018, but American automobile and parts manufacturers have not received such benefits, instead they have become victims of multiple rounds of tariff increases imposed by the United States. According to statistics, the number of light vehicles exported by the United States to China (including passenger cars and light trucks) dropped by 37.5% last year alone. The tariff will undoubtedly have a more serious impact on American auto companies.

There are no winners in the trade war. In implementing counter-measures, the Chinese side, taking into account both internal and external factors, fully considers the welfare of the domestic people and the affordability of enterprises, excludes some imported medicines and medical devices from the United States, which are related to the health of the people, from the list of additional tariffs, and will continue to carry out the elimination of tariff commodities imposed on the United States and Canada. This fully demonstrates that Chinas counter-measures are rational and restrained, and try its best to reduce the impact of Counter-measures on the people and enterprises.

(function () {(window. slotbydup = window. slotbydup | []). push ({id:6374560, container:ssp_6374560, size:300,250, display:inlay-fix, async: true}); by contrast, some Americans not only threaten to continue tariff escalation, but also order American enterprises in China to withdraw immediately, which is irrational and almost insane. Recently, many indicators, such as the abnormal inversion of the 10-year Treasury bond and the 2-year Treasury bond yield, the first fall of the Manufacturing Purchasing Managers Index (PMI) in August over the past 10 years, show that the economic development of the United States is becoming increasingly evident. In this context, if the US side persists in escalating the trade war, it will not only seriously damage the interests of the US nation and the American people, but also seriously damage the multilateral trading system and the free trade economy. Mark Zandi, chief economist of Moodys, warned that American business was on the verge of recession and that if the US government continued to put pressure on China, it would be unbearable for business to fall off the verge. According to current economic indicators, he expects the U.S. economy to have a 45% chance of entering a recession in the next 12 months. Whatever the next move of some Americans, China will respond rationally and resolutely. For trade wars, China has long said that it is unwilling to fight, not afraid to fight, and has to fight when necessary. The implementation of precise counter-measures shows that Chinas attitude has not changed. China is willing to take a cooperative approach to resolve the economic and trade differences between China and the United States, but it will never give in to major issues of principle and resolutely adhere to tariff pressure to the end. The United States will no longer have any misjudgments about this! Source of this article: International Online Responsibility Editor: Wang Ning_NB12468

In contrast, some Americans not only threatened to continue to upgrade tariffs, but also ordered American enterprises in China to withdraw from China immediately, which is irrational and almost crazy. Recently, many indicators, such as the abnormal inversion of the 10-year Treasury bond and the 2-year Treasury bond yield, the first fall of the Manufacturing Purchasing Managers Index (PMI) in August over the past 10 years, show that the economic development of the United States is becoming increasingly evident. In this context, if the US side persists in escalating the trade war, it will not only seriously damage the interests of the US nation and the American people, but also seriously damage the multilateral trading system and the free trade economy. Mark Zandi, chief economist of Moodys, warned that American business was on the verge of recession and that if the US government continued to put pressure on China, it would be unbearable for business to fall off the verge. According to current economic indicators, he expects the U.S. economy to have a 45% chance of entering a recession in the next 12 months.

Whatever the next move of some Americans, China will respond rationally and resolutely. For trade wars, China has long said that it is unwilling to fight, not afraid to fight, and has to fight when necessary. The implementation of precise counter-measures shows that Chinas attitude has not changed. China is willing to take a cooperative approach to resolve the Sino-US economic and trade differences, but it will never give in on major principles and resolutely adhere to tariff pressure to the end. The United States should not make any misjudgments about this.