The U.S. Trade Office announced the new tariff list for Chinese products on the morning of the 4th. It involves about 1,300 independent tariff items and is worth about $ 50 billion, covering aerospace, information and communications technology, robotics and machinery industries. . The US is clearly aiming at China's high-tech field. This is a typical example of killing two birds with one stone that not only inhibits China's exports to the US, but also cracks down on China's development of high-tech industries.
The Chinese side has responded immediately. Statements from the Ministry of Commerce and the Ministry of Foreign Affairs were issued before Beijing's state authorities began work on Wednesday morning. While condemning the U.S. approach, China has no doubt stated that it will introduce equivalent measures and equal scale measures against the U.S. taxation proposal list.
Beijing issued a US $ 3 billion retaliatory measure against the U.S.'s increase in steel and aluminum tariffs, which took effect on the 2nd. The friction caused by steel and aluminum tariffs can only be regarded as the outpost of the Sino-US trade war. The actual tax drum and gun smoke are the United States' tax list that was drawn today according to the 301 survey and China's immediate counterattack statement. The United States claims that this list is just a "recommendation" for tariff increases. It will have a 60-day publicity period and the final tax item will be determined after 60 days. The US side is equivalent to engaging in a "front parade", showing off its weapons, and trying to humiliate without fighting. However, China cannot eat it. It is difficult to shake the mountains and shake China to adopt equal measures of equal strength and scale.
The first American war wanted to impact the "Made in China 2025" plan, reflecting the frivolous idea that some American elites wanted to "beat back China to the last century." However, China's aerospace has strong independent research and development capabilities. Communication technology has taken the lead in the United States in key areas such as 5G, and robotics is extremely competitive.
Washington's actions today will only remind the Chinese people that we must develop high technology. We cannot get a nail from the United States. Our independent and independent innovation spirit must be completely thorough. In addition, the Chinese market should be more inclined to local high-tech innovation companies. The potential threats to China's national security, such as US communications technology products, are much greater than the threats the US side feels from Chinese products.
Since the trade war has begun, and since the United States has resorted to fierce moves as soon as it comes up, the Chinese counterattack must also be accurate and fierce. Whatever the United States fears most, we will fight it.
We strongly recommend hitting US soybeans and corn first. Once agriculture is damaged, it will have a large impact in the United States and a strong political impact. The currently ruling Republican Party will especially pay a price. As the Sino-U.S. Trade war has tightened, soy farmers in the United States have become very nervous, even advertising on television at their own expense against Trump's trade war with China. The anxiety of American farmers will translate into political pressure on American rulers.
The second is to crack down on the American automobile manufacturing industry. American GM and other companies have already set up factories in China. China is still GM's largest overseas market. China should substantially increase import tariffs on U.S. vehicles and parts, prompting American manufacturers to shift more production to China, which will lead to domestic US Related production is further depressed. China has long been the world's largest auto sales market, and China has the leading role in influencing the global layout in this area.
China should also reduce its aircraft orders to Boeing and transfer some of them to European Airbus, which will also have a great impact on the United States.
China still has a lot of back hands. American companies' branches in China produce and sell more than 200 billion US dollars of products in China a year, and Chinese companies already have the ability to replace most of them. In addition, the US's service trade with China has grown rapidly, and there is huge room to reduce imports in this area.
Some American elites have been seriously misjudged that the Chinese economy is much more dependent on the US market than the US economy is dependent on the Chinese market, and they are pushing Washington to change its trade policy with China based on this vague impression. The reality is that the total size of the Chinese consumer market is already surpassing that of the United States, and the argument that "China is more dependent on the United States" is no longer logically tenable.
This trade war is at the same time the United States' "strangling war" against China's high-tech development and the "containment war" against China's rise. The United States is afraid that China is gradually developing its competitiveness in the high-tech field, but it is adopting isolationist measures instead of inspiring American companies to compete, but "protecting" them and helping them avoid war. The protection of intellectual property is an excuse. China's intellectual property protection is better than that of the United States. The conflict provoked by the United States will come under other excuses.
What China has to do now is to make the United States pay the same price, let the loss of real gold and silver touch American society, let the United States re-understand the strength relationship between China and the United States, and reflect on the attitude they should adopt when dealing with China in the future.