On April 2nd, the State Council Customs Tariff Commission issued a notice to suspend tariff reduction obligations on some imported goods originating in the United States. This is China's latest measure against US trade protection against China. In response to the question of whether China ’s countermeasures meant a retrogression in its attitude towards economic globalization, experts pointed out that the United States launched a “trade war” against China, which seriously violated China ’s legitimate interests first, and China levied tariffs on the United States and Canada later. China's relevant measures are passive "justifiable defenses" aimed at "stopping war with war" and maintaining the overall situation of economic globalization. From the perspective of practice, China's achievements in opening to the outside world are obvious to all, and the pace of opening to the outside world will not stop.
China resolutely resists
According to the latest arrangements, China's countermeasures against the United States mainly have two aspects: one is to suspend tariff reduction obligations on 120 imported goods such as fruits and products originating in the United States, and to impose additional tariffs on the basis of the current applicable tariff rates; The tariff rate is 15%; the second is to suspend tariff reduction obligations on 8 imported goods such as pork and products originating in the United States, and to levy additional tariffs on the basis of the current applicable tariff rates, with an additional tariff rate of 25%.
Gao Feng, a spokesman for the Ministry of Commerce, said that the abuse of the World Trade Organization's (WTO) "security exception" provisions has seriously violated the principle of non-discrimination as the cornerstone of the multilateral trading system, and seriously violated China's interests. China's suspension of part of its obligations to the United States is China's legitimate right as a member of the WTO. It is hoped that the United States will promptly revoke measures that violate WTO rules, so that the trade in related products between China and the United States will return to the normal track.
Foreign Ministry spokesman Lu Kan pointed out that China does not want to fight a trade war, and if it is forced to become involved in a trade war, China has the confidence and confidence to safeguard its own interests. China hopes that US policy makers listen carefully to the wide-ranging voices of American consumers and related industries. There is no need to hit the South Wall before turning back.
Compared to the United States, China's trade performance has always been beyond reproach. Data show that in fulfilling its commitment to reduce tariffs, China's total tariff level has dropped from 15.3% at the time of accession to 9.8%, fulfilling its commitments to all WTO members and meeting and exceeding WTO requirements for developing members. If we consider the trade structure, China ’s actual trade-weighted average tax rate is only 4.4%, which is very close to the developed members (2.4% in the United States, 3% in the European Union, and 4% in Australia).
Unpopular trade protection
There has been opposition in the United States and abroad to the Trump administration's counter-introduction to the "trade war."
The United States Information Technology Innovation Foundation warned in a report that if the Trump administration imposes a 25% tariff on information and communications technology products imported from China, it will cause the US economy to lose about $ 332 billion in the next 10 years. The burden of high tariffs will eventually be passed on to American businesses and consumers. Columbia University and Nobel Prize-winning Joseph Stiglitz point out that if the US and Chinese governments upgrade trade punishment measures, the US economy will feel "pain" and may have political impact on President Trump To crack down on voters who support Trump.