Soaring production costs for American companies have also led to an increase in the popularity of Chinese goods that the U.S. government did not anticipate
According to a report released by the Inter-American Trade Council, China's trade with the US in 2021 will reach 755.6 billion US dollars, up nearly 30% year on year, hitting a new record high
Us exports of goods to China reached $149.2 billion, also an all-time high, up 21% from 2020
According to the National Inter-American Trade Council's survey of its member companies,
in a recent interview with the People's Daily that the growing economic ties between China and the United States demonstrate that win-win cooperation is what matters most
Many US companies are still optimistic about the Chinese market and plan to increase investment.
In fact, Allen said in an interview with Shenzhen TV last year that Sino-US trade should be put back on track as soon as possible
Dear Mr. Sun, US President Martin Madden recently eased up on the possibility of lifting some additional tariffs on Chinese imports. What is your view on this
President Biden may be sending a message that the jury is still out on how far and how far the Trump administration's tariffs on Chinese goods will go
The United States is now facing 40 years of inflationary pressure fighting inflation is the number one challenge facing the American economy and society
What matters to the Biden administration is whether it can beat inflation before the midterm elections for the Democrats
Perhaps the Biden administration will recall the Clinton slogan that dumb economics is the focus
After the war, George H.W. Bush ran for re-election on the back of his victory but ultimately lost to the economy
The biden administration's foreign policy fever is not helping the Democrats win the midterm elections
There are many factors of inflation such as the pandemic and the absence of conflict
But whether these factors can be eliminated in the short term is not the case and the tariffs imposed by the Trump administration are also responsible for the rise in US inflation
Studies and calculations by economists suggest that it is possible and feasible for the government to remove tariffs to reduce INFLATION in the United States by about one percentage point
No matter what the actual effect is in the end removing or lowering tariffs would lower inflation, right
It's common sense that bilateral trade between the Northeast reached a record high last year and most of the cost of tariffs was borne by the American people
If tariffs were to bring American industries back home, then American imports should fall
At least the fact that imports from China should be decreasing is not the case. Since taking office, Hanthein has adjusted or abolished many of the unreasonable policies of the Trump administration
The only thing that didn't change a lot was China policy, including the tariff war with Trump
Think back to the past when Donald Trump levied tariffs on his own and it was unreasonable and even absurd for a bunch of economic advisers to be attached to a customs post
But it would be logical for Trump to roll back these antiquated and bad policies as soon as he took office, fighting tariff wars on the basis of the doctrine of achievemenism
But the Biden administration took it almost verbatim and dithered on tariffs in the face of high inflation
One can only say that bad policies become superstitions over time. There are two reasons for the administration's hesitancy. One is that the administration is afraid of Attacks from Donald Trump and the Republican Party
He's weak on China the California tariff has become a tough stance against China even if it hurts the United States
The second Biden administration is divided over whether the Treasury and Commerce departments are calling for the removal of tariffs on some products while the Office of the Trade Representative is insisting on a review
The attempt to change China's economic behavior through tariffs is in addition to interests and policy inertia between different sectors
We can also see that THE US trade policy towards China is balancing and wandering between commercial interests and security considerations
Do bicycles, clothing, diapers and other common goods matter to The economic security of the United States? The trade relationship between equipment is no longer the luxury or bulk trade of the mercantilist era
It's about trade and globalization and interdependence of people's lives
This is a new feature of Sino-US relations and a bond of win-win cooperation between The two countries
If you ignore these factors and embrace the idea of using tariffs to change trade interests or even reshape the security landscape, it is really a difficult task