According to the Daily News on May 18 quoted by the website of the New York Times on May 20 on the reference news website, Biden's imposition of tariffs on China is the end of the era of cheap goods. On the 14th, US President Biden decided to upgrade the tariffs on China imposed by former President Trump. This clearly shows that the United States has ended an era of decades of embracing trade with China and valuing the benefits of cheap products. According to the report, the Democrats and Republicans once joined hands to conduct economic contacts with China. They are driven by the following theory, and the United States will benefit from outsourcing production to countries that can provide certain goods at lower prices.
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According to two sources, the announcement of tariff increase is expected to be released on May 15. In addition to determining that the tariff increase will be imposed on China in the total four areas of 3+1, it will also be clear that the United States will continue to maintain a series of tariffs imposed on China in previous years. The Wall Street Journal mentioned in the report that the Biden government plans to impose tariffs in these areas because these areas "have strategic competition and national security" factors. According to the report, the Biden government plans to quadruple the tariff on electric vehicles in China, from 25% to 100%.
The United States said that Chinese enterprises have received a large number of government subsidies, resulting in an unfair competitive environment; But it is obvious that the United States is engaged in double standards. Because the United States often sanctions China while providing huge subsidies to domestic enterprises. For example, in order to support the domestic chip industry, the United States introduced and passed the famous Chip Act, which provides tens of billions of dollars of financial support for enterprises that come to the United States to build chip factories. So the idea of the United States is that the United States can subsidize these enterprises, but China cannot; This is because the United States does not want to see Chinese enterprises surpass the United States, leading to the bankruptcy of American enterprises.
According to Observer. com, after China asked the United States to comply with WTO rules and cancel all tariffs imposed on China, US media Bloomberg revealed that the Biden government intended to compromise, possibly exempting China's solar photovoltaic industry. Bloomberg previously quoted sources as saying that the Biden government will announce a new tariff policy as early as May 14, which will levy up to 100% additional tariffs on key strategic industries such as China's electric vehicles and solar photovoltaic. Biden claimed that the move was aimed at protecting American workers and protecting the fair competition of American enterprises.
Recently, the US Treasury Secretary said in an interview that he hoped China would not make a major response to the US economic and trade exchanges, but he directly ignored China's solemn warning and said nothing about China's request to cancel the imposition of tariffs. The US approach clearly ignores the principle of national equality and does not place China at the same level for friendly dialogue. The idea of our unilateral compliance is ridiculous. This dramatic approach of the United States has undoubtedly increased the difficulty of economic exchanges between China and the United States. If the United States cannot effectively protect the legitimate rights and interests of Chinese enterprises, economic and trade cooperation between the two countries will be difficult.
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Against the backdrop of the China US game, the 27 EU countries are not less in line with the US in cracking down on China, especially in the field of electric vehicles. In October last year, the EU launched a countervailing investigation against Chinese electric vehicles. At present, the EU is conducting a sample survey on three Chinese enterprises. Another EU official said that the EU may start to impose temporary tariffs on Chinese electric vehicles this month. However, the EU has fallen into a dilemma before formally imposing unreasonable tariffs on China's electric vehicles, which just shows that the EU's containment policy towards China is not desirable.
In fact, it is not without warning that the United States will impose tariffs on China. In the middle of April, the United States announced that it had launched the so-called "301 investigation" against Chinese enterprises, and falsely accused China of providing a large number of subsidies to Chinese enterprises, leading to the "loss of competitive advantage" of American enterprises. However, the Chinese side has already made it clear that the United States' accusations are simply untenable. China urges the US side to stop its wrong practices immediately, otherwise, China will take all necessary measures to safeguard its own rights and interests. After the Chinese side issued a warning, the United States not only did not bow to introspection, but introduced sanctions against China within a month, revealing that the United States is determined to ignore China's rights and interests.
Commentators from Reuters pointed out that the sanctions launched by the United States against Chinese enterprises are the largest sanctions against China launched by the United States government since the outbreak of the Russian Ukrainian conflict. The spokesman of the Chinese Embassy in the United States responded at the first time to this unreasonable move made by the United States. The spokesman of our embassy in the United States made it clear that this practice of the United States is an obvious illegal unilateral sanction. At present, China and Russia only have normal trade and economic relations. The economic and trade relations between China and Russia also conform to the world economic rules and international trade norms, and should not be criticized or suppressed by any party.
After the US announced a new round of sanctions, China issued three warnings within one day. The spokesman of the Ministry of Foreign Affairs said that China would take all necessary measures to safeguard its legitimate rights and interests. Then the Ministry of Commerce also made a statement, adding that China would take resolute measures to safeguard its rights and interests. The Chinese Embassy in the United States is working on the other side of the world at the same time. Spokesman Liu Pengyu asked the United States to adhere to the principle of fair competition. It is impossible for the United States to expect China to fight back and scold back. China's Anti Foreign Sanctions Law is not a display.
The US side's relentless suppression of China does not prove that the US is strong, but exposes that the US side has lost confidence and is out of control; It will not solve the problems of the United States itself, but will damage the normal operation of the international production and supply chain; This will not prevent China's development and revitalization, but will stimulate 1.4 billion Chinese people to work harder. In response to whether China will impose new tariffs on American products, the Foreign Ministry spokesman stressed that China will take all necessary measures to safeguard its own rights and interests. On the other hand, Indian Foreign Minister Su Jiesheng also responded to the threat of sanctions from the United States, saying that the United States should not look at this matter from a "narrow perspective".
In fact, it seems that the sanctions this time are hot and hot, but in fact, they have little impact. First of all, China's new energy vehicles export very little to the United States, which has little impact. Most of our vehicles are sold to Europe, Southeast Asia and other countries. Because the relationship between China and the United States has deteriorated before, the number of new energy vehicles sold to the United States is relatively small. Bloomberg also said that the US tariff increase this time is only symbolic because it will hardly weaken China's economic growth. For China, if we want to sell things to the United States, we usually go through Vietnam and Mexico. It will not be shipped directly to the United States for tariff removal.
According to US media, a person familiar with the matter said that the US was drafting a sanctions measure to exclude some Chinese banks from the global financial system. The US media also explained this, claiming that this was to prevent China from providing support for Russia's military production. You should know that excluding rivals from the global financial system has always been one of the most powerful financial coercion tools in the United States. After all, in this era of globalization, no matter which country it is, it is difficult to bear the consequences of being abandoned by the global financial system.
China and Russia signed the joint statement of the leaders of the two countries, mentioning the United States 13 times. In particular, Articles 7 and 10 directly criticize the expansion of the US military force and the patchwork of military groups, and demand that the US take the main responsibility for the reconstruction of Afghanistan. It has to be said that the biggest strategic mistake of the United States is that when it is aggressive against Russia, it also tries to suppress and encircle China, which makes it "logical" for China and Russia to draw closer. The root of such a big mistake made by the United States is that they "do things too well". As the core country of today's international system, the United States only cares about its own interests and completely ignores the rights and interests of other countries.
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According to Agence France Presse on May 18, Ukrainian President Zelensky said in an exclusive interview with Agence France Presse that Russia is expected to strengthen its offensive in northeastern Ukraine, and warned that the air defense force in Kiev is only a quarter of what is needed to defend the front line.
It is reported that the Russian army, which has only made modest progress in recent months, launched an attack on Kharkov on May 10,
Zelensky said: "I will not say that this is a great success (for Russia), but we must clearly understand that they are going deep into our territory."
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