US pursuing two-tiered trade policy with China
2 years ago

US pursuing two-tiered trade policy with China

China Daily  

People walk on Times Square in New York, the United States, Nov 23, 2021. US Commerce Secretary Gina Raimondo on Wednesday acknowledged that the United States reaps huge benefits from trade with China and pledged not to decouple from it, with the exception of critical technology and other areas that Washington deems could "undermine" its national security. The four-component China strategy is in line with the "invest, align, compete" policy outlined by US Secretary of State Antony Blinken in May, and Raimondo added a fourth component: advocate trade and cooperation. Also on Wednesday, US Treasury Secretary Janet Yellen said that she expects there will continue to be "very strong" ties between China and the United States when it comes to "mutually beneficial" trade and investment. Gary Hufbauer, a senior fellow and trade expert at the Peterson Institute for International Economics in Washington, said the US commerce chief's China policy, taken together, represents a "mild charm offensive" by US officials — an attempt to limit decoupling to advanced technology goods and services.

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History of this topic

Chinadaily.com.cn
Trending News
4 days, 12 hours ago

Chinadaily.com.cn

China Daily  

Next US administration's policies will be determined by dollar-denominated markers on self-made scale of interests The US president-elect Donald Trump has made himself an enemy of the political establishment, and a maverick whose rules differ from the rest of the world, centered on challenging and changing all the existing systems, including those of the Western countries. More peculiarly, they seem …

Better Sino-US ties best option for Trump
5 days, 12 hours ago

Better Sino-US ties best option for Trump

China Daily  

US president-elect Donald Trump Donald Trump's victory in the US presidential election heralds the start of a new era in the United States. On the trade side, high tariffs are imposed on goods imported from China; on the technological side, there is export control on high-precision semiconductors and other hi-tech products; and on the investment side, US companies are forbidden …

China, US have much to learn from each other
Trending News
2 weeks, 4 days ago

China, US have much to learn from each other

China Daily  

JIN DING/CHINA DAILY One of the top priorities of Donald Trump after he takes oath as US president may not be what American people, in general, think. Though US Vice-President Kamala Harris criticized Trump's tariff threats during her failed presidency bid, the Biden-Harris administration retained tariffs Trump imposed on $370 billion worth of Chinese goods, while also slapping 100 percent …

China, US have much to learn from each other
Trending News
2 weeks, 4 days ago

China, US have much to learn from each other

China Daily  

JIN DING/CHINA DAILY One of the top priorities of Donald Trump after he takes oath as US president may not be what American people, in general, think. Though US Vice-President Kamala Harris criticized Trump's tariff threats during her failed presidency bid, the Biden-Harris administration retained tariffs Trump imposed on $370 billion worth of Chinese goods, while also slapping 100 percent …

China, US have much to learn from each other
2 weeks, 4 days ago

China, US have much to learn from each other

China Daily  

JIN DING/CHINA DAILY One of the top priorities of Donald Trump after he takes oath as US president may not be what American people, in general, think. Though US Vice-President Kamala Harris criticized Trump's tariff threats during her failed presidency bid, the Biden-Harris administration retained tariffs Trump imposed on $370 billion worth of Chinese goods, while also slapping 100 percent …

King’s gambit: What Trump’s threats of big tariffs on imports from China, Canada and Mexico tell us
3 weeks, 4 days ago

King’s gambit: What Trump’s threats of big tariffs on imports from China, Canada and Mexico tell us

Firstpost  

Trump has little respect for America’s vaunted exceptionalism and does not get the tenets of strategic altruism. Trump’s threat of piling tariff on Canada, Mexico and China – America’s three largest trade partners – and his promise of enacting the executive order on Day 1 of his return to office has sparked a tsunami of reactions. In each case, however, …

Spill-over of Trump’s anti-China trade stance
Trending News
1 month ago

Spill-over of Trump’s anti-China trade stance

Hindustan Times  

Trump’s trade war with China had a global impact, affecting and benefiting countries. US President Donald Trump The US-China trade conflict reflects the US’ protectionism from China’s inroads in its economy and the global economy, which it believes is detrimental to its local jobs, industries, industrial innovation, and national security. Thus, the tit-for-tat trade moves resulted in raising import tariffs …

Ripple effects of US policy on Chinese trade
1 month ago

Ripple effects of US policy on Chinese trade

Hindustan Times  

The United States ’s firm stance on Chinese products has become a cornerstone of its economic strategy, transcending party lines and administrations. As the world’s two largest economies clash, the consequences ripple through global markets, affecting supply chains, trade relationships, and economic growth worldwide. This bipartisan approach reflects a broader recalibration of the US's economic relationship with China, aiming to …

China is armed and ready for trade war 2.0 with Donald Trump
1 month ago

China is armed and ready for trade war 2.0 with Donald Trump

CNN  

Editor’s Note: Sign up for CNN’s Meanwhile in China newsletter which explores what you need to know about the country’s rise and how it impacts the world. That’s why, despite selling less to the United States, China’s share of global exports is now at 14%, up from 13% before the first Trump tariffs. At a press conference on Friday, Wang …

China is armed and ready for trade war 2.0 with Donald Trump
1 month ago

China is armed and ready for trade war 2.0 with Donald Trump

CNN  

Editor’s Note: Sign up for CNN’s Meanwhile in China newsletter which explores what you need to know about the country’s rise and how it impacts the world. That’s why, despite selling less to the United States, China’s share of global exports is now at 14%, up from 13% before the first Trump tariffs. At a press conference on Friday, Wang …

China reveals new 9-point plan to Trump-proof exports that may see up to 60% higher taxes
1 month ago

China reveals new 9-point plan to Trump-proof exports that may see up to 60% higher taxes

Firstpost  

Trump is set to take office in January, renewing fears of an intensified trade war that could further strain the already fraught relationship between China and the US China on Thursday unveiled new policies to support its export sector as it braces for potential tariff increases by US President-elect Donald Trump, who has threatened to raise duties on Chinese goods …

American companies are stocking up to get ahead of Trump’s China tariffs
1 month ago

American companies are stocking up to get ahead of Trump’s China tariffs

Live Mint  

By 9 p.m. on election night, it had become clear to Jason Junod that Donald Trump was returning to the White House. When Trump began his trade war against China in 2018, U.S. businesses scrambled to front-load imports before tariffs were implemented, according to an International Monetary Fund analysis. Though China’s share of U.S. imports has declined to roughly 14% …

What awaits Sino-US ties in Trump 2.0 era
1 month ago

What awaits Sino-US ties in Trump 2.0 era

China Daily  

Many might think that Donald Trump's victory in the 2024 United States presidential election will have a huge impact on US-China relations. First, the course of US-China relations was set on its current path from around the time the George W. Bush administration failed to secure a free trade area of the Americas, and its ideological basis began to take …

Xi-Biden meet: Tariffs to Taiwan, what ails US-China ties as Trump looms
1 month, 1 week ago

Xi-Biden meet: Tariffs to Taiwan, what ails US-China ties as Trump looms

Al Jazeera  

Trump’s presidency could see escalating trade wars. Relations between China and the US, the world’s most important superpowers, had nosedived during Trump’s first term as president, when he started a trade war with Beijing, using punishing tariff rates. Here’s a picture of how the US-China relations soured under Biden – and what to expect under Trump 2.0: Trade wars Trump, …

China coped with Trump’s first trade war. A second one will be tougher.
Trending News
1 month, 1 week ago

China coped with Trump’s first trade war. A second one will be tougher.

Live Mint  

SINGAPORE—The last thing Xi Jinping needs right now is another showdown with Donald Trump over trade. If the U.S. cuts back on some of the $430 billion in goods it imports from China each year, Chinese companies could try sending them to other countries, a strategy Beijing followed successfully after Trump first hit Chinese goods with tariffs in 2018. Some …

China anxious as Trump victory may intensify trade wars
Trending News
1 month, 2 weeks ago

China anxious as Trump victory may intensify trade wars

Firstpost  

China’s ambassador to the US, Xie Feng said that the differences between the two nations should be the driving force for exchanges and mutual learning rather than ‘an excuse for rejection and confrontation’, and that the successes of each were opportunities for the other There are no winners in tariff or trade wars, nor in wars over science and technology …

China open to enhancing Sino-US relations based on 'three principles'
1 month, 2 weeks ago

China open to enhancing Sino-US relations based on 'three principles'

China Daily  

Donald Trump's pledge during his campaign to end the Middle East and Ukraine crises in a short time became the focus of media reports and commentaries soon after he won the presidential election on Tuesday. But how Sino-US relations will develop during his second term as US president has been the common focus of a broader group of people, because …

Navigating the Complexities of Sino-US Relations: A Path to Stability and Prosperity
1 month, 2 weeks ago

Navigating the Complexities of Sino-US Relations: A Path to Stability and Prosperity

China Daily  

The article emphasizes the importance of fostering non-confrontational and manageable competition between China and the US to benefit the world. It argues that a less aggressive and consensual approach aligns with their security and interests. The writer highlights the differences in military capabilities and economic interdependence between the two countries, emphasizing the need for dialogue and compromise to address global …

Rebuilding Sino-US trust crucial for world
1 month, 2 weeks ago

Rebuilding Sino-US trust crucial for world

China Daily  

In recent years, rising tensions between China and the US have led to bleak predictions of bilateral relations and potentially dangerous global fragmentation. Before 2001, the year China joined the World Trade Organization, 80 percent of the world's countries traded more with the US than with China. Over the past decade, China has invested more than $1 trillion in infrastructure …

China's Trade War Strategy Hinged on Long-Term Consumption Revival
1 month, 3 weeks ago

China's Trade War Strategy Hinged on Long-Term Consumption Revival

Live Mint  

The article discusses the potential impact of rising protectionism and a deeper trade war with the US on China's economy. While some observers and politicians have accused China of trying to export its way out of the current economic woes, Weijian Shan, a prominent investor, believes that the trade war has not achieved the desired result of narrowing the US …

Reality is tariff hikes of no real benefit: China Daily editorial
3 months, 3 weeks ago

Reality is tariff hikes of no real benefit: China Daily editorial

China Daily  

Fully loaded container ships are seen at the port of Los Angeles, California, the United States, Oct 29, 2021. The increases were originally scheduled to be phased in from Aug 1, as the White House believes the imposition of tariffs under section 301 of the Trade Act "have been effective in encouraging China to take positive steps in addressing the …

Trump slams ‘manchurian’ Biden’s military policies as ‘insane’, claims China ‘killing US as a country'
5 months, 3 weeks ago

Trump slams ‘manchurian’ Biden’s military policies as ‘insane’, claims China ‘killing US as a country'

Hindustan Times  

Donald Trump accused China of “killing” the US and alleged that Joe Biden was bringing the America closer to a world war during the first debate ahead of November’s presidential election. “China is going to own us if you keep allowing them to do what they’re doing to us as a country,” Trump told Biden during a televised debate on …

The Seismic Shift in the US Trade Agenda
6 months ago

The Seismic Shift in the US Trade Agenda

The Diplomat  

The U.S. economic war against China has become entrenched still further as the Biden administration adds more tariffs to critical goods crossing its borders. While the White House has focused on highlighting China’s unfair trade practices of state subsidies and exporting overcapacity, the tariffs are ultimately designed to protect the nascent critical industries within the United States. While the White …

Rich countries unite against China ... sort of
6 months, 1 week ago

Rich countries unite against China ... sort of

Politico  

That comes after the U.S. has sought to apply maximum pressure on the Chinese in recent years, hitting Beijing with heavy tariffs and accusing it of unfair trade practices. “It’s just always going to be a struggle,” said one former administration official who worked on Biden’s trade agenda, granted anonymity to discuss the diplomatic dynamics. “So it is, in fact, …

Yellen says China’s trade policies could ‘interfere significantly’ with US bilateral relationship
6 months, 1 week ago

Yellen says China’s trade policies could ‘interfere significantly’ with US bilateral relationship

Associated Press  

WASHINGTON — Treasury Secretary Janet Yellen says Chinese “overconcentrated supply chains” pose a threat to U.S. jobs and recent investments meant to build up the U.S. green energy sector, and the Asian superpower’s pursuit of its trade policies “may interfere significantly with our efforts to build a healthy economic relationship.” In a prepared speech to Wall Street and business executives …

Biden’s tariffs: Alexander Hamilton would agree they are good.
6 months, 3 weeks ago

Biden’s tariffs: Alexander Hamilton would agree they are good.

Slate  

Earlier this month, Joe Biden announced a host of steep tariffs against electric vehicles, solar panels, semiconductors, and high-capacity batteries made in China. Progressive economist, Nobel laureate, and all-around swell guy Joseph Stiglitz called the Trump tariffs “a very dangerous precedent,” singling out Trump’s tariffs against Chinese solar panels as a “job destroyer” that would hurt the climate. Tariffs can …

Who benefits from US tariffs on Chinese imports? Experts weigh in
7 months, 1 week ago

Who benefits from US tariffs on Chinese imports? Experts weigh in

Al Jazeera  

While the tariffs are expected to have a negligible impact on the US economy, they are expected to boost President Biden. “These tariffs are very much on the margins, and the impacts on the economy will be a rounding error,” Bernard Yaros, lead US economist at Oxford Economics, told Al Jazeera. While the tariffs do not change much for the …

Biden continues Trump’s trade war; US imposes major tariffs on China imports
7 months, 1 week ago

Biden continues Trump’s trade war; US imposes major tariffs on China imports

Hindustan Times  

Washington: With the stated objective of protecting American workers and businesses from “unfair Chinese trade practices”, the US increased tariffs on the import of steel and aluminium, semiconductors, electric vehicles, battery, battery components and critical minerals, solar cells, ship to shore cranes and medical products from China on Tuesday. A factsheet released by the White House on Tuesday said that …

After harming TikTok, Biden's latest checkmate will impact China in billions as US sharply hikes tariffs – India TV
7 months, 1 week ago

After harming TikTok, Biden's latest checkmate will impact China in billions as US sharply hikes tariffs – India TV

India TV News  

US President Joe Biden on Tuesday unveiled a bundle of steep tariff increases on an array of Chinese imports including electric vehicles, computer chips and medical products, risking an election-year standoff with Beijing in a bid to woo voters who give his economic policies low marks. Biden will keep tariffs put in place by his Republican predecessor Donald Trump while …

Biden attacks Trump with new China tariff announcement
7 months, 1 week ago

Biden attacks Trump with new China tariff announcement

Politico  

Still, Biden’s trade action leaves in place the tariffs that Trump imposed on more than $300 billion worth of Chinese during 2018 and 2019, despite pleas from many business groups for tariff relief. And he bragged about using export controls and other measures so “the most advanced American technologies we develop or invent … can’t be used by the Chinese …

Blinken raises Chinese trade practices in meetings with officials in the financial hub of Shanghai
7 months, 4 weeks ago

Blinken raises Chinese trade practices in meetings with officials in the financial hub of Shanghai

Associated Press  

SHANGHAI — U.S. Secretary of State Antony Blinken raised what the U.S. describes as unfair Chinese trade practices during his first full day of meetings in China on Thursday with local government officials in the financial hub of Shanghai. Blinken met with the city’s top official, Communist Party Secretary Chen Jining, and “raised concerns about trade policies and non-market economic …

US top diplomat Blinken calls for ‘level playing field’ for firms in China
8 months ago

US top diplomat Blinken calls for ‘level playing field’ for firms in China

Al Jazeera  

US Secretary of State expresses concern over ‘trade policies and non-market economic practices’ on visit to Shanghai. Blinken raised concerns about China’s “trade policies and non-market economic practices” and expressed hope for a “level playing field for US workers and firms operating in China”, State Department spokesperson Matthew Miller said Chen, who welcomed Blinken partly in English, spoke of the …

US will push China to change a policy threatening American jobs, Treasury Secretary Yellen says
8 months, 2 weeks ago

US will push China to change a policy threatening American jobs, Treasury Secretary Yellen says

Associated Press  

BEIJING — The Biden administration will push China to change an industrial policy that poses a threat to U.S. jobs, Treasury Secretary Janet Yellen said Monday after wrapping up four days of talks with Chinese officials. “And when the global market is flooded by artificially cheap Chinese products, the viability of American and other foreign firms is put into question.” …

New US-China talks will address a top American complaint about Beijing’s economic model, Yellen says
8 months, 2 weeks ago

New US-China talks will address a top American complaint about Beijing’s economic model, Yellen says

Associated Press  

GUANGZHOU, China — U.S. Treasury Secretary Janet Yellen said Saturday that upcoming U.S.-China talks will tackle a top Biden administration complaint that Beijing’s economic model and trade practices put American companies and workers at an unfair competitive disadvantage. Yellen, who arrived later in Beijing after starting her five-day visit in one of China’s major industrial and export hubs, said the …

China, US need to keep faith with win-win cooperation
8 months, 3 weeks ago

China, US need to keep faith with win-win cooperation

China Daily  

Chinese and US flags flutter outside the building of an American company in Beijing. The American company's commitment to China's market offers a glimpse into the very nature of China-US trade relations: win-win cooperation. Faced with the recent years' new and evolving situation in China-US business ties, the two sides should stay committed to mutual respect, mutual benefit and equal-footed …

Chinese president issues a positive message at a meeting with U.S. business leaders
8 months, 3 weeks ago

Chinese president issues a positive message at a meeting with U.S. business leaders

LA Times  

Chinese President Xi Jinping, center, walks with representatives from U.S. business, strategic and academic communities March 27 at the Great Hall of the People in Beijing. Chinese President Xi Jinping called for closer trade ties with the U.S. during a meeting on Wednesday with top American business leaders in Beijing that came amid a steady improvement in relations that had …

How Washington is bracing for Trump’s next trade war
10 months, 2 weeks ago

How Washington is bracing for Trump’s next trade war

Politico  

The Republican presidential frontrunner is reportedly considering up to a 60 percent tariff on all imports from China and a 10 percent “universal” tariff on all other trading partners if he wins reelection in November. In a sign that even some of his own advisers don’t know what’s in Trump’s head, one former Trump trade official said the reported tariff …

Washington’s Lopsided Approach to Competition With China
11 months ago

Washington’s Lopsided Approach to Competition With China

The Diplomat  

Ahead of the U.S. presidential elections later this year, the political divide within Washington seems to be growing ever wider. The latest defense policy bill has led to greater confidence among U.S. allies and partners in the region about U.S. military commitment to the Indo-Pacific that goes beyond mere rhetoric. The Indo-Pacific Economic Framework, which had been launched the previous …

Xi Jinping seeks to improve China’s ties with record number of countries to counter US
11 months, 1 week ago

Xi Jinping seeks to improve China’s ties with record number of countries to counter US

Firstpost  

In contrast to Washington’s strategy of building alliances with predominantly affluent allies, Beijing is pursuing a strategy of cultivating ties with developing nations, which constitute the majority of the world’s population, leveraging aid, trade, and investments. Chinese President Xi Jinping strengthened diplomatic ties with a record number of countries last year as part of his efforts to mobilise the Global …

Janet Yellen says the Trump administration’s China policies left the US more vulnerable
1 year ago

Janet Yellen says the Trump administration’s China policies left the US more vulnerable

Associated Press  

WASHINGTON — Treasury Secretary Janet Yellen said former President Donald Trump ‘s policies toward China left America “more vulnerable and more isolated” in the global economy, a rare jab by her at the front-runner for the Republican presidential nomination. Yellen, at a U.S.-China Business Council event Thursday night, said the Trump administration “failed to make investments at home in critical …

Experts share views on China-US relations
1 year, 1 month ago

Experts share views on China-US relations

China Daily  

Editor's note: The heads of state meeting between China and the US in San Francisco is widely believed to have added stability to China-US relations, brought new impetus to the Asia-Pacific cooperation and injected positive energy into the international and regional landscape. SHI YU/CHINA DAILY A new stage for positive measurable action By Edward Lehman The recent meeting between US …

Containing China's technology ecosystem will remain a US policy priority
1 year, 1 month ago

Containing China's technology ecosystem will remain a US policy priority

Live Mint  

The most significant achievement of last week’s meeting between Joe Biden and Xi Jinping was that it took place. The post-meeting readout by the White House conceded little, saying that the meeting was “candid and constructive" and set the tone at the outset by noting that the US president “emphasized that the United States and China are in competition, noting …

What does easing of Sino-US ties signify?
1 year, 1 month ago

What does easing of Sino-US ties signify?

China Daily  

MA XUEJING/CHINA DAILY High-level interactions between China and the United States have increased in recent months, fostering a warmer atmosphere. The US side has stressed it does not seek "decoupling" from China, and the Joe Biden administration has extended the agreement between the two countries on cooperation in science and technology by six months. First, Biden's moves are in response …

What does easing of Sino-US ties signify?
1 year, 1 month ago

What does easing of Sino-US ties signify?

China Daily  

High-level interactions between China and the United States have increased in recent months, fostering a warmer atmosphere. The US side has stressed it does not seek "decoupling" from China, and the Joe Biden administration has extended the agreement between the two countries on cooperation in science and technology by six months. First, Biden's moves are in response to concerns raised …

Trends in US-China engagement
1 year, 1 month ago

Trends in US-China engagement

Hindustan Times  

The United States and China are facing a conundrum where the ongoing rivalry pushes them to be confrontational with each other, whereas the complex and intertwined trade relations compel them to find ways to mend the ties. China’s coercive actions across the Taiwan Straits have been proving a real test of not only the US’s commitment to aid the island …

Yellen stresses economic cooperation with China as she begins talks with her Chinese counterpart
1 year, 1 month ago

Yellen stresses economic cooperation with China as she begins talks with her Chinese counterpart

Associated Press  

WASHINGTON — Treasury Secretary Janet Yellen said the U.S. has no desire to break economic ties with China as she began two days of talks with her Chinese counterpart on Thursday. Nicholas Szechenyi, deputy director for Asia at the Center for Strategic and International Studies, said at a preview event for the APEC summit that “it seems difficult for the …

Yellen says the US economic relationship with China must consider human rights and national security
1 year, 1 month ago

Yellen says the US economic relationship with China must consider human rights and national security

Associated Press  

WASHINGTON — Washington wants to build an economic relationship with Beijing that takes into account national security and human rights and is fair to both sides, Treasury Secretary Janet Yellen said on Thursday. In laying out the Biden administration’s economic approach toward the Indo-Pacific region, the country’s top financial official said Washington does not seek to decouple from China, the …

The US, allies see opportunity and risk in China’s slowing economy
1 year, 3 months ago

The US, allies see opportunity and risk in China’s slowing economy

Live Mint  

In China’s current economic travails, US and other Group of Seven nations increasingly see evidence of deep-seated structural problems that ultimately will strengthen the West’s hand against a weakening geopolitical competitor. Aboard a high-speed train from Beijing to Shanghai on Tuesday, US Commerce Secretary Gina Raimondo said American companies had told her China had become increasingly “uninvestible.” “The conventional wisdom …

Biden's commerce secretary is the latest Cabinet member to visit China in a bid for improved ties
1 year, 3 months ago

Biden's commerce secretary is the latest Cabinet member to visit China in a bid for improved ties

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Commerce Secretary Gina Raimondo is the latest member of President …

Navigating Uncertainty in U.S. China Policy.
1 year, 4 months ago

Navigating Uncertainty in U.S. China Policy.

The Diplomat  

Some of the most powerful U.S. officials have visited Beijing in recent months, as the Biden administration looks to walk a fine line between engaging with and remaining unyielding to China. The latest round of senior meetings, however, may lead to a more targeted approach to U.S. economic security and Washington’s strategy to ensure that national security interests and economic …

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