Customs dispute: China fights while the USA makes concessions!
Customs dispute: China fights while the USA makes concessions!
New York, USA - The argument between the USA and China in the area of trade and the tariffs continues to escalate. As sächsische.de announced, the Chinese party leadership has been announced in the current customs dispute To want to fight "to the end". This determination is in contrast to the recently issued customs balance for certain US products, which now also include the health sector, aviation and the chemical industry. These exceptions were confirmed by the US Chamber of Commerce in Beijing.
A report by the renowned Chinese financial magazine Caijing about the loosening was removed by censors after a short time, which indicates a tense mood within the Chinese government. While the Chinese authorities do not make an official statement on the loosening, the secular reaction remains mixed. Comments on social media show that the Chinese public has displeasure to depart from a stubborn course towards the USA.
China's countermeasures
china has reacted to current developments by raising tariffs to US carbon and liquid gas, which should come into force from February 10, 2025. Patriotism is strongly pronounced in the politics of the KP of China, and the population was committed to a fight against the United States. Experts indicate that the customs easements may be an attempt to alleviate the economic effects of the trade war.
In addition, it is pointed out that discrepancies between the United States and China exist on the status of the negotiations. The spokesman for the Foreign Ministry, Guo Jiakun, rejected reports on consultations or negotiations on customs questions.
US initiatives and legal challenges
In the United States, twelve states have filed a lawsuit against the customs policy of President Donald Trump. According to ZDF , the plaintiffs do not argue that Trump does not have the authority and demand the elimination of these tariffs as illegal. The lawsuit was submitted before the Court of International Trade in New York.Minister of Justice Kris Mayes from Arizona described the tariffs as economically ruthless. According to economic experts, the tariffs also put a strain on the US economy and financial markets. Trump plans to set tariffs in the coming weeks if the trade talks show no progress.
background and long -term effects
Trade relationships between the USA and China have been in a permanent crisis since March 2018. The conflict began with mutual punitive tariffs when the United States tried to modify the Chinese state capitalist economic and industrial policy and reduce the massive trade deficit. In 2017, this deficit was $ 375 billion. Contrary to the expectations, the efforts to improve the commercial balance have so far not shown any sustainable successes, as well as Business Service determined.
Despite the "Phase One Trade Agreement" in January 2020, in which China committed to buying US products worth $ 200 billion, there is skepticism about fulfilling these obligations. The trade conflicts have a negative impact on growth and employment in the United States, while agriculture also suffers from export losses.
The trade dispute between the USA and China shows how complex and complex modern trade relationships are. The current on the conflict could have a lasting impact on the economic dynamics of both nations.
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