reedak Post time 2018-8-1 10:43:50

Trump trying to coerce China into submission

1.  The following are excerpts from the ‎‎August 01, ‎2018 article by Jenny Leonard and Jennifer Jacobs under the headline "U.S. Considers Higher Tariffs on $200 Billion in Chinese Imports" at bloombergdotcom.

(Begin excerpts)
The Trump administration will propose raising to 25 percent its planned tariffs on $200 billion in Chinese imports, ratcheting up pressure on Beijing to return to the negotiating table, three people familiar with the internal deliberations said.

The U.S. imposed 25 percent tariffs on $34 billion of Chinese products in early July, and the review period on another $16 billion of imports ends Wednesday. President Donald Trump has threatened an additional $200 billion with levies of 10 percent, a level the administration may raise to 25 percent in a Federal Register notice in coming days, one of the people said.

At the same time, representatives of U.S. Treasury Secretary Steven Mnuchin and Chinese Vice Premier Liu He are having private conversations as they look for ways to reengage in negotiations, according to people who spoke about the deliberations on condition of anonymity....

The public comment period on the U.S. tariffs aimed at $200 billion ends Aug. 30 after public hearings Aug. 20-23, according to the U.S. Trade Representative’s office. Announcing a higher tariff is required ahead of the hearings and will send a signal that the Trump administration is upping the pressure on China to make serious concessions.

Trump directed trade representative Robert Lighthizer to raise the tariff rate to 25 percent, the people said. The change isn’t final yet and may not go forward after a public review, the people said....

The next wave of U.S. tariffs is set to kick in as soon as Wednesday, with the possible imposition of duties on another $16 billion of Chinese imports. The implementation could be delayed for weeks as the administration works out the details of which products it will target. Officials in Beijing have vowed to respond with the same amount of tariffs on U.S. products.

One person familiar with the internal deliberations said the U.S. is trying to secure certain concessions and if China agrees, it is possible the U.S. would back off additional tariffs.

Complicating Mnuchin’s efforts is a harder line taken by Lighthizer, who has jurisdiction over the U.S.’s 301 investigation that sparked the tariffs. That case concluded China was stealing American technology and tariffs were needed to offset the damage....

The two sides held three rounds of formal talks, beginning with a delegation to Beijing led by Mnuchin in May. After Liu visited Washington later that month, the nations released a joint statement pledging to reduce the U.S. trade deficit with China, among other things. But within days, Trump himself backed away from the deal, saying talks would “probably have to use a different structure.”  (End excerpts)

2.  As usual, Trump is resorting to his crude negotiation tactics which is no different from the robber's tactics in my satire entitled "Dialogue and negotiations are the only way out" in the Leisure Time's Fun column.  The US is calling for negotiations while pressuring China to make serious concessions with additional tariffs.

Meanwhile, it was reported that the Taiwanese leader would be stopping off in Los Angeles and Houston during her visit to Belize and Paraguay next month.  This is another way Trump is upping his ante on China ahead of the so-called trade negotiation.  Hence, China must not fall into the delusion that the US is aiming for a win-win situation in the upcoming negotiation.  On the contrary, it is trying to force China into submission.

TruismStrike Post time 2018-8-1 23:31:34

US should just put 25% tariffs on ALL Chinese imports until they stop cyber attacks, corporate espionage, blackmailing foreign companies in China, remove their own tariffs which are the highest out of the US, EU, and CHina, and demilitarize SCS islands.

If China doesn't do all these things US should shut them out of trade with the US, EU and Japan and other developed countries entire and watch them collapse back to the 1990s. :victory:

Also the made in China 2025 plan is also basically a declaration of war since China has to steal from others to accomplish those goals. People are sick of China stealing IPs it has zero rights to.

huaqiao Post time 2018-8-2 13:47:56

TruismStrike Post time: 2018-8-1 23:31 static/image/common/back.gif
US should just put 25% tariffs on ALL Chinese imports until they stop cyber attacks, corporate espio ...

US should just put 25% tariffs on ALL Chinese imports until they stop cyber attacks, corporate espionage, blackmailing foreign companies in China, remove their own tariffs which are the highest out of the US, EU, and CHina, and demilitarize SCS islands.

You mention all these in one breath like it is the "truth". Do you have hard evidence of "cyber attacks" "corporate espionage" and "blackmailing foreign companies". As far as I know, all these allegations are just blind accusations because China does not do things according to US and the developed countries' demand.

huaqiao Post time 2018-8-2 14:03:52

TruismStrike Post time: 2018-8-1 23:31 static/image/common/back.gif
US should just put 25% tariffs on ALL Chinese imports until they stop cyber attacks, corporate espio ...

Also the made in China 2025 plan is also basically a declaration of war since China has to steal from others to accomplish those goals. People are sick of China stealing IPs it has zero rights to

The issue about stealing IP is a controversial matter because foreign companies coming to China for cheap labour has to pass down some knowledge and technology to get things going. Furthermore, this kind of practice has been done in many developing countries before. So why single out just China? You are assuming the foreign companies are stupid. By the way, the "technology" passed down by these foreign companies are low-end technology which will be redundant. No foreign companies share their most advanced technology to China so how does that contribute to China 2025? Your comments are actually parroting what the bias western media has been spewing out all these years. I would only pay attention if there is really objective and constructive criticism telling the whole story but all these are just news that are trying to achieve a hidden agenda using journalism tricks and twist of information.

markwu Post time 2018-8-2 19:25:48

huaqiao Post time: 2018-8-2 14:03 static/image/common/back.gif
The issue about stealing IP is a controversial matter because foreign companies coming to China  ...

Good points.

Trump has omitted the two key aspects:

(a) even if China zero-rates tariffs on all US products imported, the action will not necessarily reduce the US-China trade deficit BECAUSE US heavy-handedness on China will only trigger Chinese nationalism to boycott all US products whatever their reduced prices; this also means the Chinese consumer will be more open to buy European equivalents which will strengthen the European suppliers to compete more strongly against the US suppliers in other markets as well;

(b) for trade secrets protection, China's and other courts depend on claimants to provide documentation that prove the trade secrets have been copied; unlike copyrights, everyone can tell you it is not so easy to provide those documents defining a trade secret entitlement.

markwu Post time 2018-8-2 20:05:19

And this is the world's biggest market that the US will be missing out if the US Congress lets Trump gets his way on the US trade attacks on China, thereby losing out the market that can make or break US innovation startups when compared to those from Europe.

huaqiao Post time 2018-8-3 16:15:21

markwu Post time: 2018-8-2 19:25 static/image/common/back.gif
Good points.

Trump has omitted the two key aspects:


:handshake

Concerning (a), there are still some Chinese who are obsessed with foreign products but these are getting lesser. Chinese are wising up. Locally made products can be equally good in quality such as Mobi Garden, Sevlae, Toread, Lining ...etc.

Concerning (b), you will not find this mentioned in any of the western media.
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