- Registration time
- Last login
- Online time
- 102 Hour
- Reading permission
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.|
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.