Economic Wars Between China and USA?

Trade disputes between China and the United States continued to cool down. The Chinese side expressed its hope to resolve differences through dialogue and consultation. The US revealed that it will not impose tariffs on goods imported from China before June of this year. Some commentators believe that the success of the negotiations between the two sides depends on China’s greater compromise. Trade disputes between China and the United States continue to attract attention from the outside world. The Chinese Ministry of Commerce held a regular press conference on March 29 to answer reporters' questions on relevant issues. The spokesman of the Ministry of Commerce stated that China’s position has been very clear and does not want to fight a trade war, but it is absolutely not afraid to fight a trade war and will take all necessary measures to firmly defend its own legitimate rights and interests. On March 22 this year, US President Trump announced that he will impose tariffs on imports of Chinese goods worth 60 billion U.S. dollars. China subsequently issued a list of suspension and concession products for U.S. imports of steel and aluminum products. On March 24th, Liu He, the vice premier of the State Council and director of the China Finance Office, and U.S. Treasury Secretary Mukuchin visited the country. On the 28th of the local time, U.S. Trade Representative Latschitzer revealed in an interview with a television station that the list of U.S. products with a tariff of US$60 billion will be announced in the near future, and the number of days of publicity on the list will be extended from 30 days to 60 days. This means that tariffs will not be imposed on goods imported from China before June this year, and trade disagreements between China and the United States are expected to be resolved through negotiations. Regarding the outside world that China and the United States are negotiating to avoid trade wars, the summit stated on the 29th that it hopes the US side will be able to resolve the differences through dialogue and negotiation. It also said that the door for China’s negotiation and consultation is always open, but negotiations are principled. He said: First of all, the United States must abandon its unilateralism and trade protectionism. Negotiations must be equal. China will not accept any consultation under unilateral coercion. In an interview with this station, Beijing dissident Cha Jianguo stated that if the Chinese side is willing to make a major compromise, the two sides may negotiate and resolve: "The Sino-U.S. trade team, both China and the United States, must have killed one enemy and lost 800. If they can pass through the negotiations at the bottom, both sides will have compromises, especially if China can make a relatively large compromise. This trade war will It may be that thunder and rain are a bit small; if China cannot make substantial concessions, trade warfare may still be possible." At the press conference, Gao Feng emphasized that since China’s accession to the WTO, it has fulfilled its various commitments in earnest and comprehensively, and the total tariff level has dropped from 15.3% before the accession to 9.8%. However, the outside world has criticized that the opening up of the market promised by China when it joined the World Trade Organization has basically made no progress. In particular, certain non-tariff trade barriers have become more serious. Hu Jia, a Beijing human rights activist who focuses on trade disputes between China and the United States, believes that China’s trade barriers exist in real terms, not just because it has frictions with the United States, and Europe does not recognize China’s market economy status. While China sets high tariffs, the biggest victims are the Chinese people: "When the Chinese Communist Party is fighting back against the United States saying that China abides by the World Trade Agreement, can you see that from last year to this year, only one country in the United States has launched a disaster in China? The European Union does not recognize our China's market economy, and those who did not take trade war action. Countries such as the European Union, Australia, Canada, and Japan also know that China has the barriers set up by the Chinese Communists. In fact, the biggest benefit to this barrier is the Chinese Communist Party. The biggest victims are not just the United States or others. There are many times in the country that are ordinary consumers in China. Why did we spend two or three times more than Americans to buy a jeep?"