www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

Global EditionASIA 中文雙語Fran?ais
World
Home / World / China-US

China expresses concerns over US tariff policy

By ?Ma Si, Liu Weifeng,?Li Xiang?and Zhong Nan? | chinadaily.com.cn | Updated: 2025-02-20 00:01
Share
Share - WeChat
[Photo/VCG]

China has reaffirmed its commitment to resolving mutual concerns through equal dialogue and consultation with the United States, emphasizing that Washington's unilateral tariff hikes are disrupting normal economic and trade cooperation between the two countries, according to China's top commerce official.

In a letter sent on Wednesday to Howard Lutnick, the newly appointed US secretary of commerce, Chinese Commerce Minister Wang Wentao expressed China's concerns over US tariffs on Chinese exports, the Ministry of Commerce said in an online statement.

Wang said that economic and trade relations form a critical pillar of China-US ties. Both sides should strive to foster a fair and predictable business environment to support sustainable economic engagement, he added.

The US government's aggressive tariff policy is bound to fail, as history has proved that wielding the tariff stick only leads to price hikes, exacerbates inflation and disrupts global trade, economists said.

Highlighting that tariffs are duties ultimately imposed on US businesses and consumers, they said that rather than bring manufacturing back to the US, protectionism would isolate Washington in the world economy and politics.

Their comments came after US President Donald Trump said on Tuesday that he intends to impose auto tariffs "in the neighborhood of 25 percent" and similar duties on semiconductors and pharmaceutical imports. This is the latest of a series of US measures threatening to upend international trade.

Sebnem Kalemli-Ozcan, a professor of economics at Brown University in the US state of Rhode Island, said, "Economists don't typically agree on all things, but if you ask me what is one thing they do agree on, it's that tariffs are costly to the American consumer in the end."

Trump imposed a 50 percent tariff on imports of washing machines in 2018. As a direct result, the value of washing machines jumped by around 12 percent, and US consumers paid around $1.5 billion extra a year in total for these products, researchers from the University of Chicago estimated in a paper published in 2019.

Kalemli-Ozcan also expressed concern about the inflationary impact of the extra tariffs.

The US consumer price index jumped 0.5 percent month-on-month in January, the biggest gain since August 2023. This was higher than expected, as Americans face higher costs for a range of goods and services, Reuters reported.

Computer manufacturer Acer said that the price of its laptops would increase by 10 percent next month due to US tariffs.

"Tariffs (could) also lead to appreciation of the dollar, meaning it will be hard for US exporters to sell their goods to other countries, even in the absence of any retaliation from any country that it imposes tariffs on," Kalemli-Ozcan added.

Jeffrey Sachs, director of the Center for Sustainable Development at Columbia University, said a multifaceted rationale exists behind the aggressive US trade policy, citing reasons such as attempting to weaken China, pushing for compliance with US foreign policy demands and boosting US exports.

"But Trump's strategy is bound to fail," Sachs said. "China will diversify its trade to the rest of the world, while the US will increasingly lose competitiveness of its own exports in third markets."

Li Zhi, assistant dean of the China Institute for Development Planning at Tsinghua University, said, "Eight years ago, the US government tried to use the tariff weapon to make the US great again, but the result was soaring prices domestically, blocked manufacturing investment and disrupted global supply chains."

"The trade war launched by Washington has proved to be of little use to help it reduce the deficit," Li said. "We need to learn how to compete and cooperate more gracefully."

Wang Changlin, vice-president of the Chinese Academy of Social Sciences, said Trump is triggering widespread trade frictions with his tariff plans. "Such an approach will drive up inflation in the US, disrupt global supply chains, and accelerate the restructuring of global industrial, technological and energy resource landscapes. As a result, global economic growth is expected to slow further," Wang said.

Shi Hongxiu, a professor of economics at the National Academy of Governance, said: "The tariff policy reflects a decline in US influence in global trade, as it increasingly resorts to protectionism to shore up domestic industry. Such moves will trigger countermeasures from its trading partners and deal a blow to global supply chains."

Cheng Dawei, a professor at the School of Economics at Renmin University of China, said Trump called for "reciprocal tariffs".

"But such remarks are unfair and contradict the laws of the World Trade Organizations," Cheng said. "Under WTO rules, special and differential treatment should be applied to developing countries. Trump's planned 25 percent tariff on all imported automobiles violates such rules."

Contact the writers at masi@chinadaily.com.cn

Most Viewed in 24 Hours
Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 欧美在线观看成人高清视频 | 青青爽国产手机在线观看免费 | 台湾三级香港三级在线中文 | 精品视频免费在线观看 | 欧美巨大另类极品videohd | 2000xxxxav影院| 看a网站| 国产97视频 | 欧美大陆日韩 | 国产成人精品系列在线观看 | 毛片免费在线观看 | 粉嫩jk制服美女啪啪 | 鸥美性生交xxxxx久久久 | 一级国产 | 久久久久久久久久久大尺度免费视频 | 男女男精品视频在线播放 | 日本三级成人午夜视频网 | 国产性较精品视频免费 | 国产亚洲精品久久麻豆 | aaaaaa级特色特黄的毛片 | 久草手机在线视频 | 欧美午夜精品久久久久免费视 | 日韩毛片免费线上观看 | 爽爽窝窝午夜精品一区二区 | 久久国产精品久久精品国产 | 美国一级毛片片aa久久综合 | 91精品国产一区二区三区四区 | 国产高清一区二区三区免费视频 | 亚洲第一页在线 | 美国毛片免费观看 | 久久96国产精品久久久 | 国内久久精品视频 | 久久久久久久一线毛片 | 欧美a在线视频 | 玖玖在线精品 | 国产91第一页 | 亚洲视频免费一区 | 国产中文字幕视频 | 一级毛片免费观看不卡视频 | 欧美人成在线观看网站高清 | 三级国产在线观看 |