日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

Global EditionASIA 中文雙語Fran?ais
Opinion
Home / Opinion / Chinese Perspectives

Trump's tariff policy sword with double edge

By Kong Qingjiang | CHINA DAILY | Updated: 2025-01-09 07:45
Share
Share - WeChat
Shen Tiancheng | China Daily

With Donald Trump set to be sworn in as the US president for a second time and given the partisan nature of US politics, many observers have been asking what the new Trump administration's China trade policy will be like.

The US' trade relations with China have always been shaped by the administration's perception of the Sino-US relationship. It was during Trump's previous tenure that the US began to view China as a rival that has both the will and ability to challenge American interests on a global scale, and characterize Sino-US relations as one of strategic competition.

Hence, the long-term trend of the US' economic and trade policies will be to serve Washington's needs of strategic competition against Beijing.

In this context, irrespective of whether Trump, like some of his close aids, is obsessed with anti-China ideology, the incoming US administration's perception of bilateral relations will not change.

A second factor that will shape the US administration's China policy is Trump's sense of history and accountability to voters. While Trump may tend to honor the promises he made during the presidential campaign, as a US president nearing his 80s he may be eager to leave behind a "good" political legacy.

Intensifying the trade war against China on the pretext of reducing the huge trade imbalance between China and the US might serve him well in this regard — the huge trade deficit in the US is what prompted Trump to launch the trade war in 2018 in the first place. Yet the US' trade deficit against China further increased in recent years because of high economic interdependence. In 2023, China's surplus in goods trade was $608 billion, the second-highest in history. To a mercantile businessman-turned politician, such a huge trade deficit is a thorn in the flesh.

As a matter of fact, during his election campaign Trump promised to impose up to 60 percent tariffs on all imports from China after taking office. If he does impose punitive tariffs on Chinese goods, it might help Trump "honor his words" but will in fact deal a blow to the US consumers by exacerbating US inflation.

Given that the Republican Party also won the majority seats in both the Senate and the House of Representatives in November, it won't be a surprise to see Trump use his influence in the Republican Party and Congress to push forward the legislative piece, which is similar to the US Tariff Act of 1930, so as to leave behind his legacy in the field of trade.

A third factor is that US domestic laws provide the needed support or ammunition for the Trump administration to impose new, more drastic trade measures against other countries. In addition to antidumping and countervailing measures that can be easily used against imports from other countries, the Trump administration may also use measures under Section 301 to address so-called unfair trade practices, Section 232 to address self-perceived national security threats and Section 201 to cater to global safeguard needs.

Moreover, it can use the Foreign Investment Risk Review Modernization Act of 2018 to screen foreign investment in the US, and the Export Control Reform Act of 2018 to prevent the export of targeted technology to certain countries. It can also use the CHIPS and Science Act of 2022, Bipartisan Infrastructure Investment and Jobs Act and Inflation Reduction Act to build barriers to deny targeted countries access to advanced technologies and products.

As such, the incoming Trump administration may adopt an even more treacherous trade policy.

However, even US economists have debunked tariff hike justifications as exaggerated, unsubstantiated, and logically flawed. In reality, the tariffs did not succeed in stimulating US manufacturing and, instead, resulted in a net loss of jobs. Relying too heavily on tariffs could lead to elevated living costs and heightened inflationary pressures, ultimately jeopardizing the overall health of the US economy.

The US president-elect should think twice.

The author is the dean of the School of International Law at the China University of Political Science and Law.

The views don't necessarily reflect those of China Daily.

If you have a specific expertise, or would like to share your thought about our stories, then send us your writings at opinion@chinadaily.com.cn, and comment@chinadaily.com.cn.

Most Viewed in 24 Hours
Top
BACK TO THE TOP
English
Copyright 1994 - . 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: 日韩欧美高清在线 | 在线视频亚洲 | 99久久精 | 成人福利视频网 | 欧美成人免费视频 | 国产精品不卡一区二区三区 | 精品日韩一区二区三区 | 亚洲视频一区在线观看 | 一区二区av在线 | 欧美一区二区三区久久久 | 天天干天天做 | 亚洲一区二区三区日韩 | 免费av网站在线看 | 久久一区二区三区四区 | 中文字幕第一页在线 | 国产精品视频免费在线观看 | 欧美成人一区二区三区片免费 | a毛片在线免费观看 | 毛片大全在线观看 | 久久久久久一区二区三区 | 亚洲高清网站 | 日日综合 | 深夜久久久 | 99色网站| 91成人在线免费观看 | 夫妻性生活毛片 | 我要看免费的毛片 | 91pron在线| 亚洲日日夜夜 | 欧美中文字幕 | 91手机看片 | 亚洲色诱| 亚洲v欧美| 手机av免费在线观看 | 校园春色激情 | 亚洲天堂精品视频 | 欧美一级激情 | 国产一二在线 | 亚洲欧美在线观看视频 | 国产高清一级片 | 五月婷网 |