Home » US-China trade call Dai Qi and Liu He each make demands | Tariffs | Epoch Times

US-China trade call Dai Qi and Liu He each make demands | Tariffs | Epoch Times

by admin

[EpochTimesOctober092021](Epoch Times reporter Zhang Ting comprehensive report) US Trade Representative Dai Qi had a video call with Vice Premier Liu He. US officials pointed out that Dai Qi hopes to use this call to test whether bilateral contacts can resolve US dissatisfaction with China’s trade and government subsidies. The Chinese side said on Saturday (October 9) that during the talks, the Chinese side proposed to the US to cancel tariffs.

U.S. Trade Representative Dai Qi stated in her speech on China’s trade policy on Monday (October 4) that she would seek “candid” talks with China and demand that China fulfill the agreement with former President Trump (Trump). One-phase trade agreement.

On Friday, Eastern Time (October 8), Dai Qi had a video call with Liu He. The Office of the United States Trade Representative (USTR) subsequently issued a statement stating: “Ambassador Dai Qi and Vice Premier Liu He reviewed the implementation of the US-China Economic and Trade Agreement and agreed that the two sides will hold consultations on certain outstanding issues.”

After the talks between the two parties, the Chinese Communist Party’s official Xinhua News Agency stated that China had negotiated the cancellation of tariffs and sanctions, and clarified its position on China’s economic development model and industrial policies.

Reuters quoted an official from the USTR as saying that Dai Qi aimed to use the call to test whether bilateral contacts can resolve US dissatisfaction with Beijing’s improper trade and subsidy practices.

Prior to the US-China call, a senior USTR official revealed that Dai Qi will give Liu He an assessment of China’s performance in the implementation of the first phase of the trade agreement during the call, including the case where the US goods promised to purchase did not meet the target; She will also raise concerns about China’s “non-market” economic behavior.

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Dai Qi promised in his speech on China’s trade policy on October 4 that he would initiate a targeted tariff exclusion process and cancel tariffs on certain Chinese products.

“We will start a targeted tariff exclusion process, and we will ensure that the existing implementation framework serves our economic interests in the best way.” Dai Qi said. She also said that it does not rule out the possibility of adding additional tariff exclusion procedures in the future.

During the Trump administration, the United States imposed punitive tariffs on a large number of Chinese products in order to force the CCP to come to the negotiating table and change unfair trade practices. The Trump administration created a tariff exemption procedure for companies that could prove that they could not obtain a viable alternative to Chinese imports, but most tariff exemptions expired at the end of 2020.

The Biden administration spent several months reviewing the Trump administration’s trade policies with China, including the previous administration’s tariffs on Chinese imports worth approximately US$370 billion. The products involved include consumer products such as electronics, clothing and furniture, as well as parts and components used in many US factories.

The Biden administration retained the implementation of these tariffs during the review of its China policy.

Former U.S. Trade Representative Robert Lighthizer recently submitted a book to the Economist magazine, saying that the deficit between the United States and China is so huge that the United States needs new thinking and maintains a high level of opposition to China. tariff.

“It is no exaggeration to say that the hundreds of billions of dollars we send to China each year have made the Chinese Communist Party fatter and helped it pay for the huge expansion of its military capabilities. This is neither in the interests of the United States nor in the free world. Interests.” he said.

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Editor in charge: Lin Yan#

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