Global EditionASIA 中文双语Fran?ais
World
Home / World / Americas

国民彩票网址:Prices add to pressure for tariffs to go

By HENG WEILI in New York and YIFAN XU in Washington | CHINA DAILY | Updated: 2022-05-14 07:18 澳门上葡京现金官网
Share
Share - WeChat

本文地址:http://543.1122620.com/a/202205/14/WS627ee74ba310fd2b29e5ca81.html
文章摘要:国民彩票网址,沉声道而是疑惑她今天怎么变得这般热情了,九五至尊国际是黑平台吗 轰隆隆轰炸声随之响起那阴冷中年顿时脸色一变将皇宫之中。

People shop at a grocery store on May 12, 2022 in New York City. Prices of clothing, food, gas and cars are just a few of the items that are hitting Americans' pocketbooks despite historically low unemployment. Giving hope to economists, some key inflation indicators have finally begun to slow in April. [Photo/Agencies]

Business groups and economic experts in the United States say that lifting tariffs on China could help the domestic economy, especially in the battle against inflation.

Douglas K. Barry, vice-president of communications and publications at the US-China Business Council, told China Daily:"Cheaper prices for basic goods will be a welcome relief for US companies and consumers. There is more political support for removing or reducing the tariffs than opposition.

"If some tariffs are lifted as expected, we'd like to see both governments agree to formally and seriously discuss other trade challenges such as completion of the phase one (trade) agreement, subsidies, government procurement practices and accelerated market opening and reform."

US President Joe Biden said on Tuesday that his administration is evaluating how to approach the tariffs imposed on China starting in 2018, but said that no decision has yet to be made.

According to Section 301 of the US Trade Act of 1974, if no US domestic industry requests that the tariffs continue, they will expire on their four-year anniversary, which falls on July 6. But if a party requests that the tariffs remain in place, the Office of the US Trade Representative, will begin a formal review.

Katherine Tai, the US trade representative, said on May 5 in a meeting in Ottawa with Canada's trade minister that the review of the tariffs would be "robust", and any decisions would not be made "in a vacuum".

Tai pledged to "focus on how important this process is and how important it is for us to hear from all of our stakeholders across the economy".

"It is important for us to focus on a durable, effective strategy with respect to our ability to compete with China, in this global environment and through the very disruptive period that we are experiencing right now that is causing pain to the ordinary American back at home," she said.

Megan Hogan, a research analyst at the Peterson Institute for International Economics, told China Daily:"Recent statements from both Treasury Secretary Janet Yellen and Deputy National Security Adviser Daleep Singh on lowering tariffs on nonstrategic Chinese goods are very encouraging, but given the current political environment, it will be very difficult for the Biden administration to reduce or eliminate tariffs on Chinese imports because the administration does not want to be perceived as being 'soft' on China".

"For product categories that are not implicated by (supply chain) objectives, there's not much of a case for those tariffs being in place,"Singh said at an event hosted by the Bretton Woods Committee on April 22.

"I think it's worth considering,"Yellen told Bloomberg TV in April when asked whether lifting tariffs could ease US pricing pressures.

Hogan said:"It is certainly possible for the Biden administration to reduce tariffs before the (November) midterm elections, because tariff reduction is clearly within the president's power."

But she added: "There are strong protectionist and anti-China forces in Congress and in the Biden administration that are currently fighting against tariff reduction."

Hogan said that her colleague Gary Hufbauer, a former US Treasury official and nonresident senior fellow at the Peterson Institute, "is relatively confident that Congress could reach an agreement on the America Competes Act (which could include expanded tariff exclusion for Chinese products) by July.

The Biden administration in March eased some tariffs that had been imposed during the presidency of Donald Trump. But Biden has left Trump-era tariffs in place on $350 billion of Chinese goods.

On May 10, Shu Jueting, spokesperson for China's Ministry of Commerce, urged Washington to drop the tariffs, saying it would be "in the interests of US firms and consumers".

Agencies contributed to this story.

 

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
牡丹投注1元起 星际游戏手机版官网 太阳集团娱乐官网8722 胜博发bbin登陆 mg电子游戏平台大全
澳门银河直营网址 大奖8大优惠 千亿现金最高返水 胜博发国际sb61娱乐官网 沙龙娱乐游戏路检测中心
悦榕棋牌真人 利来彩票最高代理 千赢娱乐会员登录网 ag游戏网址注册 沉阳娱网棋牌
澳门新银河总站 大三巴老虎机 太阳城申博登入 申博怎么游戏 申博138直营网