US’ tar­iffs have no le­git­i­macy

China Daily (USA) - - VIEWS -

US Pres­i­dent Don­ald Trump on Tues­day re­peated his threat to slap tar­iffs on an ad­di­tional $267 bil­lion of Chi­nese im­ports if Bei­jing re­tal­i­ates for the re­cent levies the United States has im­posed in an es­ca­lat­ing trade war.

Now more than 50 per­cent of China’s ex­ports to the United States and al­most 85 per­cent of US ex­ports to China have been hit by tit-for-tat tar­iffs. This is the big­gest trade dis­pute in his­tory in terms of the ab­so­lute vol­ume.

Ne­go­ti­a­tion is a process of giv­ing and tak­ing, which takes time. But Trump’s pace is too fast, he hasn’t given enough time for ne­go­ti­a­tions. Trump im­posed puni­tive tar­iffs on Chi­nese goods worth $34 bil­lion in July, and then on an­other $16 bil­lion worth of Chi­nese im­ports in Au­gust. The 10 per­cent tax on $200 bil­lion of Chi­nese im­ports took ef­fect on Sept 24 and the tax will rise to 25 per­cent in three months. China has re­sponded each time with re­cip­ro­cal tar­iffs on US goods.

Trump con­tin­u­ally re­peats his op­ti­mistic state­ments that the US will win the trade war with China, but his­tory tells us there will be no win­ner.

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