China shows good­will via tar­iff ex­emp­tions

Global Times US Edition - - EDITORIAL -

China re­moved on Wed­nes­day 16 cat­e­gories of items from the list of US prod­ucts that had faced ex­tra tar­iffs, in­clud­ing shrimp and pawn seedlings, lu­bri­cat­ing base oil and med­i­cal lin­ear ac­cel­er­a­tors. The mea­sure will ben­e­fit some com­pa­nies from China and the US.

In ac­cor­dance with its ex­ist­ing sys­tem, the US has suc­ces­sively re­moved eight batches of Chi­nese prod­ucts from its tar­iff list.

For China, grant­ing tar­iff ex­emp­tions on US goods is an in­no­va­tion of the tar­iff sys­tem. This is the first time China has pro­vided tar­iff ex­emp­tions since May. Sub­se­quent lists will be de­clared in due time.

The ex­emp­tion of some US prod­ucts from the tar­iff list would ef­fec­tively mit­i­gate the im­pact of the Us-launched trade war against China on in­volved Chi­nese com­pa­nies. It is also a pos­i­tive sign to Chi­nese peo­ple’s liveli­hood.

The China-us trade war has fully es­ca­lated with its im­pact clearly be­ing felt by the two coun­tries and the world. Bei­jing and Wash­ing­ton agreed to hold the 13th round of trade con­sul­ta­tions in early Oc­to­ber, say­ing they will keep work­ing-level com­mu­ni­ca­tion and work hard for mak­ing sub­stan­tial progress in this round of talks. The two coun­tries are at a cross­roads ei­ther to make break­throughs or to es­ca­late the ten­sions un­til the sit­u­a­tion spi­rals out of con­trol.

China’s at­ti­tude to­ward the trade war is con­sis­tent. “We don’t want this fight, but we are not afraid of it and we will fight if nec­es­sary.” More im­por­tantly, Chi­nese so­ci­ety is tak­ing the trade war calmly.

As pres­sure on China in­creases, Chi­nese peo­ple are more united, giv­ing more trust in their gov­ern­ment.

We be­lieve the US has un­der­stood China more than ever in the past one and a half years. The US side should have aban­doned the il­lu­sion of crush­ing China with maximum pres­sure. To achieve a soft land­ing in the trade war, the US side is fac­ing a dilemma of bal­anc­ing their pursuit for trade in­ter­ests and the com­pli­cated po­lit­i­cal game within the US.

A pro­longed trade war will only end up hurt­ing both coun­tries’ in­ter­ests. It is a ra­tio­nal move for the two coun­tries to stop the losses in a fair way. This is also the real wish of their peo­ples.

The US side has been ad­vo­cat­ing how the trade war has been ben­e­fit­ing the US, which is elec­toral politics. There are signs of a re­ces­sion in the US econ­omy. Flaunt­ing that the cur­rent econ­omy is “the great­est econ­omy in the his­tory of Amer­ica” won’t help Wash­ing­ton gain an ad­van­tage in the con­sul­ta­tions.

China has al­ways been ac­tive in the trade talks. We know the trade war has con­sumed too much and mean­ing­less to con­tinue. China is will­ing to work with the US to reach a fi­nal deal that both coun­tries ac­cept.

But China will never give up the right to say “but.” If Wash­ing­ton tries once more to open the way for a deal uni­lat­er­ally fa­vor­able to the US through a maximum pres­sure campaign, Bei­jing will take it easy and take on the US to the end.

Some peo­ple would link the tim­ing of China ex­empt­ing some US prod­ucts from the tar­iff list to the com­ing trade talks. That is the way China han­dles is­sues.

Con­sul­ta­tions must be based on good­will to achieve deals. In East­ern phi­los­o­phy, good­will means strength and con­fi­dence rather than weak­ness or com­pli­ance. Only two-way good­will can help the two coun­tries make achieve­ments that ben­e­fit their peo­ples and the world.

Il­lus­tra­tion: Ab­dul Saeed/gt

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