On September 19, Obama said in an interview with CNN in the United States: “We cannot go back to the previous era: China, Germany and other countries just sold things to us, causing us to generate a lot of credit card debt or housing equity loans. But they did not export anything to them."
Obama's remarks are interpreted as the United States has thrown the "China should reduce exports" issue before the G20 Pittsburgh summit. This is an even worse case for the export situation in which China has been heavily afflicted by trade friction. No matter what political considerations Obama has approved for China’s tires, it is undoubted that it has created a “bad precedent†for Sino-U.S. trade friction. When the results of the tire special protection case just came out, some experts expressed concern when interviewed by reporters that China may suffer more and more intensive trade protection in the future. Experts' concerns are turning into reality.
On September 17, the United States Steel Corporation, the largest steel company in the United States, submitted an application to the US Department of Commerce requesting the collection of up to 60% of anti-dumping and up to 30% countervailing duties on some steel pipe products imported from China. These steel pipe products are mainly imported steel pipes used in chemical, petrochemical, refinery and related businesses. On the previous September 9, the US Department of Commerce just announced the imposition of temporary countervailing duties on petroleum steel pipes imported from China, with a tax rate of 10.90% to 30.69%.
Affected by the tire special protection case, the U.S. textile group and the major textile workers' unions are also in close communication with each other to study the possibility of submitting 421 special insurance investigations to Chinese imported garments.
What is disturbing is that the bad influence of the special case of tire protection is not only confined to the United States. When China and the United States disputed the special case for tire protection, India has already launched a special case for Chinese tire protection, and Brazil has also made tire imports to China. Additional taxation measures. Subsequently, Argentina also announced that it would conduct anti-dumping investigations on car tires originating in China in reference to Brazilian practices. At that time, Brazil will not be excluded from the imposition of anti-dumping duties on tires produced by Chinese cars. Argentine and Brazilian officials also reached an agreement to launch a joint anti-dumping investigation of Chinese products. If Argentina sets a minimum reference price for footwear products from China, Brazil will adopt similar measures.
According to data from the World Trade Organization, in the first six months of this year, China’s merchandise exports reached 522.7 billion U.S. dollars, becoming the global export champion. Another data burst in the domestic media is equally embarrassing: As of now, 55 countries have passed protective measures that will hurt Chinese exports.
Obama's remarks are interpreted as the United States has thrown the "China should reduce exports" issue before the G20 Pittsburgh summit. This is an even worse case for the export situation in which China has been heavily afflicted by trade friction. No matter what political considerations Obama has approved for China’s tires, it is undoubted that it has created a “bad precedent†for Sino-U.S. trade friction. When the results of the tire special protection case just came out, some experts expressed concern when interviewed by reporters that China may suffer more and more intensive trade protection in the future. Experts' concerns are turning into reality.
On September 17, the United States Steel Corporation, the largest steel company in the United States, submitted an application to the US Department of Commerce requesting the collection of up to 60% of anti-dumping and up to 30% countervailing duties on some steel pipe products imported from China. These steel pipe products are mainly imported steel pipes used in chemical, petrochemical, refinery and related businesses. On the previous September 9, the US Department of Commerce just announced the imposition of temporary countervailing duties on petroleum steel pipes imported from China, with a tax rate of 10.90% to 30.69%.
Affected by the tire special protection case, the U.S. textile group and the major textile workers' unions are also in close communication with each other to study the possibility of submitting 421 special insurance investigations to Chinese imported garments.
What is disturbing is that the bad influence of the special case of tire protection is not only confined to the United States. When China and the United States disputed the special case for tire protection, India has already launched a special case for Chinese tire protection, and Brazil has also made tire imports to China. Additional taxation measures. Subsequently, Argentina also announced that it would conduct anti-dumping investigations on car tires originating in China in reference to Brazilian practices. At that time, Brazil will not be excluded from the imposition of anti-dumping duties on tires produced by Chinese cars. Argentine and Brazilian officials also reached an agreement to launch a joint anti-dumping investigation of Chinese products. If Argentina sets a minimum reference price for footwear products from China, Brazil will adopt similar measures.
According to data from the World Trade Organization, in the first six months of this year, China’s merchandise exports reached 522.7 billion U.S. dollars, becoming the global export champion. Another data burst in the domestic media is equally embarrassing: As of now, 55 countries have passed protective measures that will hurt Chinese exports.
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