China cleverly targets USA red states in trade fight

Remigio Civitarese
Aprile 16, 2018

In an aggressive response, China announced that the US had violated World Trade Organization regulations, and announced that it would impose tariffs ranging from 15 to 25 percent on 106 USA exports, including fruits, nuts, soy, wine, liquor, steel/aluminum, vehicles, and pork products.

A major smog indicator in China's industrial Beijing-Tianjin-Hebei region rose by more than a quarter in March, the Ministry of Ecology and Environment said on Friday, raising concerns that pollution is increasing with the end of winter output restrictions.

"We have repeatedly told the USA side that steel and aluminum imports from its ally Japan will not adversely affect America's national security, and that Japan should be excluded", said Chief Cabinet Secretary Yoshihide Suga.

China retaliated and proposed similar duties on the U.S. goods.

Equipment such as solar panels, mapping sensors and electric-battery rechargers are being embedded in the 1,080 meter-long stretch of road, according to a report in Bloomberg this week.

In the past, the Chinese refused to trade with the outside world, and kept foreigners out.

China's outbound direct investment (ODI) saw a drastic decline in 2017 amid government efforts to curb irrational overseas investment.

The overall US trade deficit with the rest of the world stands at more than $566 billion overall.

Treasury estimated that South Korea had bought $10 billion worth of foreign exchange reserves from November 2017 to January 2018 but added that Seoul "should limit currency intervention to only truly exceptional circumstances of disorderly market conditions".

So, the question is this: Why is the Trump administration trying to fight a trade war to restore smokestack industries in steel and coal production instead of moving into high-level technology too?

"With the number of scientists China is training every year it will eventually catch up, regardless of what the U.S. does", said David Shen, head of IP for China at global law firm Allen & Overy.

The most severe issue developed in 2005.

In this photo released by Xinhua News Agency, Chinese President Xi Jinping, left, speaks after he reviewed the Chinese People's Liberation Army Navy fleet in the South China Sea. The US produces many more researchers per million - at 4,321 - but that is more than offset by China's population being about four times the size. Accordingly, Trump administration wants to use the $50 billion's tariff for achieving other goals as well. "I just think it went really fast for a while and now we're just slowing down a little bit".

In the Chinese regime's 13th Five-Year Plan (2016 to 2020) unveiled in 2016, the state also proposed building a high-speed rail tunnel connecting Beijing to Taipei, the capital of Taiwan.

Secondly, traditional American industries such as defence and agriculture, are facing serious problems. And over the next few weeks, hundreds of Chinese knock-offs based on stolen American technology will have a 25 percent tariff imposed on them.

"I ordered the United States armed forces to launch precision strikes on targets associated with the chemical weapon capabilities of Syrian dictator of Bashar al-Assad", the US President was quoted as saying by CNN. However, China is highly unlikely to accept cease subsidies for "Made in China 2025". During this period, the Chinese government is likely to support domestic demand further and will keep eliminating outdated steel capacity.

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