China'S Tariffs On US $60 Billion Products Are Still Open.

　　 China refuses to unilaterally threaten the US side to negotiate on an equal footing.

[8 3, the Chinese Ministry of Commerce announced that the Chinese side decided to import 5207 tax items from the United States to about 60 billion US dollars in accordance with the tariff rate of 5%~25% at four different rates. ]

American Trade Office Representative (USTR) lettlet said in August 1st that President Trump had instructed him to take action to increase tariffs on Chinese products worth 200 billion US dollars, from 10% to 25%.

In August 2nd, Chinese Foreign Ministry spokesman Geng Shuang said at a regular press conference: first, we advise the US side to take a positive attitude and not to try to blackmail anything. This will not work for China. Second, we urge the US side to return to reason and not to be too angry, because it will eventually hurt themselves.

A spokesman for the Ministry of Commerce said that the United States not only ignored the interests of the whole world, but also ignored the two handed tactics that China played with both sides in the interests of ordinary farmers, entrepreneurs and consumers. This strategy would not have any effect on China, nor would it be disappointing to the countries and regions in the world that opposed trade wars.

Zhou Shijian, a senior researcher at the Sino US relations research center of Tsinghua University, told the first financial reporter that 2/3 of China's exports to the United States belonged to consumer goods, while the United States now basically relies on imports for its daily consumer goods. When it is taxed, it is impossible for the United States to exclude all of these commodities. The tariff added to the importers of the United States will eventually pass the cost to the American consumers, which will inevitably bring about a sharp rise in the prices of daily consumer goods in the United States.

Chinese counterpart: impose tariffs on US $60 billion products

In August 3rd, China's Ministry of Commerce announced that the Chinese side decided to levy a tariff of 5%~25% in accordance with the 5207 tariff rates of 60 billion dollars imported from the United States according to the four rates. China's differential tax rate measures are rational and restrained. It is put forward after listening to opinions and seriously assessing the impact, especially considering the welfare of the people, the affordability of enterprises and the maintenance of the operation of the global industrial chain. The date of implementation of the tax measures will depend on the actions of the US side. China reserves the right to continue to introduce other countermeasures.

A spokesman for the Ministry of Commerce said that China always believed that consultation on the basis of mutual respect, equality and mutual benefit is the effective way to resolve trade disputes. Any unilateral threat or blackmail will only lead to intensification of conflicts and harm the interests of all parties.

China once again emphasizes that the United States has to take the necessary counter measures to safeguard the dignity and interests of the people, defend the free trade and multilateral system and safeguard the common interests of all countries in the world because of the fact that the United States has repeatedly escalate the situation in spite of the interests of both enterprises and consumers.

Yang Zhiyong, a researcher at the financial and Strategic Research Institute of the Chinese Academy of Social Sciences, told the first financial reporter that according to the list of tariff commodities that the Ministry of Commerce announced for us and Canada, it should be determined according to the size of the impact. For example, 5% of the list of commodities is closely related to people's lives, such as medicine, and many other intermediate products that can not be separated from industrial production, while many of the 25% list are agricultural products.

Yang Zhiyong pointed out that this is not an easy choice. After countering, it will have an impact on China's domestic consumption upgrading. Tariff war This is it. If there is no surplus in Sino US trade, the equal amount will be enough. If there is a surplus, we have to consider the impact on the country, so we can only adopt a diversified tax rate. In other words, the United States levy 25%, China should have been 25%, but we should consider the impact on domestic production and people's lives.

American consumers will feel the price rise.

The USTR said in its statement that the hearing deadline will be extended to August 13th, while the deadline for written comments will be postponed from August 30th to September 5th.

According to the schedule announced by USTR earlier this month, 20~23 is scheduled to hold a public hearing on the Levy of 200 billion US dollars on goods exported to the US. It is reported that the product that will be included in the scope of taxation is not much related to the high-tech products pointed out in the "301 survey". The list includes food, chemicals, steel and aluminum and a wide range of consumer goods.

Zhou Shijian told the first financial reporter that the US $200 billion consumer goods account for a large proportion of China's consumer goods, and its substitutability is very limited. If calculated in 2016, the United States imports 86% of China's imports from toys and 61% of travelling bags. footwear Accounting for 60%, furniture accounted for 44%. Textiles and garments Accounting for 37%, electromechanical products accounted for 27.1%; in addition, notebook computers and tablet computers accounted for 94%, digital cameras accounted for 40%, household color TV accounted for 27%, and the United States could not exclude all these commodities.

Zhou Shijian said that this is different from the current effect of steel and aluminum tariffs. If the tax increases really, most consumers in the United States can immediately feel that "as long as the announcement is made, the prices of US consumer goods and so on will all rise."

Zhou Shijian believes that this is the Trump side using greater bet to pressure China, trying to make China sign the alliance under the city, "to withstand pressure, the United States will not succeed."

The door for negotiations remains open.

Wei Jianguo, the Secretary General of the China International Economic Exchange Center and former Vice Minister of Commerce, analyzed the first financial reporters, saying that this is a long-term battle and a positional battle, but the war of group wars still depends on the negotiation between the two sides.

Cui Fan, director of the research department of the China World Trade Organization Research Institute and professor of University of International Business and Economics, told the first financial reporter that the measures taken by the US side were rather bad. The Chinese side had no choice but to resist the need for long-term cooperation between China and the United States. A tough stance is aimed at the US's measures to sabotage WTO rules, and part of its willingness to negotiate is aimed at some of the demands of the US side.

Wang Yi, Minister of foreign affairs in Singapore, said that the current Sino US relations are at a critical node. As a permanent member of the UN Security Council and the world's top two economies, the trend of Sino US relations is related to the well-being of the peoples of the two countries and the peoples of the world. We always believe that cooperation is the only correct choice for China and the United States, and it is also the general expectation of the international community. Confrontation will inevitably lead to double lose, and it will also damage world peace, stability and development. On the basis of mutual respect and equality, the two sides should, through dialogue and consultation, control differences and solve problems, and guide Sino US relations to develop along the right track.

US Secretary of state Pompeio said the US China relationship is very important. The US hopes that both the US and China will succeed and will not obstruct China's development. The US side will continue to adhere to the one China policy and will not change it. The two sides should continue to work together to strengthen communication and cooperation on important issues such as the Korean Peninsula nuclear issue.

According to CCTV, Wang Yi met with Pompeio after meeting with Singapore. Wang Yi said that we have reached a consensus in the general direction. China stated its clear position. We are willing to resolve issues of mutual concern with the United States through negotiations on the premise of equality and mutual respect. He also agreed with this direction and said he did not want the current frictional situation to continue. Secretary Peng PONO also reiterated U.S.A The Chinese side will adhere to the one China policy, and this position has not changed.