The First Time The Chinese Side Announced The Tax Increase Exclusion List, The Experts Stressed That The Adjustment Should Be Based On Me.

On the 11 day, the Customs Tariff Commission of the State Council of China announced the first batch of first excluded list of tariffs for us and Canada. The 16 commodities on the list will no longer be added to the tariffs imposed by the Chinese side on the 301 measures against the United States. Since the trade war, China has taken counteraction measures against thousands of American commodities, which account for only a small part of the 16 commodities, and do not include the "big exporters" especially concerned by soybeans, such as soybeans. But this is the first time that the Chinese side has taken measures to eliminate US tax goods, which soon aroused heated discussions among US media. Some believe that this is a "small olive branch" extended by China before the next round of negotiations, while others think it shows China's intention to prepare for a long-term trade conflict through "fine-tuning". Chinese experts interviewed by the Global Times reporter suggested that the move shows China's rationality and will not be ignored because of the trade war, but will be adjusted according to its own interests. Prior to this, the United States also published a number of lists of Chinese products excluding tax increases as required. "In the case of trade frictions, China tries to reduce the negative impact and impact of domestic enterprises, and try to avoid" killing one thousand of the enemy by eight hundred, "which is a responsible approach. Bai Ming, deputy director of the International Market Research Institute of the Ministry of Commerce, said to the "Global Times" reporter.

"Little olive branch"?

The Customs Tariff Commission released by the State Council announced on Wednesday that there were two exclusions for us and Canada's tariff products. The first list included 12 kinds of commodities, including shrimp seedlings, lubricants, mineral oil and anticancer raw materials, and the list two included 4 items, such as whey and release agents for feed. The implementation date of the two list of goods not to be added to customs duties is from September 17, 2019 to September 16, 2020. The difference is that the import commodities can be applied for refund of the already added customs duties, and the tariffs added on listing two are not refundable. The announcement also said that next step, the State Council Tariff Commission will continue to eliminate tariffs on commodities in the US and Canada, and timely publish the list of subsequent batches.

Agence France-Presse said 11 days ago that before the new round of trade negotiations was held, China announced that it would exempt the 16 US products from tariffs. This list marks the first time that Beijing has ruled out some tariffs. Trade negotiators said earlier that they would meet in Washington in early October, which increased hopes for easing tensions between the world's two largest economies. Reuters stressed that excluding the list of us bulk exports of soybeans, corn and pork, "compared with more than 5000 kinds of American goods, China has imposed only a small number of products on the list."

"China spreads out its small olive branch", and the Washington Post makes such an interpretation. The article thinks that before the two sides hold the next round of consultations, this is considered a "goodwill expression". The New York Times, who made similar interpretations, also believes that the main consideration of China's initiative is its own interests. The article said that the Chinese government believes that some products including anti-cancer drugs are very important. China has made drug innovation a national priority, but compared with other industries, China's drug research and development is still in its early stage.

The The Associated Press said that the Chinese exclusion list, which was released on the 11 day, mainly included raw materials in agriculture or manufacturing, indicating that Chinese leaders hoped to reduce the damage to their industries when the economic growth slowed down. Beijing has also increased tariffs to avoid hitting processor chips and other US technologies needed by China's industry. The article argues that "this move further demonstrates that the two governments may be able to cope with long-term conflicts by fine-tuning import controls and seeking to replace export markets and suppliers".

The United States has released the list of exemption many times.

Bai Ming told the Global Times reporter that according to the "trial method for the removal of tariff commodities in the United States and Canada", the applicant should have three reasons for seeking to fill in the report: it is difficult to find alternative sources of goods, impose tariffs, cause serious economic damage to the applicant, and impose tariffs on the related industries, resulting in significant negative structural effects or serious social consequences. Judging from the first batch of excluded list, the purpose of China's doing so is to minimize the impact of Sino US trade friction on domestic enterprises, which is a responsible way to protect the development of related industries and the vital interests of the people.

Bai Ming believes that the Chinese side has also released some positive signals objectively, because some goods from the United States will be exempt from being imposed on tariffs. "We hope that the US side will adhere to the principle of resolving bilateral trade disputes through negotiations, instead of unilaterally upgrading trade frictions and ultimately damaging the interests of enterprises and peoples of the two countries".

The United States has also previously exempted some tariffs on some Chinese products according to its own circumstances. In July this year, the US government announced the exemption of high tariffs on 110 Chinese products, from medical equipment to key capacitors. At the time of the Reuters, the office of the US trade representative had waiver more than 1000 kinds of Chinese made goods last year.

Bloomberg said 11 days ago, since last December, the United States Trade Representative Office has announced the 6 batch of tariff exclusion list for the first batch of US $34 billion Chinese products to levy tariffs. The Chinese government began accepting tariff exemption applications in May this year, which is the first time to specify which products are excluded.

Trade war to lower Trump poll

With the new round of negotiations coming soon, the US officials have also been making frequent moves recently. On the 9 day, Mnuchin, the US Treasury Secretary, said that the United States and China had reached a "conceptual" consensus on how to implement the agreement. On the 10 day, Navarro, the hawkish director of the White House National Trade Commission, made an excuse for the us to impose tariff policies, urging investors and the public to be patient in resolving the Sino US trade disputes.

Some of the words used by the us when defending the trade war are "China pays for customs duties", but in public opinion, this is not true at all. YAHOO news network 11 said that President Trump said he was "winning the victory against China". But in fact, the trade war is hitting the US economy and this damage may be aggravated. Moodie estimates that the trade war with China has reduced the United States by 300 thousand jobs. Moodie analysis chief economist Mark Zandi said that if the policy is not changed, by the end of this year, the number of jobs that will be reduced by trade war will be around 450 thousand. According to the current situation, by the end of 2020, the trade war will lead to the loss of 900 thousand jobs in the United States.

"Polls show that Trump's approval ratings dropped by 6 percentage points due to concerns about the economy," he said. The United States congressional Hill newspaper reported that the joint opinion polls released by American Broadcasting Company news network and Washington Post on 10 showed that Trump's approval rate dropped from 44% in July to 38%. The survey also found that 46% of Americans support Trump's handling of the economy, while only 35% support his performance in trade negotiations with China. Meanwhile, 43% of Americans said that the impact of Trump's economic policy will exacerbate the possibility of economic recession, 60% of Americans believe that next year there may be a recession, and 60% are more worried that the Sino US trade dispute will push up prices. After the publication of the polls, Trump attacked repeatedly.

"The US side has repeatedly said that China intends to wait until the 2020 election to reach a more favorable agreement for China. Is that what China wants?" Hua Chunying, spokesman of the Ministry of foreign affairs of China, said at 11 when asked about this issue at the press conference, "is this statement consistent with reality? I believe you have an answer in your heart." China's position, attitude and Practice on Sino US economic and trade issues are consistent. We never want to fight trade wars. We hope to achieve mutually acceptable and mutually beneficial solutions through consultation on equality and mutual respect. I hope the US side will show the same sincerity and integrity.