Is it possible to win the U.S.-China trade war?
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- Опубликовано: 8 июл 2024
- A full-out trade war erupted between the United States and China during the Trump administration, increasing tariffs on Chinese imports in dozens of sectors and leading to rising business competition and costs to consumers. How has this ongoing trade war impacted everyday U.S. and Chinese citizens? And how will the Biden administration handle the current tariffs placed on Chinese goods?
KU Trade War Lab Director Jack Zhang joined the National Committee to discuss the national and global consequences of the U.S.-China trade war on May 7, 2024.
About the speaker: www.ncuscr.org/video/is-it-po...
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If you can make a product cheaper and better than what we can produce locally, then this is called unfair trade practice.
According to SCMP, Made-In-China 2025 has achieved 86% of its goals. In fact, some goals such as green energy and EV have exceeded by far. With less than 8 more months, Made-In-China 2025 will achieve its intended goals. Many of these achievements were actually accelerated by U.S. trade and technology sanctions.
When the US buyer imports goods subject to tariffs from China, they pay the tariff to the US government. This cost and any markup are typically passed on to the end consumer, meaning consumers ultimately bear the burden of tariffs through higher prices. The Chinese seller, however, does not directly pay the tariff; the importer in the US bears that responsibility.
China does not suffer the consequences of tariffs. The US consumers are being punished by having to pay higher prices.
In 2012, President Obama, as part of his plan to double the U.S. share of the world's solar panels from 5% to 10%, imposed tariffs of up to 249% on solar imports from China. In response, China retaliated by imposing import restrictions on polysilicon from the U.S. At the time, the U.S. held a 50% share of the global polysilicon market, which has since dropped to under 4%. The U.S. share of the world's solar panels has dropped to under 2%. China has promised to retaliate as strongly in response to new tariffs.
Sorry I’m a layman so I don’t understand all these trade war things. But never have I gone to a store to buy say a pair of shoes that cost $30. And I see who is selling me these shoes and find that I don’t like them so I said I don’t like you, here is $150 for the shoes. Why not just stop buying altogether?
US did same to Japan but that was a Trade walk over, not War
What is the percentage of steel /Aluminium import from. Less than 10%
The biggest Aluminium import is from Canada. That's is causing jobs in US.
Barking on the wrong tree. Just political.
great interview
There's no winner in a trade war and the outcome is who loses more. 😢😢😢
✌️✌️😃🇧🇷🇷🇺🇮🇳🇨🇳🇿🇦➕️😃👍👍
Doesn’t work for bommerang.
It’s a war between cheaters vs the being cheated
More trade just lets Xi build bigger military forces that puts Taiwan in more danger. Mexico makes infinitely more sense as a manufacturing partner as does bringing manufacturing jobs back to America. While China is in the window of opportunity to invade Taiwan is precisely the time we should be cutting trade and hoping their attention on internal matters keeps them from going Russia's path. China is increasing their military production and Russia has made military spending something like 35% of their budget while the West has not. North Korea and Iran probably make military spending 50% or more of their budget. If western civilization doesn't want World War 3 in the next 5 years we need to double or triple military production and fast. This is not the time to be doing any trade with any of the countries in the eastern axis.