Deutsche Welle tweeted today (Feb. 10) that the U.S. Chamber of Commerce said it was considering a series of penalties if China failed to meet negotiations on its "Phase One" procurement commitments

Deutsche Welle tweeted today (Feb. 10) that the U.S. Chamber of Commerce said the Biden administration is considering a series of penalties if negotiations on China's unfulfilled "Phase One" procurement commitments fail, including restarting trade investigations against China, which could result in tariffs on Chinese goods.

comments:

The Sino-US trade relationship is currently in a difficult stage, and the US-China trade war is likely to become a protracted war. The United States said that China has only completed 57% of the amount of goods it has committed to buying from the United States, so it is considering imposing new tariffs on China. Meanwhile, the Biden administration is under pressure from Congress not to expand tariffs on China, which are hurting U.S. businesses and exacerbating supply problems and driving up prices.

Pandemic factors have had an impact on the implementation of the Phase I purchase agreement. As for some specific problems arising in the economic and trade between the two countries, the two sides should properly resolve them in the spirit of mutual respect and consultation on an equal footing, rather than threatening to expand the trade war at every turn.

In the context of Sino-US strategic competition, the US trade and economic policy toward China has succumbed to geopolitical and national security priorities, and some US politicians have achieved their political goals by exaggerating the threat of national security, and the US-China trade war is likely to become a protracted war.