The trade winds between China and the United States may change, and some American experts have warned that the "full-scale trade war between China and the United States" is very bad and will lead to danger. Later, US Treasury Secretary Janet Yellen visited China and met with mainland economic experts. All kinds of signals indicate that the United States is trying to put the brakes on Sino-US trade.
U.S. experts warn that a "full-blown trade war between China and the United States" is bad
According to the Observer, Joseph Nye, a former senior official in the Clinton administration, said that China and the United States should engage in "controlled competition" and cooperate in some areas.
He said this against the backdrop of a critical period for the U.S. election.
He argues that if Biden wins, U.S. policy toward China is likely to remain unchanged, and that if Trump wins, the future of U.S.-China relations will be unpredictable, as Trump's policies tend to be elusive.
[Former U.S. President Donald Trump]
Speaking of which, it has to be mentioned that the Sino-US trade war began during the former US President Trump era, and the Trump administration was dissatisfied with a series of issues such as China's trade deficit, intellectual property protection, forced technology transfer, and industrial policy subsidies, and the United States adopted a series of tariff measures to correct what it considered to be unfair trade practices.
Trump's re-election this year could lead to a full-blown trade war due to his repeated threats of high tariffs on Chinese goods after taking office.
Therefore, he reiterated that a "full-blown trade war" between China and the United States is not a good idea.
Yellen's visit to China may be here for this
However, although the trade war was initiated by the Trump administration, the Biden administration has also continued this strategy, and now Biden intends to loosen some restrictions.
However, Biden's so-called relaxation of restrictions only applies to China's beneficial aspects to the United States, and the United States still wants to contain China in areas such as semiconductors and chips.
Therefore, the first negotiation between China and the United States was not reached, and now Biden has sent Yellen to visit China, hoping that China and the United States can reach a partial agreement on trade issues.
[U.S. Treasury Secretary Janet Yellen]
It is reported that Yellen plans to arrive in Guangzhou on April 4 and stay in China for five days, during which she will meet with Chinese officials and China's top economists.
Prior to her visit to China, she held a press conference, in which she mentioned that she would discuss issues related to the establishment of working groups between China and the United States in the economic field, the "Economic Working Group" and the "Financial Working Group."
Judging from this statement, Yellen's visit was still due to economic problems.
The United States is the world's largest economy and the leader of Western countries, China is the world's second largest economy and the largest developing country, and Sino-US relations are one of the most important bilateral relations in the world.
Last year, however, Yellen mentioned three principles of the U.S.-China economic relationship in her speech:
First, the United States is committed to protecting its and its allies' national security interests while protecting "human rights";
Second, the United States seeks to establish a healthy economic relationship with China and create a level playing field for American workers and businesses.
[U.S. President Joe Biden]
Third, the United States and China seek to work together on key bilateral and global issues.
This means that the United States is still arrogant towards China, and the so-called measures taken by the United States to improve the economic and trade relations between the two countries are to put pressure on China.
If Yellen's visit to China still adheres to this attitude, then China and the United States have nothing to talk about.
Both China and the United States believe that the hard brakes can be applied
It is also worth mentioning that on the eve of Yellen's visit to China, the US head of state had a telephone conversation with the Chinese head of state, and the US side promised not to seek a "new Cold War" with China and not to seek "decoupling" from China.
The Chinese side also said that if the United States is willing to carry out mutually beneficial cooperation and share the dividends of China's development, China's door will always be open.
This shows that both China and the United States are interested in putting the brakes on China-US relations.
[Chinese Foreign Ministry Spokesperson Mao Ning]
However, the U.S. government has always said one thing and done another, and the Chinese side has added that if the U.S. insists on suppressing China's high-tech development and depriving China of its legitimate right to development, we will not sit idly by.
In recent years, Chinese Foreign Ministry spokesperson Mao Ning has made it clear that the "wall of the world" cannot stop China's innovation and progress, and will also affect the healthy development of the global industrial chain, including the United States, in response to the U.S. suppression of Chinese companies on the grounds of "national security".
Mao Ning emphasized that the key to the growth of the semiconductor industry lies in openness and cooperation, and China is one of the most important semiconductor markets in the world.
It is not in the long-term interest of either party to artificially segment markets, destabilize global production and supply chains, and hinder efficiency and innovation. The United States should adhere to the principles of market economy and fair competition, and encourage enterprises of all countries to promote the development and progress of science and technology through healthy competition.
In short, China's attitude has always been the same, and the responsibility for the trough of Sino-US relations lies with the United States.
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