Preface
The mainland and the United States have always been in constant friction in terms of economy and trade.
In recent years, the United States has imposed many sanctions on mainland traders in an attempt to suppress and restrict the development of the mainland's economy and enterprises.
And Biden said in his recent campaign speech to the US president that he intends to significantly increase tariffs on the mainland.
Even the exaggerated increase has increased by more than 3 times, and this matter has caused a lot of discussion.
Naturally, in the face of such an "unreasonable" move by the US Government, the mainland also quickly counterattacked.
So, what exactly is the mainland's response, and how is the Biden administration targeting the mainland in terms of trade economy?
The Biden administration has once again raised tariffs on China
The election of the president of the United States is about to start in November 2024, so the election campaign is in full swing in the United States.
And Biden is also busy launching his own speech activities on all continents, trying to improve the success rate of his campaign.
According to the news released by Reuters, on April 17, Biden will launch his election campaign in Pennsylvania.
In addition, this state is also one of the continents where the US election is "fiercely contested".
And Pittsburgh in this state is even more known as the "steel capital", which shows the importance of the steel industry in this state.
Therefore, when Biden speaks to steel mill workers, he will announce an increase in steel and aluminum tariffs on China.
It is hoped that in this way, the domestic steel manufacturing industry in the United States can be protected.
After all, the continent's steel is in a leading position in the world.
In 2022, more than half of the world's steel production was produced, accounting for a staggering 53.9%.
In addition, China's steel and aluminum enterprises also focus on low-carbon manufacturing, and are in a leading position in 52 technologies in the world.
Therefore, in the face of the impact of China's steel and aluminum industry, the United States will increase tariffs.
The tariff has increased from an average of 7.5% to more than 25%, which means that it has tripled.
At the same time, this behavior of the United States is bound to affect the entry of mainland steel and aluminum into the American market.
In order to block the mainland's "back road", the United States also announced cooperation with Mexico to prevent Chinese steel and aluminum from evading tariffs by transshipment products to Mexico.
However, Biden's approach is controversial in the United States.
The Associated Press said that such a rash increase in tariffs is likely to bring inflation, which will have a serious impact on the U.S. economy and downstream businesses.
Recently, however, the United States seems to have sought to maintain a stable relationship with China.
But in terms of Biden's approach, even such an act could cause a diplomatic conflict, but he does not seem to care.
Moreover, for a long time, the US government has done a lot of suppression of the mainland's economy and trade.
In 2018, the United States has provoked economic and trade frictions between China and the United States.
So, what kind of trade wars has the United States waged against China?
The United States has repeatedly imposed trade sanctions on China
In recent years, this is not the first time that the United States has increased tariffs on mainland goods.
As early as 2018, when Trump was still the president of the United States, he imposed a large-scale increase in tariffs on mainland goods in accordance with the "301" investigation law of the United States.
At the same time, it also restricts mainland companies from investing in the United States.
In addition, it has also cracked down on companies in the mainland, especially against Huawei.
Huawei has not only occupied an international presence in the field of mobile phones.
Huawei's communications equipment is also in a leading position in the world.
However, for a long time, the United States has repeatedly suppressed Huawei on the grounds that it has endangered US information security.
Not only has a number of chip export controls been imposed on Huawei, but many companies around the world have also been required to prohibit the supply of important chips to Huawei.
Huawei is included in the U.S. Entity List, and Huawei is not the only mainland company on the Entity List.
At the same time, with the help of this reason, a "chip" war was launched against the mainland.
Such sanctions have also dealt a serious blow to Huawei's mobile phone industry.
But fortunately, Huawei has survived the US sanctions and broken through the US blockade on chips.
And the U.S. trade war with China is not just about sanctioning related companies and restricting their development.
At the same time, it is also reflected in the increase in tariffs on imported Chinese goods.
In 2019, the United States increased tariffs on 200 billion worth of Chinese goods by 10%.
And the trade war provoked by the United States has also caused a lot of controversy in the international community.
International economists believe that the US approach has had a great impact on the world trade order.
The negative impact of this approach has also spread to many developing countries.
In response to this US move, the mainland naturally will not sit idly by and make corresponding counterattacks.
We fought back
In 2018, when the United States increased tariffs on mainland goods, the mainland also adopted the same way of counterattack and reciprocal measures against American goods.
And on April 17, after the news that the Biden administration will increase tariffs on mainland steel and aluminum goods more than three times.
In less than 48 hours, the mainland took corresponding measures.
On April 19, the Ministry of Commerce of the People's Republic of China issued the judgment results of the anti-dumping case against propionic acid.
Judging from the news released by the Ministry of Commerce, the establishment of the anti-dumping of propionic acid in the United States has seriously affected the development of propionic acid enterprises in the mainland.
According to the mainland's "Anti-dumping Law", starting from April 20, the corresponding US companies will be charged a deposit, and the corresponding proportion has reached 43.5%.
Propionic acid is a very important chemical material, and it is also very widely used in the mainland.
The U.S. propionic acid occupies a large market in the mainland, and now that it is judged that the United States does have anti-dumping, its market in China will soon be occupied by other companies.
When the time comes, it will be more difficult for the United States to regain this market.
The mainland's steel and aluminum have already increased some tariffs when Trump was in office, so the market occupied in the United States is not large, accounting for less than 0.6%.
Therefore, any behavior that wants to endanger China's interests will eventually be countered by the mainland.
Resources:
Biden will announce that he will increase tariffs on steel and aluminum to China by more than 3 times(2024-04-17)
Guangming.com - Ministry of Commerce: Preliminary ruling on dumping of imported propionic acid originating in the United States(2024-04-19 )
What the U.S. Gets from the Trade War with China(2024-03-27)