Sources: All information stated in this article is based on reliable information, and is summarized at the end of this article.
Treating Huawei as a "threat" and placing 37 Chinese entities on a trade blacklist.
Even according to Bloomberg, the Biden administration will announce another key strategic tariff measure against China on the 15th.
Although the Chinese side bluntly said that the United States is making more mistakes than mistakes, Yellen has boldly and bluntly said that it is only to create good jobs and improve the supply chain.
The United States will increase tariffs on China and answer it in a grand manner, and the United States can be said to have reproduced its "hegemonic" face.
Frequent hype about the "China threat"
The United States has been hyping up the "China threat" for a long time, and as long as the word China is involved, the United States has a lot of thoughts, from military weapons to the economy.
However, 2024 is only about five months away, and the United States is frequently attacking the "economy" in China.
"Decoupling and breaking the chain with China" has been shouted loudly by the United States since before US Treasury Secretary Janet Yellen's visit to China in April this year.
Biden issued an executive order in August 2023 authorizing the U.S. Treasury Secretary to prohibit or restrict U.S. investment in Chinese entities in semiconductors, quantum information technology, and artificial fields.
It can be said that since this time, the United States has been "suppressing China's economy", which is why Raimondo's visit to China in September 2023 to "promote the development of China-US trade and economy" shows the "two-facedness" of the United States.
While affirming China's economic development, it also claimed that the United States would not sell the most advanced chips to China.
The "two-facedness" revealed by the United States was still evident during Yellen's visit to China in early April this year, on the one hand, shouting to promote Sino-US economic cooperation, but also revealing its determination to "decouple from China".
Trying to be unwilling to give up the big fish of China's economy, and unwilling to stop suppressing China, the United States is still in such a posture even if Blinken comes to China again.
"Both want and want" to restrain China with no bottom line, but it is obvious that the reason why the United States has successively suppressed China is to make the United States clear that the current China is a "difficult to bite" bone.
The original intention was that as long as there was an unrestricted crackdown on China, as well as restrictions on overseas investment by Chinese companies, sanctions on Chinese chips, suppression of TikTok, and tariffs on China's imports of green energy technology, etc., China could be "obediently compliant".
However, it is clear that China today does not lose the export of the US economy and cannot "grow independently", and it is the United States that needs China more now.
The United States has reproduced its "hegemonic" mentality
The term "overcapacity" has become a high-frequency word in foreign media since Yellen's visit to China in early April, and Yellen mentioned it five times when she attended an event hosted by the American Chamber of Commerce in China.
In the eyes of the Biden administration, Yellen's actions are clear because the so-called "overcapacity" of China-related companies has disrupted global prices, thereby harming the interests of American companies and workers.
The United States' use of American workers as a shield to pressure China to make adjustments to relevant policies can be described as a "villain's act", and international netizens are also choking on the hypocritical "double standards" of the United States.
However, despite the continued international condemnation, it still can't stop the United States from suppressing China, and Raimondo claimed on the 8th that the United States may take "extreme measures" to ban Chinese Internet cars from entering the United States.
It is not shy about revealing that it expects the United States to complete the formulation of rules for imposing restrictions on foreign investment in China by the end of 2024.
It can be said that in order to sanction the development of China's electric vehicles, the United States has made full efforts this time, and foreign media claim that this is the first time since the U.S. government launched an investigation in February, the United States may issue a ban on China's connected cars.
Although the United States actually imports relatively few Chinese-made light vehicles, it is still difficult to resist Biden's repeated statements that he will take action to prevent large imports of Chinese cars.
And on the 9th, the United States added 37 Chinese entities to the trade restriction list on the grounds of so-called "threats to national security", and the purpose of the United States this time is very direct, and the U.S. Department of Commerce bluntly said that it is to crack down on those so-called "companies that try to obtain American products to advance China's quantum technology capabilities".
The so-called reasons of the United States have made the outside world scoff, and the Ministry of Foreign Affairs of the mainland has also openly and resolutely opposed the US actions on many occasions, but the United States still goes its own way.
Bloomberg reported on May 10 that a person familiar with the matter revealed that the Biden administration is preparing to announce a tariff measure for China's key strategic industries on the 15th, which involves targeted tariffs on electric vehicles, batteries and solar equipment.
It is even more clear that this decision is the result of an assessment and review of tariffs on China during the Trump administration.
Since the United States has taken action against China one after another, the Chinese Foreign Ministry has once again stated that China will take all necessary measures to defend its rights and interests.
The United States has been in a hurry to suppress China and even violated WTO trade rules, and has even brazenly continued to politicize economic and trade issues in order to abuse the so-called Section 301 tariff review procedure to realize its desire to increase tariffs.
We have measures to fight back, but the Biden administration is in such a hurry that it still shows its "panicked heart".
The United States has always been aware of the game with today's China, the United States does not have a bargaining chip for complete victory, and China today has strong economic and technological strength.
Shortly after the United States revoked Qualcomm Intel's export license to China a few days ago, the stock prices of Qualcomm and Intel fell again, and Intel's stock price has fallen nearly 38% since the beginning of this year.
To contend with today's China, the United States does not have complete strength.
Moreover, at present, the U.S. market is rising strongly due to the dollar, even if it does not hesitate to sacrifice the allies to launch a trade war, it is difficult to make the U.S. currency market have signs of balance, and even foreign media bluntly say that the U.S. "hegemonic" behavior has pushed the trade market to a peak that the United States has rarely encountered in 40 years.
At this time, it also coincided with the year of the U.S. election, and the Biden administration, which had little chance of winning, also aimed at "imposing tariffs" and continued to strengthen the "politicization of trade" to strengthen "hegemony".
On May 9, Yellen, who was interviewed, continued to say that she believed that the competition between the two sides was unfair and that China was massively subsidizing areas that were critical to economic development.
But when asked about the fact that the U.S. government is also investing a lot of money in this, Yellen said that this does not mean that the United States wants to be the only country in the world that supplies these products, but that the United States wants to create good jobs and allow people to make a difference in the industry, and at the same time for national security and supply chain resilience.
Yellen's intention to tell the outside world that the imposition of tariffs on China is only to promote the development of the "United States" itself, and China should not make a huge reaction to this, and Yellen did not say a word about the demand for the removal of China's tariffs.
On May 13, Hua Chunying forwarded "translation": Translate, you can see that the United States will support American industry through subsidies, because it is still strategic, but when others do it, it is unfair competition.
The "double standard" behavior of the United States is undoubtedly revealed, but the Biden administration is difficult to get the votes of the American people at the moment, and it is in chaos, with senior US officials "demonstrating" against China one after another, and the US government trying to "bring down" China by imposing tariffs, and the illusion of the United States is finally an illusion woven by itself.
Resources:
Hua Chunying "translated" Yellen's remarks, breaking the truth of the double standard of the United States in one sentence!
Yellen defended that "the United States does have subsidies, but...", Hua Chunying "translated" the American-style double standard online - Observer.com
Will the United States announce its decision to impose tariffs on China next week? Ministry of Foreign Affairs: The US side is making more mistakes than mistakes
Raimondo claimed that the United States could take "extreme measures" to ban Chinese connected cars from entering the United States, as China has previously stated
The Biden administration has added 37 Chinese entities to the list of trade restrictions, and the Ministry of Foreign Affairs: China firmly opposes it