The motivation made Mr. Trump suddenly impose sanctions on China 0
(Dan Tri) – US President Donald Trump seems to have certain reasons for announcing that he will impose tariffs on China even when trade negotiations have just rekindled.
President Donald Trump (Photo: Getty)
According to trade observers, President Donald Trump’s announcement to impose a 10% tax on $300 billion in Chinese goods, starting from September 1, has little to do with Beijing’s `
Obviously, only the US leader and his senior advisors know the real reason behind the surprising threat of imposing tariffs on China, especially in the context of President Trump and the President of China.
“I think he (Donald Trump) is looking to increase pressure on China to reach a good deal.
“First of all, there is no guarantee that Mr. Trump will implement this tax.
After meeting with President Xi Jinping on the sidelines of the G20 summit in Japan, President Trump announced that China had agreed to buy more US agricultural products.
According to the truce agreement, the US temporarily suspended plans to impose tariffs on $300 billion of Chinese imports.
According to the latest data from the US Department of Agriculture, at least until July 25, President Trump was partly correct when he said that China has not yet started buying large quantities of US agricultural products.
“There are no large-scale deals as mentioned in the trade negotiations.
Meanwhile, China also canceled plans to buy a `significant amount` of pork from the US.
Chinese Ministry of Commerce spokesman Gao Feng said on July 1 that China’s private and state-owned companies have begun buying soybeans, pork and rice from the US, but China has not announced any changes.
Controversy over Chinese tax imposition
The two US-China negotiating teams met in Shanghai this week.
After President Trump’s tax warning, China was forced to choose between making concessions or responding to the US.
“The tariff escalation is the latest evidence that negotiations cannot lead to the quick results seen in May. After China refused to give in to US negotiators’ demands on politics
President Trump’s cabinet is said to be divided, with US Treasury Secretary Steven Mnuchin recommending that the White House should notify China before imposing new tariffs.
President Trump’s announcement about imposing new tariffs on China also caused division among trade observers.
According to Dan DiMicco, former chairman of US steel giant Nucor, Trump’s trade adviser during the 2016 election and a long-time critic of China, contrary to the views of most experts,
“The President should go further and increase tariffs from 10% to 25% on the remaining imports from China.
Meanwhile, Susan Aaronson, senior researcher at the Center for International Governance Innovation in Canada, said that `tariffs lead to further losses in the agricultural sector, pushing prices up, causing fewer jobs.`
Success
According to SCMP
