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[NewDynastieTangheuredeBeijingJuillet192018] The Sino-US trade war began, Beijing announced that it had stopped negotiations, but the United States revealed that the two sides are still in contact. The White House's economic adviser said that President Trump was "very dissatisfied" with the negotiations and therefore continued to press, while the US Treasury Secretary has publicly stated that he is waiting for the Chinese to make concessions. . Chief Economic Advisor to US President Kudlow said on July 18 in New York that he felt that Trump was "very dissatisfied" with so-called trade talks between the United States and China and that he therefore continued to press. He himself also supports Trump's approach.
On July 6, the United States formally launched the first round of tariff measures for US $ 34 billion worth of Chinese goods and, on the 10th, announced a list of proposed tax increases for $ 200 billion worth of Chinese goods. .
million. Kudlow said that the average US tariff rate is about 2.5%, while China is about 14%, which is why the CCP must lower the tariff barriers. Kudlow also said that Beijing still retards competition, but overall, China still hopes to reach an agreement.
In addition, Kudlow is also very optimistic about the US economic trend, showing the White House's confidence in the Sino-US trade war.
He said that the US economy grew by almost 3% and that it will climb by 4% in "one season or two seasons", which is much better than the level of the last decade. To stimulate economic growth, the US government plans to implement a new series of tax cuts, which will "add millions of people to the labor market."
According to the Taiwan Central News Agency, at the G20 finance ministers' meeting, US Treasury Secretary Menuchin did not meet with the Chinese authorities, saying that the United States United were waiting for Beijing's position after the trade war.
The meeting of the G20 Finance Ministers is held in Argentina from the 21st to the 22nd of this month. US Treasury officials said Manuchin has organized more than a dozen bilateral and informal talks, but he does not think it is necessary to meet with Chinese officials. Menuchin said that if Beijing wants to take the first step, he has time.
The report states that both the United States and China have expressed their intention to resume trade negotiations last week, but Maynuchin said Beijing must engage in deeper economic reforms.
The Finance Ministry official said that Menuchin had a lot of contact with China, but did not specify the details. The official also said that the CCP's commercial behavior is an economic aggression.
US Treasury officials also revealed that with the G20 Finance Ministers and Central Bank Governors meeting, the G7 will also hold a meeting of finance ministers. At that time, the seven countries will discuss the issue of excessive subsidies granted by the Chinese government to domestic companies, stating that the United States will unite its allies and continue to put pressure on Beijing.
Previously, the US side had conducted three rounds of negotiations with Liu He, Chinese Vice Premier of the State Council in charge of Trade, Finance and Technology. However, high-level trade talks between the United States and China have been suspended since June. The CCP officially declared that it was refusing to negotiate.
The United States submits that the unfair trading practices of the CPC over the years, including the closure and monopoly of the domestic market, the inconsistency of tariffs and the theft of US intellectual property rights, have harmed the US economy. Beijing, on the other hand, calls the United States "trade protectionism" and attacks Trump's trade measures "by rationality".
(Reporter Li Jie Report / Editor: Ming Xuan)
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