Despite Beijing’s call for their treatment at recent top-level bilateral conferences in Beijing, the United States is not going to cancel the extra taxes imposed on Chinese goods. However, after a review, it may try to make them more” proper.” & nbsp,
The US Trade Representative ( USTR)’ s Office is conducting a four-year review of the Section 301 tariffs the Trump administration imposed on Chinese imports, US Commerce Secretary Gina Raimondo announced to CNBC on Tuesday. The taxes, according to her, could have been much more tactical. & nbsp,
” Those taxes weren’t put in place. They don’t seem to make much sense in some situations, Raimondo said. However, until that assessment is finished, I don’t believe the Biden administration may change anything.
It would be acceptable to anticipate the conclusion of the continuous evaluation on the taxes by the end of this year, according to Deputy US Trade Representative Sarah Bianchi in May. & nbsp, On August 28, during their meeting in Beijing, China’s Commerce Minister Wang Wentao expressed grave concerns to Raimondo regarding the Section 301 tariffs.
According to Shu Yuting, a spokeswoman for the Commerce Ministry,” the US Section 301 tax measures against China have lasted for five years, really slowing the development of bilateral trade between China and the US, adding extra burdens on companies and consumers in the two countries, disrupting international trade order and affecting the stability and security of the world economy.” & nbsp,
According to Shu,” The World Trade Organization has categorically ruled that the US Section 301 taxes violate WTO principles.” ” Cancelling all further tariffs on China is advantageous to the US, China, and the rest of the world.”
After a Section 301 research revealed that China was forcing British businesses to move sensitive technologies to conduct business and misappropriating US intellectual property, the Trump administration imposed tariffs on thousands of imports from China valued at about US$ 370 billion in 2018 and 2019. & nbsp,
On August 3, Raimondo informed the internet that while the US will continue to sell China billions of dollars’ worth of chips annually, the vast majority of those chips won’t be of the cutting-edge range. & nbsp,
She declared,” We won’t sell China the most cutting-edge National cards they need for their military capabilities.”
According to her, selling some chips to China will eventually bring in money for American companies to use for R & amp and D research and development.
According to a Hubei-based author, Raimondo’s remarks does allow China and the US to talk about the restrictions put in place by the Biden administration in an article posted on Wednesday by Henan Broadcasting System. & nbsp,
However, he also claims that Raimondo finds it challenging to resist the sway of some US officials who are anti-China. & nbsp,
According to the author,” anti-China” has long been the pinnacle of political correctness among Washington politicians — to the point where all senior US officials who have recently visited Beijing have been forced to adopt a more stern stance against China. Senior officials are all under the control of the” anti-China” public opinion they have created, making it impossible for the US government to make wise decisions in this situation.
According to that author, America’s approach to China will continue to be impacted by the escalating social conflict between Republicans and Democrats.
Tit for tat: The accounts from Beijing
China’s important national network operators are prohibited from buying products from Micron Technology on May 20 because the US device maker poses system security risks, according to the Cybersecurity Review Office, a division of the Chinese Cyberspace Administration. Micron’s refusal to spend in China was criticized by some Chinese critics. & nbsp,
Micron announced on June 16 that it would spend$ 603 million in its check presentation facility in the city of Xian over the coming years.
According to Chen Feng, a journalist at Guancha.cn, Raimondo wanted China to finish buying the Boeing 747 Max aircraft it had ordered and lift its sanctions against Micron Technology, but she has so far fallen short of these objectives. & nbsp,
After Huawei unveiled its premier cellphone Mate60 Pro last year, which uses its own Kirin 9000s device, Chen claims that China has gained negotiating leverage in the chip battle against the US. He claims that Huawei may have created its high-end chip using the goods of Empyrean, a manufacturer of electronic design automation ( EDA ) software in China.
Raimondo and Wang met for four hours in Beijing on August 28. A working group for corporate issues and an information exchange platform for export control enforcement were both agreed upon by both parties.
On August 29, Vice Premier He Lifeng assured Raimondo that he would work to” enhance discussion and expand participation” between China and the US. Beijing seemed to want to put the device war behind it and talk to the US about another trade issues at the time.
However, Huawei started selling its Mate60 Pro on the same day. The central processing unit of the phone, according to research firm TechInsights, was created by SMIC using N 2 technology. & nbsp,
According to some researchers, TechInsights’ results may cause the US Congress to suggest more severe sanctions against China and encourage the authorities to tighten its sanctions. & nbsp,
Before making any more comments, US National Security Advisor Jake Sullivan stated on September 5 that the US government was interested in learning the specifics of the Mate60 Pro production approach.
The US should” rely on national security issues, not the broader issue of corporate coupling ,” he continued.
Read: SMIC & nbsp creates 7nm chips by avoiding US curbs.
@ jeffpao3 Follow Jeff Pao on Twitter at & nbsp.