Views: 0 Author: Site Editor Publish Time: 2021-05-21 Origin: Site
2018 friction
Trade frictions continued throughout the year. In fact, as early as August 2017, U.S. President Trump ordered an investigation into whether China infringed American intellectual property rights in accordance with "Section 301" of the U.S. Trade Act.
On January 22, 2018, the United States imposed a global safeguard tariff on imported solar panels and washing machines, also known as the "U.S. First" tariff. On April 16, the U.S. Department of Commerce announced that it would prohibit American citizens from selling parts, products, software, and technology to ZTE for 7 years. Subsequently, Huawei was also investigated.
On May 20, at around 2 am Beijing time, Xinhua News Agency announced that after two days and two nights of fierce gaming, a new round of Sino-US consultations ended, and China and the United States subsequently issued a joint statement. However, less than a month after the joint statement was issued, the U.S. unilaterally tore up the statement. On June 15, the U.S. government released a list of goods subject to additional tariffs. It will impose 25% tariffs on approximately US$50 billion imported from China. The additional tariffs on approximately US$34 billion of goods have been implemented since July 6, 2018, and the public opinion has been solicited for additional tariffs on approximately US$16 billion of goods.
On September 24, 2018, the United States imposed a 10% tariff on US$200 billion worth of Chinese exports to the United States. The Trump administration stated that the tariff rate will be increased to 25% from January 1, 2019.
The incident came to a turning point at the end of 2018. On December 1, during the G20 summit in Argentina, China and the United States reached an agreement to suspend the levy of new tariffs. Trump agreed to postpone the implementation that was originally scheduled to start on January 1, 2019. A plan to increase tariffs on Chinese goods exported to the United States of US$200 million.
On the other hand, this year, the world's first national-level expo with the theme of imports-the "China International Import Expo" was held in China.
