Hours ago, President Trump, acting under the authority of Section 301 of the Trade Act of 1974, instructed U.S. Trade Representative Robert Lighthizer to consider the imposition of tariffs on $100 billion of Chinese goods.
"We are not in a trade war with China," President Trump tweeted Wednesday morning.
What looks like a trade war is really a struggle for the control of the technologies that will dominate coming decades.
The trade war narrative seems at first glance to fit the facts.
On March 8, the United States, pursuant to Section 232 of the Trade Expansion Act of 1962, imposed tariffs on steel and aluminum from China and other countries.
As Neil Irwin of The New York Times wrote Thursday referring to China, "a trade war with such a major trading partner is without precedent in modern times."
President Trump, whether he ends up in a trade war or not, has zeroed in on the core of the competition between China and the U.S. Lighthizer's proposed tariff list Tuesday includes duties on some mundane items but especially goes after the Chinese aerospace, information and communications tech, and robotics sectors.
https://www.thedailybeast.com/trumps-right-to-say-hes-not-launching-a-trade-war-with-china-hes-doing-something-bigger
"We are not in a trade war with China," President Trump tweeted Wednesday morning.
What looks like a trade war is really a struggle for the control of the technologies that will dominate coming decades.
The trade war narrative seems at first glance to fit the facts.
On March 8, the United States, pursuant to Section 232 of the Trade Expansion Act of 1962, imposed tariffs on steel and aluminum from China and other countries.
As Neil Irwin of The New York Times wrote Thursday referring to China, "a trade war with such a major trading partner is without precedent in modern times."
President Trump, whether he ends up in a trade war or not, has zeroed in on the core of the competition between China and the U.S. Lighthizer's proposed tariff list Tuesday includes duties on some mundane items but especially goes after the Chinese aerospace, information and communications tech, and robotics sectors.
https://www.thedailybeast.com/trumps-right-to-say-hes-not-launching-a-trade-war-with-china-hes-doing-something-bigger
No comments:
Post a Comment