Deja vu / White House: review of the first phase of Sino US trade agreement

Deja vu / White House: review of the first phase of Sino US trade agreement

Photo: US President Biden meets with Treasury Secretary Warren Yellen at the White House on the 29th. /Associated Press

[Ta Kung Pao] according to Reuters, VOA and Bloomberg, whether the US Biden administration will abolish the tariff measures left by the former trump administration after taking office has aroused concern from the outside world. The White House said on the 29th that the Biden administration will reassess all the national security measures implemented by trump, including the first phase trade agreement between China and the United States signed in January 2020, and will use it to redefine its relationship with China. On the same day, when attending the forum, U.S. national security assistant Sullivan pointed out that the United States would “take action” against China, which is another important official to show a tough stance toward China after the new secretary of state Abraham Lincoln.

White House spokesman pusaki was asked at a press conference on the 29th whether Biden thought the first phase trade agreement between China and the United States was still valid. In response, she said that the new government was reviewing all the policies formulated by the previous government, including the trade association. Because it’s all about national security, she doesn’t presuppose that all policies will continue.

Pusaki did not disclose whether the Biden administration considered withdrawing from the agreement, saying that Washington was focused on “handling Sino US relations with a strong stance”, which means coordinating and communicating with allies and congressmen on how to deal with China. U.S. Treasury Secretary John Yellen also promised to conduct a comprehensive assessment of the first phase of the trade agreement between China and the United States, and said he would work more closely with his allies.

The taxation arrangement remains unchanged during the evaluation period

Reuters quoted U.S. government officials as saying that during the evaluation period, Biden’s government will not change the tariff arrangement on $370 billion of Chinese goods, and pointed out that Washington is carrying out “comprehensive reform” to determine the best way to unite with other countries in China and “exert the greatest pressure on China.”;.

In January 2020, China and the United States signed the first phase trade agreement, ending the 18 month trade war. According to the agreement, the United States will reduce some tariffs on Chinese goods, and China promises to purchase an additional $200 billion in agricultural products, energy and manufacturing products in the next two years. Chad Bowen, a researcher at the Peterson Institute for international economics, published an analysis report this month, pointing out that China’s purchase of US goods in 2020 failed to meet the standard, which triggered discussions between US government and business.

However, Barry, a spokesman for the US China Business Council, was not worried that the new government would cancel the trade agreement. He pointed out that China has purchased a large number of US agricultural products, increasing employment opportunities, and Chinese officials have also made a statement that they plan to fulfill their commitments.

Barry said the agreement is the key to ultimately reducing tariffs on mutually beneficial goods, which cost Americans jobs, reduce GDP and increase the cost of living. Canceling the agreement may make the damage caused by the trade war permanent.

Sullivan: Meiying & lt; sweeps the snow in front of the door & gt;

In addition, U.S. national security assistant Sullivan also showed his strength to China on the 29th, after U.S. Secretary of state Abraham Lincoln took office on the 27th and talked about China for the first time, and then branded China as “genocide”. On the same day, Sullivan and former national security affairs assistant O’Brien attended the online seminar of the think tank “American Peace Research Institute” and once again played the Anti China card, threatening that the United States was ready to take action to ask China to pay for its actions in Xinjiang, Hong Kong and Taiwan. ”

He also revealed the important strategy for the future, that is, from President Biden to the State Council, the Ministry of defense and embassies around the world, to unify their stand and caliber on dialogue, but did not further elaborate what action Washington intends to take against China.

But Sullivan also mentioned that the biggest national security challenge facing the United States is “ how to clean its own house ” and invoke Biden “ domestic policy is foreign policy ” the argument that COVID-19 can solve the domestic problems such as economic recovery, bridging domestic divide, and so on, the United States will be more capable of dealing with transnational challenges.

Similarly, he is also interested in “investing in allies, revitalizing alliances” and working with Europe to deal with China’s trade and technology issues.

This is Sullivan’s first important foreign policy speech since he took office. According to the analysis, Biden’s government officials show their strong attitude towards China one after another, and there will be a fierce game between China and the United States in the future.

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