"We oppose any form of unilateral tariff measures. The so-called issue of 'China's overcapacity' does not really exist and should not be used as a pretext for political manipulation."
"U.S. Trade Representative Jamieson Greer announced the investigation Wednesday into what the administration considers 'excess capacity and production in manufacturing sectors' in countries and blocs including China, Mexico and the European Union. The move came after the Supreme Court last month struck down tariffs the president had imposed on imports from countries around the world."
"The Chinese legislature on Thursday approved what it calls a Five-Year Plan, a social and economic blueprint, which includes policies around technological self-reliance and industrial manufacturing. While the plan does not mention the U.S., it is focused on 'managing what Beijing calls its 'great-power competition' with Washington.'"
The U.S. Trade Representative announced an investigation into excess capacity and production in manufacturing sectors across multiple countries including China, Mexico, and the European Union. China's Foreign Ministry criticized this investigation as a pretext for political manipulation, denying that overcapacity issues exist. The timing is significant as it occurs weeks before a planned summit between President Trump and Chinese President Xi Jinping. Simultaneously, China's legislature approved a Five-Year Plan focusing on technological self-reliance and industrial manufacturing. This economic blueprint reflects Beijing's strategy for managing great-power competition with Washington, continuing practices that have concerned international partners.
#us-china-trade-relations #tariffs-and-trade-investigation #chinas-five-year-economic-plan #technological-self-reliance #great-power-competition
Read at www.npr.org
Unable to calculate read time
Collection
[
|
...
]