U.S. Lawmakers seek Exemption from Tariffs on China
In 2021, THE U.S. GDP topped $2.3 billion, an increase of 5.7%, which looks pretty good.But at the same time, inflation in the United States is at an all-time high of more than 7 percent, and more importantly, many goods remain scarce even at high price increases.A bipartisan group of 141 US congressmen sent a letter to the administration on Wednesday asking US Trade Representative (USTR) Richard Dekey to ease tariffs on Chinese goods and allow US companies to obtain more exemptions from tariffs on Chinese goods.If prices continue to soar and the quality of life of voters declines, our votes will be lost.Since the U.S. economy is doing well, we should be able to relax some restrictions.3. As a result of these tariffs, it turns out that in the end these taxes were passed on to consumers, and it was American businesses and Americans who actually paid the bill.4. Persistent tariffs on China will also weaken the competitiveness of THE US manufacturing sector and make us products much more expensive than those of foreign competitors.5, the most important one, these policies are left by the former old lunatic, there is no pressure on you, you can completely “put things right” ah!All in all, the reason seems very good, but Mr. Baii is unmoved, saying that we need to see China’s “performance” and are not in a hurry to remove tariffs.By rights, tariff policy is unpopular in the United States, and without too much old thanks to the polls, he also admitted to bear the brunt of the U.S. business, at such a time, he should show completely, receptive audience, abolish the tariff policy, so, why should he go, not to do it?In fact, as far as Worship is concerned, exemption from tariffs on China is not an option.For the following reasons: 1, although the U.S. imposed tariffs on China, but for the total amount of China’s exports to the us, not only did not reduce, instead, to further expand, therefore, decided to sino-us trade volume of the underlying factors depends on supply and demand, high tariffs will affect some of the cargo, but not determine the root cause of china-us trade cargo;2. The fundamental problem of the current supply shortage in the United States lies in the current crisis of the SUPPLY chain in the United States. That is to say, the cargo handling capacity of the ports and highways, if tariffs are removed, will only further increase pressure on the supply chain and lead to further congestion.3. The main reason for the decline of the manufacturing competitiveness of the US lies in the ineffective fight against the epidemic and the continuous mutation of the virus caused by herd immunity, which resulted in the breeding of omicron and other viruses. Many factories were forced to suspend work and cut back on production.Members of Congress may not know all this, but Worship certainly did;Members of Congress know and don’t necessarily care (they care more about the outcome of the midterm elections), but Biden has overall responsibility for policy (and he cares about the midterm elections, but he cares more about the general election), so it’s impossible to see eye to eye on policy.At the very least, the move by lawmakers shows that Biden has lost control of the issue, and that divisions within the United States are increasingly open and, under certain circumstances, intensifying.As for the impact on China, there is no need to gloat about it. After all, the official response is clear: removing tariffs would be good for both China and the United States, as well as the world.However, due to various factors, there are many uncertainties for China, the United States and the world.