US President, Donald Trump doesn’t like successful exporters, such as Germany or China. Now he interrupts his holiday to investigate the “unfair” trade practices of China, to announce.
China has warned the United States against a “trade war”. “There will be no winners, only losers,” said the foreign Ministry spokeswoman, Hua Chunying, at a press conference in Beijing. You reacted to reports that US President Donald Trump is still on this Monday in Washington, an investigation of “unfair” trade practices of China will announce at the end of which sanctions could be.
The economic and trade relations between the two largest economies should be to the “mutual advantage”. Also the trade would have issues and the conflict with North Korea, nothing to do with each other. “It is inappropriate in a case of exerting pressure by the other is used as a tool”, said the spokesperson.
The US President had both linked to it, he wanted to refrain after his arrival, first, of its hard-line stance in trade issues with China, to get Chinese help in dealing with North Korea’s missile and nuclear program. The differences should be solved through dialogue, said the spokesperson. The interests of both countries overlapped.
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WTO bypassed
Hua Chunying also criticized that Washington wants to use an old, long-used U.S. law as a basis for the investigation, although there are already other mechanisms in the framework of the world trade organization (WTO), for such disputes. “Each member of the WTO should adhere to the rules of the world trade organization.”
Also, the Chinese government newspaper “China Daily” has referred to the dispute about the trade practices of the people’s Republic as damaging to relations with the United States. In the course of a day awaited by US President Donald Trump, the way in which China deals with intellectual property and officially check, poisoning the relationship between the two countries, wrote the sheet on Monday. It is crucial that the U.S. government will meet any quick decisions that you would regret.
The subject of the trade dispute, among other requirements, the people’s Republic of for foreign companies, according to which the Chinese partners must grant a company access to its technology and intellectual property. High-level government officials, Trump wants to turn his top trade representative Robert Lighthizer. An investigation should be arranged as a result of the audit, this could in the end lead to punitive measures, such as the imposition of high tariffs on Chinese imported goods.
More harm than good?
Most experts believe that nothing Trumps broken line, which focuses primarily on the elimination of barriers to domestic companies. “Even if Trumps policy can lead to a Mini-Boom in the energy sector – it represents great perils for America and for the world,” writes the journal “Economist”. Unlike trump’s role model Ronald Reagan Trumponomics was “” not an economic line, but rather “a hodgepodge of individual proposals, compiled by entrepreneur courtiers for their king”.
Add to this that Trumps the national economy, apart from foreign trade – is also in the Inner faces immense challenges, the solutions previously not on the table. The health care sector one sixth of the economy takes power – and a regulatory Hand is in the distance. The great tax reform, a key pillar of Trumps growth strategy, can only come when the health issue is resolved. And how about the galloping national debt, is also not clear. At the latest, in the autumn, a solution must be found here.
If Trumps strategy rises and it will be celebrated after four years in office for jobs and economic growth – it is in the stars. But even if he should go in the right direction: The implementation leaves far to be desired. The magazine “Forbes” Trump craft has negative marks. There is a lot of air is upwards.
wen/qu (dpa, rtrd)