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US Could End Trade War With China To Alleviate Economic Pressures

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US Could End Trade War With China To Alleviate Economic Pressures

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Are US-Chinese relations thawing?

Written by Paul Antonopoulos, independent geopolitical analyst

Chinese Vice Premier Liu He held talks with US Treasury Secretary Janet Yellen on July 5 to discuss Washington’s trade tariffs on Chinese products and issues of global supply chain stability. According to Beijing’s press release, Liu stressed that the lifting of tariffs and sanctions, as well as the fair treatment of Chinese companies in the US, is a major concern for China. The US press release made no mention of changes to tariffs and instead mentioned the negative impact of the war in Ukraine for the global economy.

Both press releases did mention though that Liu and Yellen held discussions on the macroeconomic policies of the two countries, as well as global supply chain stability and global economic issues.

Given the fact that China’s chief trade negotiator spoke with Yellen, who has previously advocated for the removal of at least a significant portion of tariffs on Chinese products, it appears that tariffs are an important part of current discussions. This can only bring speculation that perhaps a thawing in the economic relations between the US and China is emerging, which is especially needed considering the economic troubles that the North American country is experiencing.

There is no consensus within the Biden administration on how to deal with China’s trade policy. Former President Donald Trump was belligerent and initiated a trade war. The trade war at its peak saw almost all Chinese exports to the US become subject to tariffs.

After that though, part of the tariffs were canceled and the so-called “Phase One” deal was signed, where it was expected China would increase the volume of goods purchased from the US by $200 billion over two years. However, tariffs on Chinese products totaling more than $300 billion remain in place.

At the beginning of his presidency, Biden did not make sudden moves in any direction and only talked about the comprehensive work of analyzing and revising his predecessor’s economic policies. In fact, none of the changes made by Trump have been amended by Biden.

The US is facing a new economic reality as the COVID-19 pandemic and the related economic crisis has forced authorities to resort to aggressive monetary stimulus measures. Ultra-low interest rates and quantitative easing has helped contribute to massive inflation in the US. In fact, American citizens have not experienced such price hikes in 40 years.

To help alleviate economic pressures, some US officials believe they have found a solution – lifting tariffs on Chinese goods in its entirety.

None-the-less, US National Security Adviser Jake Sullivan and US Trade Representative Katherine Tai opposed the tariff cuts. According to Tai, tariffs are a trump card in US hands, a lever to force Beijing to change its long-term trade policy. She said inflation is serious, but this is a short-term issue and the strategic task is to force China to comply with Washington’s demands. She believes that if tariffs were lifted, the US would weaken its negotiating position with China.

The reality is that China has not been greatly affected by the tariffs. Despite all the tariffs, China is not selling less goods to the US. In 2017, just before Trump kickstarted the trade war, the US trade deficit with China was $375 billion. In 2021, that figure was $396.5 billion.

Due to this reality, the main economic burden from the trade war actually falls on the shoulders of US consumers.

The Biden administration probably understands that the problem needs to be addressed as it no longer just a foreign policy issue, but a serious domestic one now. The Federal Reserve announced in June its largest interest rate hike in 28 years to try and control inflation, which hit a 40-year high in May. Some experts now believe that the US is in recession.

For this reason, it is clear that the US has decided to slowly move towards a gradual thaw in economic relations with China.

Although Washington seemingly wants a thaw in its relations with Beijing, differences, such as the causes of global instability in supply chains and economic processes, will make this a difficult task. However, investors still see this dialogue between the US and China as an undeniably positive signal, with stock exchanges reacting with enthusiasm, which could encourage Washington to end its trade war.

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Bitcoin

US started the economic war vs China, and they lost it. Now they are desperate so much they are ready to capitulate.

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jens holm

Thats incorrect. he main reasons are China send a lot of shit and govermenthal support by artificial lowered prices.

Its the same for into EU. We systematicly tax them now. It solves parts of the probpems well, but only parts.

And they can buy and own companies here by the normal stockmarket and by sales and buy.

We cant the opposit way. They protect everything and as minimum they demand 51% ownership.

Its not about capitulate. China also has very big internal problems. Sanctions hurt both very much. So both hope for sanctions in a lower level will help both.

Its very typical here, You never mention the rest of the world has big problems, which very much are made by themself too.

USA of course need some reforms and modernisations. I predict they will declne some but never collapse. The rest and even China will support moderate calibrations.

Fake

Dead on Jens. Either the west believes in free markets or we don’t. Either the west believes in free speech or we don’t. Either we believe in the free flow of capital or we don’t. I’m a man of the west and I believe. Buy all the stock you want China, can you run the company and turn a profit? Chair Person Xi, can you allow free speech?A demented pedophile president in the USA can. He even allows FJB on T shirts. Are you able to do the same? Xi, can you exalt your people before you exalt yourself as every American President has done since 1776 or will you hide behind censorship? The people of a country are the legs the government stands on. The head of no great country has ever stood on broken legs.

U S Asylum

Bullshit. Demented plant in the White house does not rule or control anything, not even his bladder. Try to criticize those who really control America, the real masters. You’ll be silenced in 2 seconds. You can’t even criticize LGBT or BLM or you’ll be instantly censored and banned. They removed someone important as Trump from Twitter, you say there is no censorship?? The most prisoners in the world, not China but the US! What Mickey Mouse fucking liberty? Blatantly stolen elections, both candidates are theirs as always, still one was preferable. They sent 50.000 soldiers to guard Washington, to suppress “insurrection”. What fucking democracy? 1776? Bunch of rebels, traitors, pirates and freemason terrorists paid with French money, attacked British soldiers and loyal citizens to seize the power for themselves with fake, bullshit promises. No taxes for the king, instead pay to Washington (the Whiskey Rebellion). In 1861-5. they burned down Southern states to the ground, no independence for them? Federals slaughtered people in Baltimore, St.Louis even before the war started. South Carolina had more right to secede in 1861. than in 1776.. I could go on forever how ‘democratic’ and ‘free’ America was. In reality America is nothing but a brutal tyranny. It was in 1776. and still is. More than ever. Its stupefied masses are no more free than Chinese or anyone else. Just the contrary, their only purpose is to pay taxes and support the war machinery. Or they’ll import more foreign trash to replace them.

Last edited 2 months ago by U S Asylum
Fake

I believe history is about people in power and people who aren’t. You make no criticism of America that isn’t true of any other nation in history. America is the only nation that gives people the freedom to act but only if you have the will. Election fraud? Volunteer to count the votes. The southern states attacked the Union at Fort Sumpter. Freedom doesn’t allow you to kill our soldiers. I’ve been censored from right leaning websites too. Should websites get section 230 exemptions. Absolutely not. But censorship is beloved by the weak minded. J6 was a travesty of our government and broke the 8th amendment but the American people are resilient and the left will have their power denied at the regular interval of two years time. I make brothers with all men who believe in the rights of the constitution. Unfortunately that means no one outside of the USA. Whenever we look to a common utopia we will look to the bill of rights, even if it takes a little while. Upvote is from me btw.

RealityOfWar

The US has got worked over by the China Russian tag team, aided immensely by US stupidity and obsession with making the cold war outcome irreversible. The US was on 18 in terms of having a beneficial position in the trading and rules based system it created. Then it decided to twist with a trade war with China, and finally went bust with taking on Russia over Ukraine. It really should have stuck and allowed a multipolar world, enjoying a big part of it and also having the most competitive advantage.

Fake

Dead on reality, I love your posts. The USA or any country will of course push its advantage until it no longer is able to do so. I’m glad Russia and China have found a mutual agreement in a multi-polar world and for the betterment of humanity I hope it comes. But god save the countries of the world the day the USA gets over its own self imposed stupidity.

Yupeng Gu

In order to lift the tariffs the democrats need to win the midterm elections, but now they are losing it. Hence I expect the US to double down on the tariff and accelerate their self destruction.

Fake

Good analysis Yu, America destroying itself. “The fisherman does not kill the fish, rather the fish breaks its own body in the struggle”- Ernest Hemingway

Donnchadh

Its also a case of “divide and conquer ” as they got nowhere with Venezuela + Iran.

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jens holm

Both are highly incorrect. Both are going nowhere supported by themself. USA is just a helper according Iran.

Pens Holm

Your moronic, failed existence is highly incorrect.

Jens Holm.

Injuri Gaggarin wrote this and not me. He was better when his servicedog laika still was alive. It had his never used brain.

Yuri

US economy in recession—becoming worse as industry cannot absorb fuel inflation…bye bye nazi empire—-

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Jens Holm.

Its more they deny. Changes to lower consumption often comes through if we are forced to

NATO's PROXYTUTE

Bullying, arrogance, and politicising every aspect of our daily life were the habits of tyrannical USA deepstate that’s hard to break. There would always be a sinister scheme behind its actions, no one should trust the devil.

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jens holm

They are their own and no Santa Claus or UNICEF for free for You lazybumPs.

NATO's PROXYTUTE

Biden and bojo are the living santa who are giving away and wasting billions worth of war machines to Kiev instead of poverty alleviation in US AND UK. Misappropriation of public funds.

Jens Holm.

Thats only partly correct. The school systems mainly are driven by the 50 states and private investers.

Biden was elected. You were right if Sanders was.

Thats no public funds. Its a budget decided by 330 mio people.

Matt

…Which would mean that China will now pivot back to “business as usual” with the American $atan and somehow turn on it’s Russian business associate?… Or so the Biden Administration is “hoping” and “praying” will happen!?…

Remember the plan https://www.zerohedge.com/markets/peter-hambro-bis-central-banks-are-rigging-gold-market-using-bullion-banks-paper-gold with thy neighbor that will restore value to currency and will expedite the demise of the “mutual problem” as opposed to delaying the “inevitable”!

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Last edited 2 months ago by Matt
jens holm

I dont think so. They can find corners, which hurt both very much. Sometimes progress is like that :(

Matt

You mean like Ukraine and Taiwan?… But look where that has gotten $$ Soros & Company!?…

Perhaps Russia and China will collaborate and make Tel Aviv the lamb to slaughter to give London and Washington pause to “think about it”!?…

Last edited 2 months ago by Matt
🍌🍌🍌

You don’t think at all: monkeys can’t think, especially lobotomized monkeys like you. Take a banana for your effort: 🍌

Jens Holm.

You expect too many changes. Bot China and USA has finaciel problems. By that they can agree in some moderations here and there, where both are winners.

Hambros makes sense. But they forget that if You manipulate fx gold or for that matter zink or butter, the effect will be changes in other sectors to equalize.

So its very much about where You are and can loose or take a lot of money. We see the reactions from the states. As soon at the interests goes up pga higher prices for food and fool its there:

The price for houses goes down. Suddenly the car salesman lower the price 20% and you can get a coup and almost feel as a thief.

Last edited 2 months ago by Jens Holm.
Tommy Jensen

I refuse Chinese charity noodles because I believe in our Constitution, and I believe America should fight to the last Ukrainian for freedom.

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jens holm

Thats right. There are reasons for sanctions.

andre zulubal

if i get it correctly… as soon as russia turned off north stream and caspian oil pieplines to europe… australia has stopped delivering weapons to ukraine…

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Jens Holm.

If so its not related at all. Australia only has disputes with China. Those are big and important.

Blek

Bend over Uncle Sam, papa Xi is right behind you

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Fake

China is an economic giant and a military worm. Those aren’t my words but China’s actions. Russia fights NATO alone and the Chinese do nothing.

History

Chinese do hide behind Russia for too long. But then China was never particularly military aggressive, not even at the height of their empires. Just a few military adventures in 3000 years of history. But when they finally unleash its military power- the world will tremble.

Fake

Upvote is from me. I sincerely hope they do. For too long I have believed in a gentleman’s war of the USA against the entire world. We will not target anything but military, police and government infrastructure. Put a warship in the water and we sink it on the spot. Put a fishing boat in the water and we send you a bottle of champagne. The American population is far stronger than the government of the USA and the world goes forward. Destroy the militaries and police of Russia and China and the populace eats their “leaders”. When China rides out from behind the walls of their city and takes the field of honor, America will say “Finally, a man worth killing”.

Joseph Day

Ease up on the joo joo beans

Joseph Day

Remember the fastest retreat in history, when the Chinese cam storming over the border and chased US and allies out of Korea. Still wonder why they pulled back to the now border,

Fake

Oh yes the USMC at chosin reservoir. What was the total number of forces on both sides? What were the numbers of KIA? How many miles from each country’s mainland was the war fought? MacArthur exceeded his authority and was returned. Victory in the highest form. Glory to China comrade! Well fought. No one ever saw the human wave strategy coming in (1955?) How fashionable of them to fight with an antiques.

Facts

The Battle of the Chongchon River actually, it wasn’t 1955; there was no “human wave strategy” and the numbers are equal, with Americans having defensive advantage; yet Chinese light infantry routed US veterans with heavy tanks, artillery, air and navy support… and allies, like UK and Turkey.

Last edited 2 months ago by Facts
Fake

Cough, cough, bull shit

btw

seek medical help asap, that coughing sounds dangerous!

Fake

No worries, just a little bit of CCP revisionist history got caught in my throat. Thank god the battle didn’t go to nukes like MacArthur wanted. 30 years later China really could have been a threat. Good work in Shanghai. Did you cure Covid with lockdowns yet? It’s fake by the way. Good luck on your next Great Leap Forward.

Hollywood

Well yes, you are totally right: Muricans won the battle (not run away all the way to Seoul), with this amazing victory they triumphally won the war and North Korea ceased to exist, there were 20000000000 million godzillion Chinese (and not actually less then US/UN), Chinese had tanks and total air control, and all this happened in 1955!

Also, LGBT Superman and Captain America intervened, sunk Chinese fleet (with Godzilla help), killed Stalin just before he destroyed the world with his doom device, and then they married. True happy end. Everything else is CCP revisionism damn commies! Murica Fuck yeah!

Last edited 2 months ago by Hollywood
Fake

I don’t remember Godzilla getting in the fight but everything else you said was the same as the gospel of Jesus Christ in my ears. Hey you remember that Chinese dude that got his dick stuck in his wedding ring? That’s real too, can’t happen in America though. We will send some blacks over to liberate those 4 people in 12 in China that are women. Chinese ain’t gay though. You got to have a dick to be a fag. See ya in hell good buddy!

Ron Ronery

Geezus……why would China want to trade “finished goods” which requires China to purchase raw materials and then use energy (which pollutes their environment) in trade for printed “out of thin air” USD? The USD can only be used to buy “some” natural resources (many are being priced in Rubles now) or US T-Bills which will never be worth it’s printed value becasue the USA will eventually default on it’s debt. Why, please tell me why? Isn’t this just common sense?

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Fake

Ron, you beautiful man! You nailed it. This is why the war is being fought. Once you understand the goal, you understand the strategy. Hitler was no different than America. He ran a large debt building infrastructure (the US builds only corruption as far as I can tell) and then his financiers cut him off. That’s when the war started. Whoever controls the world controls the money. Him and Japan both tried it. Now it’s Americas turn. “Let’s get ready to rumble!” -WWF

Dicksonrp

Now is the time for China to push back the bullies and 0lay hardball with Washington…bring their economy to it’s knees

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Fake

Whatever China gives up, Mexico will happily take

Yuri

3 nations matter —China India Russia angloshere, EU dead. French economist Jacque Sapir demonstrates that Russian economy mismeasured by moron amerikan academics that claim it is #9—the pathetic quantitative anglo dinkmark Jens mind…Sapir shows that not merely by purchasing power but by commodities production, Russia is vastly larger than Germany and UK the US economy long ago driven into destitution—based upon burger flippers and Wall Street fakery—while all anglo and EU economies are in negative growth—Russia, China, India positive…..

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tranny sawyer social worker

this will be very upsetting to my nazi lgbt clients—Sawyer, jens midge williams. do you know how difficult it is to stabilize PTSD for lgbt snowflakes?

KE5

In the globalist battle against the bears the gentle Panda will win.

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Bernard Davis

The Panda IS a bear. In Chinese it is called Cat Bear.

Jens Holm.

The whole article is chinese to me. It does not cover, whats really going on.

I has a faked american perspective written by a person, whcih dont like and understand them.

Its also ignored almost perfect, that China right now and for some time has been soft because of internal problems. By that they need some changes just as Biden & Co.

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