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Trade Agreement With China

Opublikowano: Grudzień 19th, 2020 by foto-klinika |

The mayors of Davenport and Saint-Gabriel, who represented cities heavily dependent on agriculture, expressed their fear that the trade war would have on their cities. [286] Technology is considered the most important part of the U.S. economy. [35] According to U.S. Trade Representative Robert E. Lighthizer, China is pursuing a policy of “forced technology transfer” at the same time as the exercise of “state capitalism,” including the purchase of U.S. technology companies and the use of cyber-flights to obtain technologies. [35] As a result, in early 2018, Trump administration officials took steps to prevent state-controlled Chinese companies from buying U.S. technology companies and attempted to prevent U.S. companies from transferring their key technologies to China as entry costs. [35] According to political analyst Josh Rogin: “There was a belief that China was going to develop a private sector that would be compatible with the WTO system. Chinese leaders have made a political decision to do the opposite. Now we have to react.

[35] “We must also be sure that the text of the agreement is the same in the Chinese and English versions – history has shown that differences become easily exploited loopholes,” said Ker Gibbs, president of the American Chamber of Commerce in Shanghai. According to a blog analysis by the Brookings Institution, the Trans-Pacific Agreement and the new RCEP “will together offset global losses resulting from the trade war between the United States and China, but not for China and the United States.” In his January 2020 trade deal with China, President Donald Trump argued that his trade war with China was a success. In its self-proclaimed “historic” agreement, China committed to purchase other U.S. goods and services in 2020 and 2021. Trump even boasted that the deal “could be closer to $300 billion once it`s done.” In mid-2019, more than 600 companies and trade associations, including manufacturers, retailers and technology companies, wrote to Mr. Trump asking him to abolish tariffs and end the trade war, saying that the increase in tariffs would have “a significant, negative and long-term impact on U.S. businesses, farmers and farmers. families and the U.S. economy.” [294] “Today we are taking an important step that has never been done with China in the direction of a future of fair and reciprocal trade with China,” Herr said.