(Washington Composite Electric) The United States considers all tools to respond to the worst inflation in 40 years, including reducing tariffs on goods to China.However, US trade representative Dai Qi emphasized that tariffs on China should be discussed in a broader economic policy structure, and any policy change must meet the mid- and long -term goals of the United States.
The premise is that it does not damage to change the mid -term target of China relations
Daiqi said at the Global Conference of the Milken Research Institute in Los Angeles on Monday that tariffs on China should be part of the comprehensive economic strategy in the fields of currency, fiscal and taxation policies.The United States must ensure that the tools used to respond to short -term challenges of inflation are effective, and it will not damage the mid -term goal of the United States to change the relationship between China.
The US tariff policy has prompted some companies that produce and entered the United States in China to relocate production and operating bases to other countries.
She emphasized that any policy change in the United States must take into account the medium and long -term goals, including the establishment of a global economy that is more flexible and lasting, which is beneficial to workers and consumers.
Since the Bayeng government took office at the beginning of last year, it has not canceled the policy of the former Trump government's policy on increasing tariffs on imported goods in China; as the U.S. inflation rate has reached a record high, the industry's attack on this policy has become increasingly louder and stronger.Essence
Recently, US Treasury Secretary Yellen and Guoan Deputy Advisory Singh made remarks about reducing tariffs to suppress inflation, so that all circles speculated that the Bayeng government was considering changing the tariff policy for China.The White House even revealed that the government is carefully studying the impact of Trump's tariff measures on inflation.
In this regard, Dai Qi said, "All the tools are placed on the table. The question is, how do you use these tools?"
A source who is familiar with the Biden government's ideas says the United States will not make major changes to China immediately, but Daiqi's office is already discussing the feasibility of implementing limited exemptions.
Daiqi also seems to have intentionally diluted the possibility of significantly reduced tariffs, and questioned a report on the Cancel of Peter Sen International Economic Research Institute to cope with high inflation reports.
This report pointed out that US decision makers have ignored the role of trade liberalization on alleviating inflation. If the overall import tariffs in the United States decrease by two percentage points, the inflation rate is expected to decrease by 1.3 percentage points.Daiqi described the hypothesis in this report is "between novels and interesting academic homework".
According to Bloomberg, the as soon as the U.S. Trade Representative Office will review the first wave of Chinese tariff measures issued by the former government in 2018 this weekend.According to US laws, unless the trade representative office evaluates the effectiveness and impact of tariffs, these measures will fail after four years.
