Crazy! Add 200 % tariffs? China responds tough...
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Recently, the Office of the U.S. Trade Representative issued a Section 301 investigation report on China’s maritime, logistics and shipbuilding industries, determining that China’s directional dominance in the above-mentioned fields is unreasonable and burdens or restricts U.S. commerce.
It is reported that the report is an investigation launched in accordance with Section 301 of the U.S. Trade Act of 1974, focusing on whether China’s policies and behaviors in the maritime, logistics and shipbuilding fields have had an unreasonable impact on U.S. business.
Its main purpose is to assess whether China's actions in these areas violate the principles of fair competition and pose potential threats to the U.S. economy and national security.
The Office of the U.S. Trade Representative concluded that China has been aggressively seeking dominance in the maritime, logistics and shipbuilding sectors and has set a series of increasingly aggressive and specific goals.
China has largely achieved its dominant goals, which seriously damages the overall interests of American companies, workers and the US economy.
Specifically, China has brought security risks to the US economy by reducing market competition and business opportunities, and using dependence and vulnerability.
In addition, the report also pointed out that more than 80% of the world's goods are transported by sea. In particular, ocean freight transports 61% of international trade goods between the United States and Asia and 45% of international trade goods with Europe.
Therefore, the Office of the U.S. Trade Representative believes that China’s growing influence in areas such as commercial fleets may impose additional burdens or restrictions on U.S. businesses and the economy. Therefore, a lawsuit can be brought against China under Section 301.
In response to China's strong position in this field, the U.S. government should impose port fees of up to million on Chinese-built ships calling in the United States and use the fees to set up a special fund to revitalize the U.S. shipbuilding industry.
Last month, the two parties in the United States officially introduced a new piece of legislation in Congress - the "American Ships Act." The bill aims to pass a series of measures, including imposing 200% tariffs on repair work performed by shipyards in "countries of concern" such as China.
Although China did not mention China directly, Mark Kelly, the main spokesman and Democratic Senator Mark Kelly, clearly pointed out that this refers to China.
Kelly said that a 200% tariff may make it very costly to repair a U.S.-flagged ship in China. Assuming that the ship is repaired in a Chinese shipyard, the repair fee of million after the 200% tariff is imposed will mean that the U.S. Treasury The Ministry of Finance paid US million.
These tariff income is likely to enter a special fund to revitalize the US shipbuilding industry and challenge China's dominant position in the global shipbuilding industry.
In response, a spokesman for the Ministry of Commerce responded that regarding the 301 survey, China emphasized that related investigations have obvious unilateralism and protectionist colors.
Earlier, the U.S. -Canadian tariffs on China and Canada have been ruled by the WTO that the WTO has violated the WTO rules and faced many members of the WTO.
The US 301 survey is due to the needs of domestic politics and suppressing China's development, and it is a serious damage to the multilateral trade system and international trade rules.
From a historical perspective, the decline of the US shipwreck has nothing to do with China. As early as the rise of China's shipbuilding industry, the global market share of the United States shipbuilding industry was minimal.
From a realistic perspective, the development of China's shipbuilding industry is definitely not based on so-called "non-market practices", but on the basis of a complete industrial system, well-trained engineers and industrial workers, and an open business environment.
China's shipping market has always been open to the global market and has never adopted discriminatory policies against foreign ships and foreign companies. China's industrial policy is mainly guiding rather than mandatory, and treats Chinese and foreign companies equally.
China urges the Biden administration to respect facts and multilateral rules, abide by the principles of market economy and fair competition, face up to the legitimate concerns and legitimate demands of enterprises in both countries, and stop shifting the blame of domestic industrial development issues on China.
China will pay close attention to the US trends and take necessary means to defend their legitimate rights and interests.
