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China mocks biden admin12/30/2023 ![]() If China fails to comply, his administration would impose new tariffs. China is a major producer of chemicals required to create fentanyl, which is frequently smuggled over the U.S.-Mexico border.įormer President Donald Trump, who leads the Republican field with DeSantis a distant second, told Reuters that he would give China 48 hours to remove what sources say is Chinese spy capability on the island of Cuba 90 miles off the U.S. Haley has said she would push Congress to revoke China’s trade status until China curbs its alleged role in the fentanyl trade. China’s Ministry of Foreign Affairs on Friday ridiculed the Biden administration for focusing its energies on harmless objects in U.S. that lowers trade barriers with specific nations. Republican presidential hopefuls have adopted confrontational rhetoric with respect to China, which they see as the nation’s top geopolitical foe.įlorida Governor Ron DeSantis and former UN Ambassador Nikki Haley have laid out the most specific plans so far to confront China on trade, and advocate revoking China’s permanent normal trade relations status, a legal designation granted by the U.S. imports from China had nearly reached their 2018 peak in 2022, but are down 24% so far this year. importers over four years to $182.9 billion, according to U.S. tariffs on Chinese goods peaked at $49 billion in fiscal 2022, bringing the total amount collected from U.S. Treasury spokesperson declined comment on tariffs.Ī USTR spokesperson said the agency was continuing its review and was evaluating feedback received, nearly seven months after it closed public comments.Ĭollections of U.S. officials have been tight-lipped about any response to the Chinese call for action, noting that no new initiatives were under way. ![]() "There is no political appetite to reduce tariffs on China – Secretary Yellen will do well in this political climate if they manage to stay where they are," Bown said. political pressure to raise China tariffs is growing, said Chad Bown, a trade economist with the Peterson Institute of International Economics who has researched them extensively. Yellen last year advocated eliminating some duties on "non-strategic" goods as a way to ease some specific costs amid high inflation.īut U.S. ![]() critic, called Yellen a "professional and pragmatic" official who could influence the Biden administration to take such steps to improve the economic relationship. China's state-run Global Times, normally a harsh U.S. ![]()
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