Trade protectionism will never win US competitiveness: experts — Mareeg.com somalia, World News and Opinion.
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Trade protectionism will never win US competitiveness: experts

By Zhang Niansheng, Wu Lejun, Hu Zexi, Zhang Mengxu –The short-sighted trade protectionism measures taken by the US is helpless to improve its competitiveness in global arena, experts pointed out, after the Office of US Trade Representative (USTR) on Tuesday published a proposed list of Chinese goods subject to additional 25 percent tariffs despite of strong opposition from China and US business groups.

 

The proposed list, which covered approximately 1,300 products imported from China, is based on a so-called Section 301 investigation into alleged Chinese intellectual property and technology transfer practices, launched by the Trump administration in August 2017.

 

The restricted measures launched by the US, mainly targeting at the technology industries such as aerospace, information and communication technology, robotics and machinery, cited the “Made in China 2025” strategy, a plan to upgrade the manufacturing sector, as an excuse.

 

But experts found that the trade deficit of the US with China should be blamed to its long-term discriminatory export controls against China as well as strict control over high-tech exports to China.

 

The trade deficit with China of the US would drop 24 to 34 percent if Washington would liberalize its export barriers against China to the same level as those applicable to Brazil or France, said a report released by the US-headquartered think tank Carnegie Endowment for International Peace.

 

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