Xinhua commentary: China’s counter-measures2018-08-04 20:25:01 31 ℃
The US has recently announced that it plans to increase the tariff rate of 200 billion US dollars to China's exports to the United States from 10% to 25%. The Chinese side announced on the evening of the 3rd that it will legally follow the fourth gear of about 60 billion US dollars of products imported from the United States. Different tax rates are subject to tariffs, and the specific implementation date will be subject to US action. China's differentiated tax rate counter-measures are rational and restrained.
In fact, as early as July 11, the United States threw out a list of 10% tariffs on my $200 million product, considering the possible impact of taxation on businesses and people in both countries. We have not easily published a counter-inventory list. However, the United States has always threatened blackmail and escalated the situation. Recently, it has increased the tax rate of 200 billion US dollars of products to 25%. In the face of such acts that harm the interests of our country and the people, we have to take action and resolutely defend legitimately according to law. .
Someone may question why the amount of tax on products of both parties is different? We know that this is not a digital game, and every change in numbers can involve the interests of thousands of businesses and consumers. The Trump administration can ignore the consequences of taxation, disregard the opposition in the United States, sacrifice the interests of the majority for the current vote, and arbitrarily raise the tax rate, but we cannot "play with the United States."
In the face of the irrationality of the other side, the Chinese side has extensively listened to opinions and carefully assessed the impact. The differential tax rate for the 5,207 tax items originating in the United States is based on the substitution of different products imported from the United States. The degree is divided to minimize the impact on the lives of Chinese companies and people and to ensure the operation of the global industrial chain. The differentiated tax rate is a full expression of the people-centered development thinking, and also reflects the rational restraint of China and the unification of counter-flexibility and precision.
Of course, this is just a tax list, and when it will be implemented will depend on the performance of the US. The Chinese side is not willing to fight, but there is no shortage of bullets, and they are ready to use the combination of “quantity and quality”.
If the trade war is a protracted war, then the two sides should not fight who is more fierce, but who will last longer. As many international people have said, the strong growth of the US economy is difficult to sustain, and the factors such as the trade war and the weakening of the tax cuts will damage the economy's "near happiness" and now "far worry." Moreover, in the United States, there are more and more dissatisfaction with the "insurance of tariffs". At the end of July, the United States held a tariff hearing on China’s $16 billion loss of US products. Only 6 of the 82 speakers agreed. It is only about 7%. In contrast, China's economic stability is enhanced, economic operations are more coordinated, coupled with the institutional advantages of having a huge domestic market, concentrating power to do big things, an unwavering open-minded strategy, and a spiritual support to overcome difficulties. This has earned us time, space and confidence in dealing with external shocks.
The door to China’s negotiations has always been open, and it has never been reduced to the sincerity of efforts to resolve differences. However, as China has always stressed, the premise of consultation is mutual respect, equality and mutual benefit. I hope that the US can return to rational calm, show sincerity, and stop trying to solve problems with threats and blackmail.Editor: Roth Young
Guess you like
- 2018-08-18The Ministry of Housing and Construction is talking about five cities including Yantai, Sanya, Haikou, etc.: Fighting speculation and curbing housing prices
- 2018-08-18The CSRC has an emergency meeting to deal with the stock market crash? fake
- 2018-08-17Beijing Municipal Housing and Construction Committee: housing rental enterprises can not promote rent to seize the housing
- 2018-08-16At the invitation of the US, Vice Minister of Commerce Wang Shouwen will lead a delegation to the United States to hold consultations at the vice-ministerial level on Sino-US economic and trade issues.
- 2018-08-16The RMB exchange rate decline is difficult. How far is the central bank's interest rate hike?
- 2018-08-03As the risk aversion heats up, the Dow opens 150 points lower and falls 6% more.
- 2018-08-03Create history! Apple’s intraday market value exceeded $1 trillion for the first time
- 2018-08-02The Shanghai stock index fell 2% and lost 2800 points. Nearly 3,000 stocks fell.
- 2018-05-03Li Dazhao: Significant signs of rescue in the main market A shares will enter a new stage of development
- 2018-04-30With immediate effect, foreign investors can control domestic securities companies, and joint venture securities companies can loose their licenses! The wolf is coming? not necessarily
- Fang Xinghai: Accelerate the research and launch of new products such as government bond options and 30-year bond futures
- Dong Xiwei: Can you guarantee "7", the RMB is facing the test
- Zhuangxin, the total market value of A shares is overtaken by Japan, and why is the bull market coming again?
- Ministry of Commerce: China's tax rate counter-measures are rational and restrained, and the implementation date will depend on US actions.
- A fire broke out at a construction site in Country Garden Qidong, and the accident site was just re-engineered.
- Three delisting stocks in one week, involving 270,000 investors! Who stepped on the thunder? Trading?
- The relevant company can apply for the issuance of CDR soon after one month
- Zhejiang Dunan now has a debt crisis of 45 billion yuan.
- Central Bank: RMB qualified investors must not remit funds overseas to purchase foreign exchange when they carry out overseas investment
- The end of the era of currency excesses! Wealth creation model will change dramatically