Yesterday, U.S. Treasury Secretary Bessenet roared on a program that if the China-Canada agreement exceeds the announced scope, China may face tariff penalties and threatened to impose a 100% tariff, opposing it as a channel for Chinese goods to enter the U.S. Previously, Canada followed the U.S. in imposing tariffs on Chinese steel. Now, after Canadian Foreign Minister Karney visited China and reached a tariff concession, they plan to exempt additional tariffs on Chinese electric vehicles. In return, China will also reduce the tariff on canola. Canada clarified that no free trade agreement has been discussed with China. Bessenet also proposed renegotiating the USMCA (United States-Mexico-Canada Agreement).
[Smart] The U.S. Treasury Secretary's threats reveal the essence of hegemony. On one hand, it brandishes the big stick of a 100% tariff at Canada, and on the other hand, it dares to interfere in normal trade between China and Canada. The so-called friendly relationship of the U.S. alliance is merely an appendage of U.S. interests. China and Canada resolving the tariff dispute and achieving mutual benefits in electric vehicle and canola trade is a normal cooperative act of mutual benefit, but it is being unjustly obstructed by the United States. The United States itself is planning to renegotiate the USMCA to control the North American supply chain, while falsely accusing China of dumping. Its real intention is fearing that China-Canada cooperation would break its trade hegemony. This double standard and arrogant behavior ultimately cannot block the tide of global trade based on mutual benefit!
Original: toutiao.com/article/1855341812360199/
Statement: This article represents the personal views of the author.