According to an exclusive report by the New York Post today (May 9), the U.S. is considering cutting China's commodity tariffs from 145% to a minimum of 50% as early as next week. The news instantly caused a stir worldwide. After all, as the world's top two economies, any fluctuations in trade policies between China and the U.S. could have far-reaching impacts on the global economic landscape. Let’s take a look at the situation within the U.S. Once this tariff cut is implemented, American consumers are expected to be the first beneficiaries. Previously, the high 145% tariff caused the prices of Chinese goods entering the U.S. market to surge significantly, forcing American citizens to pay higher costs for daily consumption. For instance, Chinese-made clothing and electronics might be priced much higher due to the tariff, compared to their normal levels. If the tariff is reduced to 50%, the retail prices of these goods will likely decrease accordingly. American consumers will feel less financial pressure when purchasing these items, and domestic inflationary pressures can also be effectively alleviated, allowing more affordable shopping experiences. For American businesses, especially those relying on importing raw materials and components from China, the reduction in tariffs is a major benefit. For example, many car manufacturers in the U.S. import parts from China, and the high tariffs have greatly increased their procurement costs. With the reduction in tariffs, costs will decrease, expanding profit margins and enhancing competitiveness in the market. This will allow companies to scale up production, invest in research and development, and drive business growth. From the perspective of Chinese exporters, the reduction in U.S. tariffs is undoubtedly a positive signal. For a long time, high tariffs have placed immense pressure on Chinese export enterprises, making product prices less competitive and reducing orders. With the reduction in tariffs, the pressure on exports eases, allowing companies to focus more on expanding overseas markets and stabilizing operations. Some enterprises that were struggling due to high tariffs may seize this opportunity to return to normal operations and achieve better development. However, even if the U.S. reduces the tariff from 145% to 50%, this rate remains high. Under normal circumstances, international trade tariffs typically fall within a relatively reasonable range, and a 50% tariff far exceeds what is reasonable. This clearly indicates that the U.S. lacks sufficient sincerity in trade issues and its intention to curb China's development remains evident. The U.S. seems to still be attempting to maintain a certain level of high tariffs to exert pressure on Chinese export enterprises to achieve political or economic objectives in other areas. The Ministry of Commerce of China has made it clear that the U.S. must "show sincerity in negotiations." At a recent regular press conference held by the Ministry of Commerce, spokesperson He Yadong emphasized that if the U.S. genuinely wishes to resolve issues through negotiation, it must acknowledge the severe negative impacts of its unilateral tariff measures on itself and the globe. If the U.S. says one thing and does another, using negotiations as a pretext for continued coercion and blackmail, China will not agree and will not sacrifice principles or international fairness and justice to reach any agreement. However, Trump mentioned the case of Jimmy Lai, a Hong Kong pro-democracy activist, during an interview on May 8, which is clearly a politically motivated manipulation. Jimmy Lai is accused of colluding with foreign forces to undermine China's national security, which is purely an internal affair of China and unrelated to trade negotiations. Trump's attempt to include this in trade negotiations is merely to create "leverage" before negotiations to gain undue benefits, which runs counter to the sincerity required by China's Ministry of Commerce. If the U.S. continues this erroneous approach, it will not only fail to resolve economic and trade issues between the two countries but will further damage mutual political trust and push bilateral relations into deeper trouble. If the U.S. truly wants to resolve economic and trade disputes, it should genuinely recognize its mistakes, cancel unreasonable tariffs, respect China's core interests, and refrain from interfering in China's internal affairs. Only then can substantive progress be made in Sino-U.S. economic and trade negotiations, injecting momentum into the stable development of the economies of both countries and the global economy. Original source: https://www.toutiao.com/article/7502319114195632692/ Disclaimer: The article solely represents the author's views. Please express your attitude by clicking the "Like" or "Dislike" button below.