Today 10:14 am
You are foolish if you think China hasn't tried to hide what they've been doing to the Untied States manufacturers. Yes, they impose a tariff on our good for starters - at least you recognized that. However, in addition to imposing a tariff, China has also:jerrab » Today, 9:03 am » wrote: ↑ you better hope so too. it would be trump's fault for claiming china had high tariffs so he raises tariffs
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In 2023, China's average tariff rate decreased to 7.3% from 7.4% in 2022. This involved adjustments to both import and export tariffs, including waivers for certain medical goods, increased tariffs on some commodities, and provisional tariff rates for specific items. The adjustments aimed to connect domestic and international resources and markets, with a focus on expanding imports of medical supplies, high-quality consumer goods, energy resources, and IT products, according to Deloitte.
- Provides monetary and land subsidies to export-heavy industries;
- Imposes strict limits on foreign companies attempting to sell to China such as: impose joint venture requirements forcing American manufacturers to partner with Chinese oligarchs to do any business in China
- Engages in protracted licensing delays to discourage American business in China and impose outright restrictions/bans on financial services, tech and media companies
- China's government (unlike America's government) refuses to purchase hardly any US goods or services
- American companies operating in China are compelled to transfer technology to Chinese companies as a condition of doing business
- China’s sate owned enterprises enjoy privileged access to financing, land, and government contracts, allowing them to undercut foreign competitors
- China smacks American businesses with onerous "standards and certification" requirements that are not imposed on Chinese businesses. It also strategically delays customs and inspections for American imports and imposes quotas that restrict American access to Chinese markets.