The Taiwan crisis has continued the conflict between China and America
The crisis over Taiwan has extended the Sino-US tariff war as the White House thinks now is probably not the right time to lift tariffs imposed on Chinese goods by the previous administration in Washington.
The President Joseph Biden for months it had considered removing or at least easing tariffs on imports from China to reduce inflation, but such a decision was complicated by events in Taiwan. As reported by Reuters, things remain as they are, but Biden is not ruling out any possibility, from removing tariffs to introducing new ones. The Biden administration is fighting to change the tariffs so that they don't th accused Republicans of rewarding Beijing after the Chinese military conducted military exercises near Taiwan for nearly a week.
The government in Beijing said yesterday that the army had finished the maneuvers, but that it would continue to patrol the Taiwan Strait that separates China from the disputed territory. The president Xi Jinping ordered military exercises in response to last week's visit to Taipei by a senior US official Nancy Pelosi. Despite the warnings of Сand not to "play with fire", chairmanthe calf of the House of Representatives visited the Far East, which worsened Sino-American relations. The maneuvers, which included a simulated attack on the disputed territory, sparked a new crisis in the region, which Nancy Pelosi addressed on Wednesday. According to her, the United States must not allow increasing Chinese pressure on Taipei, embodied in military exercises, to become a common occurrence.
The West Wing takes in taking into account different interests when deciding on a change in trade policy towards the second largest economy in the world. Part of Biden's team believes that the president should not lift the sanctions in order not to appear weak in relations with Beijing. More of a reason for the status quo are unions, whose members, mostly Democratic voters, believe that high tariffs protect American jobs.
On the opposite side again from this consideration are American companies that import parts from China and complain that their products have become more expensive because of the duty on goods from this country. Some officials are also in favor of abolishing customs duties, who believe that the cheapening of Chinese products would slow down the growth of prices in America. When asked the question that worries them the most, the largest number of Americans in the polls ahead of the November elections for the Capitol answer that it is inflation.
At the same time nand Pennsylvania Avenue are considering eliminating tariffs on products that American companies can only source from China. The previous administration also made exemptions for industrial components and chemicals, but the deadline for their exemption passed last year.
Otherwise co 2018, the administration of Donald Trump imposed tariffs of up to 25 percent on $360 billion worth of Chinese goods. As Beijing immediately retaliated in kind, the Sino-US tariff war began. Trump justified the decision by claiming that the government of Сand artificially devalues the yuan, steals the intellectual property of сthe ilicon valley in the USA.
In Biden's office these days they hesitate have given to remove certain Chinese products from the blacklist because the other party did not honor the agreement to buy more American products. The Trump administration he asked again from China to import more American goods in exchange for a "truce" in the tariff war. Although Beijing agreed to this condition, it never implemented it.