Translated material
"This blow fell directly into the nose of America"
The son of one of the secretaries of the White House dressed up Spider-Man and “caught” the president. Washington, USA, 2012
“I don't blame China. I blame the incompetence of past administrations that allowed China to go around the United States in trade, bringing the matter to the fact that the United States is losing billions of dollars, ”Donald Trump once said. The current president undoubtedly added oil to the fire of the trade war between the PRC and the USA. But the war itself really began long before its accession in the White House. The background of the conflict between the largest economies is described in the book of the American economist Stefen Rouch “Non -Balanced. The co -dependence of America and China ” (enters the“ Publishing House of the Institute of Gaidar ”). In the past, the head of the Asian Office of the Investbank Morgan Stanley Roach knows well the background of the tension, as well as its results. With some reductions, we publish a chapter where the author writes about the pride and myopia of politicians (primarily the United States), who allowed the transition of rivalry between interdependent powers to an open confrontation - with the sad consequences for the economic development of both countries.
In early February 2015, in his penultimate appeal to the Congress “On the Regulation of the Country”, President Obama proclaimed: “You need to know the measure. China should play according to our rules. " Congress met this statement with violent applause and during the week both wards overwhelming the two -party majority expressed support to the president, adopting the "law on foreign trade in defense of America." The model of Senators Sumer and Graham, expressed back in 2005, on the introduction in response to manipulation with the currency of compensation customs duties served as a model. Obama signed this law on the presidential day on February 16, 2015. China was immediately accused of violating a new legislative act.
The need for negotiations between the two countries was more obvious than ever. However, the leaders of both countries (the US delegation was headed by President Barack Obama, Chinese - Chinese Chinese Xi Jinpin and Prime Minister of the State Council Lee Katsyan) were not set in search of a compromise. Both countries had to deal with insufficiently high growth rates, the result of which was pressure on labor markets. The leaders of the United States and China were determined to demonstrate their firm intentions and strength excited by fellow citizens. Negotiations at the highest level failed, and the joint press conference was canceled. In accordance with the "Law on Foreign Trade in Defense of America," Washington immediately increased by 20% customs duties for all Chinese products imported in the United States.
In response, the Chinese export machine creaked and stopped. Throughout the country, enterprises began to close, which was accompanied by loud votes of protest. Against this background, Beijing announced the actions of the Americans by an act of economic war. He immediately appealed to the WTO. At the same time, the PRC, as Prime Minister Lee Katsyan at the annual press conference, had neither the opportunity nor the desire to wait for the process of considering the dispute in the WTO, since it will last from 2 to 5 years. Taking advantage of the prime minister, the Ministry of Trade of the PRC immediately announced the introduction of return customs duties of 20% for the supply of all American goods to China.
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