The Trump administration is now focused on altering "trade and current account imbalances," Dana Peterson, director of North America economics with Citi Research, told Xinhua in a recent interview.
Besides renegotiating trade agreements, the United States is also more publicly pursuing complaints in the World Trade Organization (WTO), launching high-profile investigations of "tax and trade abuses," and imposing punitive trade actions, she said, adding that "the current course is likely to continue throughout 2018."
There is a significant risk of further anti-China trade actions by the Trump administration, said Stephen Roach, a senior fellow at Yale University's Jackson Institute for Global Affairs.
Last August, the U.S. Trade Representative launched so-called Section 301 investigations against China in three broad areas: intellectual property rights, innovation and technology development. This is likely to lead to follow-up sanctions.
Meanwhile, Washington has initiated a Section 232 investigation into the "national security threat posed by unfair steel imports," which takes dead aim at China, the world's largest steel producer, Roach said.
"If those additional actions occur, I fully expect China to retaliate with trade sanctions of its own on U.S. exporters -- a tough blow to America's third-largest and most rapidly growing export market," Roach said.
"China is concerned about the U.S. side's serious trade protectionist tendency in the field of steel products," said Wang Hejun, head of the trade remedy and investigation bureau under China's Ministry of Commerce, in a statement on Tuesday.
【国内英语资讯:Spotlight: U.S., China have better options to address trade issues】相关文章:
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