Tariffs in U.S.-China trade spat used as bargaining chips: scholar

Focus Taiwann
Date: 2018/06/16
By: Chen Chia-lun and Ko Lin

Taipei, June 16 (CNA) The recent exchange of punitive tariffs by the United States

CNA file photo

and China is simply a tactic employed by each side to increase their respective bargaining chips, a Taiwanese scholar said Saturday.

Liu Meng-chun (劉孟俊), director of the first research division of Taiwan’s Chung-Hua Institution for Economic Research, said there is still room for negotiation between the two sides, even if the U.S. is ready to impose tariffs on US$50 billion worth of Chinese goods.

U.S. President Donald Trump announced on Friday that his administration will impose an additional 25 percent tariff on up to US$50 billion worth of Chinese goods, including machinery, robotics, aerospace items, information technology devices and auto products.

Liu said he believes the U.S. is not targeting consumer electronics products such as smartphones and TV sets even though they are the main drivers of the U.S. trade deficit because Trump is looking for a quid pro quo with China, as occurred in the ZTE case.    [FULL  STORY]

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