US: Tensions between Beijing and Washington escalated due to the visit of US House Speaker Nancy Pelosi to Taiwan last week. Beijing, which views the island as an important component of its territory, retaliated by launching extensive military exercises in the Taiwan Strait and ending cooperation with the US in several areas.
In an opinion piece published on Friday, the state-run Chinese newspaper Global Times argued that Washington's decision to impose additional tariffs on Chinese goods is "stupid and wrong".
The news source cited media reports that claimed White House officials had changed their mind about whether to end some of the tariffs against Beijing or possibly as a result of those country's military exercises near Taiwan. In light of this, new charges should be imposed. In retaliation for US House Speaker Nancy Pelosi's recent visit to Taiwan, Beijing launched the exercise.
According to The Global Times, the US has repeatedly sent "contradictory signals on the tariff issue" over the past few months.
The Global Times blamed the White House for "always thinking about 'removing tariffs' in exchange for something," adding that Washington's "tariff war" isn't really going anywhere.
According to the Global Times, Washington's alleged most recent move to impose tariffs on China is "some kind of reaction to the current situation in the Taiwan Strait."
The Global Times said it is in America's best interest and for the US to "show its responsibility to the world as a great power" to "remove all additional tariffs imposed on China as soon as possible."
It came as Reuters, citing an unnamed source, reported that President Joe Biden has yet to make up his mind about whether to impose higher tariffs on China or toss the levy, with all his options still on the table. Huh.
The Trump administration had provided tariff exemptions for more than 2,200 import categories, including several critical chemicals and industrial components, but those were due to expire with Biden taking office in January 2021. Only 352 of them have been restored by Catherine Tai, US. business representative. According to reports, more than 140 American politicians and business organizations have inspired him to make a significant increase in the figures.
The Trump administration imposed tariffs on thousands of Chinese imports worth $370 billion in 2018 and 2019 to pressure China that the 45th US president has claimed theft of US intellectual property.
US "Furiously" Formulating New Deterrence Strategy Against China and Russia
Billionaire-backed tech fund hits headlines as US helps semiconductor industry
