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[China Plus] Understanding Trump Tariffs: Globalization should be the solution

Wednesday,Aug 01, 2018

 

[Waching Online]

The Trump administration has been imposing punitive tariffs on 34 billion US dollars worth of Chinese imports as of July 6, 2018. Since then, China has taken retaliatory levies of the same amount to defend its interests. 

Statistics from the U.S. Census Bureau shows in 2017, the U.S. posted a $375.6 billion deficit in goods with China. Though the number is alarmingly huge, a Chinese expert points out the manufacturing products from China actually help keep the US inflation low for the last 15 to 20 years.

Noting the trade indifference, Dr. Wang Huiyao, president of the Center for China and Globalization(CCG), a think tank based in Beijing, says the issue has to be looked at on all fronts, rather than just on the amount of goods across the border.

 

From China Plus, 2018-7-16

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  • BRICS Summit: Stronger Partnership for a Brighter Future

    The World Today Studio inviting Charles Tang, President of Brazil-China Chamber of Commerce and Industry, and Dr. Wang Huiyao, President of Center for China and Globalization(CCG), to sharing their opinions about the relations between BRICS and global economy and the future of e-commerce and e-payment within BRICS and around the world.

  • 【CNBC】 Wang Huiyao: China and Africa have a lot of similarities

    China has strong ties with large African countries such as Kenya, but it’s also courting smaller economies such as Rwanda as well in the wake of trade tensions with the U.S., says Wang Huiyao of Center for China and Globalization(CCG).

  • 【CRI】Wang Huiyao: Diversification is always the best strategy

    The CRI studio invited Wang Huiyao, president of the Center for China and Globalization (CCG), to share his opinions about the general impacts of the trade friction.

  • CCG Weekly Acitivies | CCG expert: People-to-people exchange key to Asia-Europe ties

    CCG expert: People-to-people exchange key to Asia-Europe ties On July 10, the EU Commission held an experts’ meeting in Brussels to help plan for an ASEM connectivity system to be unveiled at this October’s Asia-Europe Meeting (ASEM) Leader’s Summit. Participants…