Judy Shelton, Trump economic adviser Friday hinted at, finds that China is manipulating its currency, he said Trump is a "word" person. Trang Pucheng early promise in his first day as President to declare China a currency manipulator, also threatened to 45% of high tariffs on Chinese imports.
Once a country a currency manipulator, United States to not only to the Government through the IMF imposed pressure to adjust its exchange rate policy, more likely by means of trade retaliation. Trump after the election could exacerbate the outflow of Chinese capital, thereby increasing medium-term currency pressure.
Tariff of 45%?! It received! At this time many small partners panic. But a careful look at, although the United States is China's largest export, but to the United States to trade exposures continue to shrink, according to Morgan Stanley estimates, even if that 45% of the punitive tariffs, China's total exports will fall by only 13%.
United States a quarter of China's total exports rose from 21% to 17% five years ago, but contributed to China's trade surplus 43%.
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2016 1 September statistics show, China the United States exports is the largest telecommunication equipment ($ 56 billion), Office equipment ($ 47 billion), electronic equipment ($ 33 billion), apparel ($ 24 billion) and furniture ($ 16 billion).
China to the United States most dependent industries are furniture, export 39% per cent of total furniture exports to the United States, followed by the metal ore and scrap metal (33%), footwear (33%), telecommunication and sound recording equipment (29%), handbags (26%).
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If the United States raised tariffs on China
Due to high profits for exporters, China (5%), absorbed United States tariffs on limited capacity to shock. Tariff increase will be fully posted to China export commodity prices. If United States tariffs on China by the current up to 2.8%, 15%, 30%, 45% (see Republican debate in March: Edition.CNN.com/2016/03/10/politics/Republican-debate-transcript-full-text/), China the United States exports will be big hit, respectively, and 21%, and 72% ; But China's total exports of medium-term corresponding decline of the rate of increase is much narrower, respectively, and 4%, and 13%.
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United States increased tariffs could not immediately
Trump before raising tariffs, the Government will first of all domestic and international communication on the matter and, after the Congress passed, and also through domestic long judicial review. In addition there is a series of trade disputes settlement mechanism in WTO and United States should give priority to select the WTO to settle trade disputes, a WTO member. So the United States is unlikely to be true in the short term more tightening of China's trade policies.
Once a country a currency manipulator, United States to not only to the Government through the IMF imposed pressure to adjust its exchange rate policy, more likely by means of trade retaliation. Trump after the election could exacerbate the outflow of Chinese capital, thereby increasing medium-term currency pressure.
Tariff of 45%?! It received! At this time many small partners panic. But a careful look at, although the United States is China's largest export, but to the United States to trade exposures continue to shrink, according to Morgan Stanley estimates, even if that 45% of the punitive tariffs, China's total exports will fall by only 13%.
United States a quarter of China's total exports rose from 21% to 17% five years ago, but contributed to China's trade surplus 43%.
undefined
2016 1 September statistics show, China the United States exports is the largest telecommunication equipment ($ 56 billion), Office equipment ($ 47 billion), electronic equipment ($ 33 billion), apparel ($ 24 billion) and furniture ($ 16 billion).
China to the United States most dependent industries are furniture, export 39% per cent of total furniture exports to the United States, followed by the metal ore and scrap metal (33%), footwear (33%), telecommunication and sound recording equipment (29%), handbags (26%).
undefined
If the United States raised tariffs on China
Due to high profits for exporters, China (5%), absorbed United States tariffs on limited capacity to shock. Tariff increase will be fully posted to China export commodity prices. If United States tariffs on China by the current up to 2.8%, 15%, 30%, 45% (see Republican debate in March: Edition.CNN.com/2016/03/10/politics/Republican-debate-transcript-full-text/), China the United States exports will be big hit, respectively, and 21%, and 72% ; But China's total exports of medium-term corresponding decline of the rate of increase is much narrower, respectively, and 4%, and 13%.
undefined
United States increased tariffs could not immediately
Trump before raising tariffs, the Government will first of all domestic and international communication on the matter and, after the Congress passed, and also through domestic long judicial review. In addition there is a series of trade disputes settlement mechanism in WTO and United States should give priority to select the WTO to settle trade disputes, a WTO member. So the United States is unlikely to be true in the short term more tightening of China's trade policies.
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