Energy News  
TRADE WARS
Keep tariffs on China, outgoing US trade chief says
by AFP Staff Writers
Washington (AFP) Jan 11, 2021

Outgoing US President Donald Trump's trade chief on Monday urged President-elect Joe Biden to maintain tariffs imposed on China, arguing that they have shifted the balance of power in Washington's favor.

In an interview with The Wall Street Journal, US Trade Representative (USTR) Robert Lighthizer defended the Trump administration's tactics of slapping tariffs on hundreds of billions of dollars in Chinese goods starting in 2018.

"We changed the way people think about China," said Lighthizer, architect of the tariff policy that he argues benefited American workers, even though some economists disagree.

"We transformed the way people think about trade, and we transformed the way the models are... My hope is that that will continue," he said.

Lighthizer warned against a return in Washington to the policies of the 1990s, which he said focused too much on dialogue with Beijing that "did nothing. All of them were just a waste of time."

Trump campaigned on closing the yawning US trade deficit with China, condemning Beijing's "unfair" trade practices and subsidies, and accusing the country of forcing foreign firms to hand over their technologies in order to do business there.

The ensuing trade battle shook global markets, created uncertainty and reduced trade between the world's two largest economies.

Facing $370 billion in additional customs duties created by the tariffs, China signed an agreement early last year that obligated it to buy an additional $200 billion in US goods and services, open its financial markets and ease pressure on US companies.

Despite some analysts' expectations, the campaign did not cause an economic disaster, with the main consequence for the US being an increase in the prices of imported Chinese products.

Biden, who is set to take office next week, has said he does not plan to immediately change US trade policy on China.


Related Links
Global Trade News


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


TRADE WARS
Pompeo calls EU-China investment deal 'weak'
Washington (AFP) Jan 5, 2021
US Secretary of State Mike Pompeo criticized an EU investment deal with China as "weak" in an interview released Tuesday, warning that it does not protect against risks from Beijing. "As we stared at it, it was a weak agreement. It didn't protect the European workers from the predation of the Chinese Communist Party," Pompeo told the Bloomberg television show of investor David Rubenstein. Pompeo's criticism is the first in public from President Donald Trump's outgoing administration, although Pr ... read more

Comment using your Disqus, Facebook, Google or Twitter login.



Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

TRADE WARS
Winds of change: German weather maps to herald nation's diversity

Subscriptions to satellite alerts linked to decreased deforestation in Africa

A new TanSat XCO2 global product for climate studies

China launches new remote sensing satellite

TRADE WARS
China sees booming satellite navigation, positioning industry

Galileo satellites help rescue Vendee Globe yachtsman

BeiDou navigation base in south China targets services in ASEAN

GMV wins major contracts for Galileo Second Generation ground segment

TRADE WARS
Fire-resistant tropical forest on brink of disappearance

Land ecosystems are becoming less efficient at absorbing CO2

When dinosaurs disappeared, forests thrived

Storing carbon through tree planting, preservation costs more than thought

TRADE WARS
Energy sorghum may combine best of annual, perennial bioenergy crops

Scientists develop a cheaper method that might help create fuels from plants

Turning trash into valuable chemical products and clean fuels

Fruity energy, spidery lenses: Nature-inspired solutions in 2020

TRADE WARS
A polarization-driven guide to making high-performance, versatile solar cells

Using solar energy and agriculture to limit climate change, assist rural communities

Impurities boost performance of organic solar cells

KDC Solar Completes 1.6-Megawatt Solar Power Carport System for CentraState Medical

TRADE WARS
Deutsche WindGuard unlocks complex wind sites with ZX Lidars

Wind powers more than half of UK electricity for first time

ACWA Power signs three agreements for the first foreign investment based independent wind power project in Azerbaijan

Norway launches major wind power research centre

TRADE WARS
UK govt gives nod to new coal mine, enraging climate groups

Japan, South Korea to run with Viet coal plant despite climate vows

Millions facing winter power shortages in China as coal supply squeezed

Poland eyes hard split with coal

TRADE WARS
Hong Kong media tycoon Jimmy Lai ordered back to jail

Crowds throng Wuhan, where pandemic began, to celebrate New Year

Pompeo says jailing of activists shows China 'fragile dictatorship'

China jails 10 Hong Kong activists for three years; Two teens returned









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.