The United States Intends To Strengthen Anti-Dumping Rules &Nbsp; China Or Targets.

According to sources, the more than 10 new proposals will be put forward on Thursday, at least one of which may lead to higher tariffs on Chinese exports to the US.

Trade experts believe that in the mid-term elections countdown, the US side's similar practices are showing suspicion, and it is very difficult to finally pass and implement them.

However, similar trends also reflect that the rising protectionism in the new situation after the financial crisis may make China's foreign trade environment more difficult.

Imports increase pain in White House nerves

According to overseas media quoted 26 senior officials of the US Department of Commerce,

A senior official of the US Department of Commerce told the media that the plan is aimed at strengthening the effectiveness of US trade protection measures in various fields.

"The plan will be implemented in autumn."

The official said.

In order to achieve the goal of doubling US exports over the next 5 years by President Obama, US Commerce Secretary Luo Jiahui has ordered a review of the Ministry of Commerce's rules and procedures on anti-dumping and countervailing duties.

The industry revealed that the main reason for increasing trade protection was the latest US trade data, especially the unexpected increase in imports.

Data released by the US Department of Commerce earlier this month showed that the US trade deficit reached US $49 billion 900 million in June, an increase of 18.8% over last month, and the highest level since October 2008.

The trade deficit in May was revised to $41 billion 980 million.

This is the expansion of the US trade deficit for third consecutive months.

What is more nervous to the US authorities is that imports increased by 3% to $200 billion 350 million in June, while exports dropped by 1.3% to $150 billion 450 million, the biggest decline since April 2009.

The relative strength of imports indicates that the goal of "external demand pull" advocated by the US government is still very far away.

The Commerce Department officials said several of the new proposals could have a bigger impact.

For example

China may be affected

Another new proposal is to modify the old rules.

According to the existing rules, if a foreign company can prove that its products are not dumping in the United States in the three annual administrative review, the company can be excluded from the US anti-dumping list.

But according to the new proposal, such a practice will be halted.

Even if there are three annual passes, these companies still need to be on the anti-dumping blacklist, but the tariff rate they bear is zero. Once the Ministry of Commerce finds new unfair trade evidence, the anti-dumping duties of these companies will be raised.

Experts also noted that the new proposal of the US Department of Commerce to strengthen anti-dumping measures involves less than 3% of the total export volume to the US, so the scope and extent of the impact should be small.

According to us commerce ministry officials, at least one of the 14 proposals currently under discussion may lead to higher tariffs on China.

In recent years, China has often become the object of complaints about unfair trade in the United States, and this has become increasingly evident since the financial crisis.

In the proposal of the US Department of Commerce, there is a direct export to China.

According to the proposal, the US Department of commerce can deduct export tax rebates first when calculating anti-dumping or countervailing duties from China.

The US Commerce Department official said China would "no doubt" feel uncomfortable about the proposal because it would make the final tariff level even higher.

However, the new proposal has not made a decision on whether China's exchange rate policy constitutes an unfair subsidy.

Some US lawmakers claim that the RMB exchange rate is "undervalued" and that China's exports have an unfair price advantage in the global market.

Trade "nerve warfare" is not good for the US {page_break}

Insiders said that the Obama administration once again intensified its trade protectionism and hyped its trade with China, largely due to the consideration of the mid-term elections.

The support rate of the Democratic Party and Obama has continued to decline in recent days. Obama has publicly stated that the Democratic Party may lose majority seats in the mid-term elections.

For the US side's plan to strengthen anti-dumping measures, Mei Xin Yu, a researcher at the Chinese Ministry of Commerce, said in an interview with the Shanghai Securities News reporter on Thursday that "this is a show war for the interior, and a nerve war for the outside world".

In other words, "take something that is not necessarily able to pass away to frighten others and expect others to give in".

Mei Xin Yu said that the United States called for a higher tariff on China, the scope is not clear.

"Is it to levy anti-dumping duties or countervailing duties on one or more commodities, or to impose tariffs on all Chinese products?" in addition, if tariffs are imposed on all products in China, it means a comprehensive trade war, which is clearly not the original intention of the Obama administration.

In view of this, Mei Xin Yu believes that the Chinese side should continue to adhere to the strategy of "focusing on myself" to the new anti-dumping measures of the United States, closely observe and understand the next move of the other side, but there is no need to be surprised.

Facts have proved that many US trade protectionism measures against China are just the opposite.

For example, the US National Trade Commission of the United States said on the 25 th that the implementation of the US tire safeguard measures in China for the past year did not reduce the total import volume of the US tire, nor did it help the tire manufacturing industry to increase employment. On the contrary, it increased the burden on the American consumers.

Fu Qiangen, President of the National Committee of the US China trade, wrote to us president Obama 25 days ago that the import of cheap tires from the United States has been reduced, but imports from other countries have increased substantially, and the total import volume has exceeded the level before the implementation of special safeguard measures.

At the same time, the employment of tire manufacturing industry has not stopped because of the implementation of special safeguard measures.

Moreover, after the implementation of special safeguard measures, the tire prices in the US domestic market rose significantly, which aggravated the burden of American consumers.

Of course, from another perspective, experts point out that similar events also indicate that as a trading power, China's international trade environment after the financial crisis is more complex and difficult, and there will be more frictions.

Zhang Ping, director of China's national development and Reform Commission, said on the 26 th that in the first half of this year, 38 cases of trade remedy investigations were carried out in China, and have become the biggest victims of trade protection.