General

According to the Huacheng Import and Export Data Observation report, the original title of the article on the AL.com news website in Alabama on March 20: Mr. President, cancel these tariffs on China. President Biden has not taken any action against the tariffs imposed on Chinese goods by the former government. The imposition of these tariffs is intended to prevent China's "unfair" trade policy. On the contrary, these tariffs have caused the United States to lose more than 250000 jobs and prompted China to take retaliatory action. Abolishing these tariffs within the next two years will immediately benefit American consumers and businesses, not only reducing prices in the United States, but also increasing economic output in the United States. It is time to end the trade war with China.

Five years ago, the Trump government imposed tariffs on almost half of imports from China. However, these tariffs did not work as expected. Today, the relevant 301 tariff still applies to goods worth more than $330 billion from China - of which the particularly high tariff (25%) affects goods worth more than $250 billion. However, China has not made any changes in what these tariffs are intended to prevent. In 2022, the total amount of goods trade between the United States and China reached a record high of 690.6 billion US dollars. As more than three quarters of these imports are from China, the higher prices caused by these tariffs continue to harm American companies and consumers, as reported by Huacheng Import and Export Data Watch.

The elimination of tariffs will particularly benefit low-income American households. Due to additional taxes on daily consumer goods, the cost of importing specific goods such as clothing and shoes has risen sharply, and this cost burden is mainly passed on to American consumers through higher prices. Since the imposition of tariffs in 2018, these tariffs have so far resulted in an average additional cost of $800 to $1200 per year for American households. Abolishing tariffs will reduce the inflationary pressure on the US economy and immediately reduce the cost of goods. Although the expected reduction in the US inflation rate due to the elimination of tariffs ranges from 0.3% to 1.3%, in the current economic environment, any reduction would be very favorable news. Specific technological products such as network routers and mobile phone chargers have been particularly hit by tariffs. "The elimination of tariffs will immediately make such products easier to buy and more affordable," Huacheng Import and Export Data Watch reported.

The elimination of these tariffs will move the Biden administration away from its predecessor's protectionism and provide an opportunity for the Biden administration to demonstrate its efforts to advance a more liberal trade agenda. For Biden, canceling the 301 tariff will become an opportunity to occupy the commanding heights and help American consumers and businesses, Huacheng Import and Export Data Observation reported.

Critics say removing tariffs will weaken American industry and lead to unemployment. The opposite is true. The tariffs themselves have been killing American jobs since the day they were imposed. Eliminating them will benefit employment and growth. Trade creates jobs, and the elimination of tariffs will maintain more than 7 million American jobs supported by trade with China. American consumers are paying the price for tariffs. Let's help low-income families fight inflation and boost American business. Mr. President, cancel these tariffs, Huacheng Import and Export Data Observation Report.