According to the report, Dai Qi said in an interview with The Wall Street Journal that she knew that related tariffs would also bring burdens to American enterprises and consumers, even though those who supported the taxation of imported goods from China thought that taxation could protect American enterprises from the competition of subsidized foreign enterprises. Dai Qi said that she also heard the call to cancel tariffs, but Dai Qi warned that unless the message of policy change is conveyed in a way that all parties in all economic activities can make adjustments, sudden and vigorous cancellation of tariffs will hurt American companies, traders, manufacturers and their workers who have adapted to the post-tariff trade environment. Dai Qi did not provide more specific details about Biden's tariff plan.
Dai Qi also expressed the thoughtful consideration of Biden's administration for the reason why the United States does not cancel the tariffs on goods imported from China at present. Dai Qi said, "No negotiator will give up his bargaining chip, right?"
It is understood that during Trump's administration, the US government imposed tariffs on China goods worth about $370 billion every year. According to US media reports on the 25th, the United States still imposes tariffs on 66% of China's goods. Taxes raise the prices of various materials such as baseball caps, suitcases, bicycles, televisions, sports shoes and those used by American manufacturers.
According to the data of the U.S. Customs and Border Protection, so far, the tariffs imposed on goods from China have caused losses of more than $82 billion to American importers. A report by Moody's Analytics found that in the first year after the tariff came into effect, 300,000 jobs and 0.3 percentage point of GDP in the United States were affected. At that time, the threat of imposing tariffs on existing tariffs or raising their tariff rates created an extremely uncertain environment for imported goods and hindered American business investment. In addition, an estimate by JPMorgan Chase found that levying tariffs cost every American family about $600 a year on average.
This is not the first time that Dai Qi has talked about China. When attending the appointment hearing of the US Senate in February, she said that China is a competitor, a trading partner and a big country for the United States, and both sides also need cooperation to meet some global challenges.
It is understood that Dai Qi is the first Chinese American trade representative in the United States. From 2007 to 20 14, he worked as a lawyer in charge of China affairs in the Office of the US Trade Representative, handling the dispute lawsuit brought by the United States against China in the World Trade Organization. In the nomination of her trade representative, she passed the nomination with 98 votes in favor and 0 votes against.