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US-China trade growth has Australia asking whether WTO can stop ‘economic coercion’
Australia’s trade minister, Dan Tehan, visited Washington last month and discussed bilateral trade ties with US Trade Representative Katherine Tai. Photo: Handout
Despite vowing to support its ally, Australia, and take a stand against China for perceived economic coercion, the United States has done little to advance its commitment amid a lack of formal mechanisms and international trade rules to facilitate this strategy.
Instead, America is even reaping the benefits of Australia’s prolonged
trade and political dispute
with China by capitalising on an increase in Chinese demand for goods that Beijing has banned from down under.
The list of Australian goods that China has declared non grata includes wine and coal, and Beijing’s unofficial bans of those products, as well as constraints in Australian frozen beef supply, have allowed US exporters to slide in and
begin to fill the void
.
www.scmp.com
===============================================
US considers extending tariff relief for Chinese medical gear used to fight Covid-19
The administration of US President Joe Biden will soon decide whether to co
The administration of US President
Joe Biden
will soon decide whether to extend tariff exemptions for Chinese-made masks, gloves and other goods needed to fight the Covid-19 pandemic, according to a notice set to be published on Friday by the US Trade Representative’s office.
“With the recent spread of the Delta variant, COVID-19 cases in the United States are increasing again,” the notice says.
“In light of these changing circumstances, including the ability of the United States to obtain certain products domestically or from other sources, USTR is requesting public comments on whether to extend particular exclusions for COVID-19 products for up to six months,” it says.
www.scmp.com
- Wine, coal and beef exports from US to China are now far greater than those from Australia – a shift driven in large part by the geopolitical dispute between Beijing and Canberra
- Critics accuse Washington of doing little to help Australia in its China conflict, as American exporters cash in on increased demand amid supply shortages
Australia’s trade minister, Dan Tehan, visited Washington last month and discussed bilateral trade ties with US Trade Representative Katherine Tai. Photo: Handout
Despite vowing to support its ally, Australia, and take a stand against China for perceived economic coercion, the United States has done little to advance its commitment amid a lack of formal mechanisms and international trade rules to facilitate this strategy.
Instead, America is even reaping the benefits of Australia’s prolonged
trade and political dispute
with China by capitalising on an increase in Chinese demand for goods that Beijing has banned from down under.
The list of Australian goods that China has declared non grata includes wine and coal, and Beijing’s unofficial bans of those products, as well as constraints in Australian frozen beef supply, have allowed US exporters to slide in and
begin to fill the void
.
Surge in US-China trade has Australia wondering how to stop ‘economic coercion’
Critics accuse Washington of doing little to help Australia in its China dispute, as American exporters cash in on increased demand amid supply shortages.
www.scmp.com
US considers extending tariff relief for Chinese medical gear used to fight Covid-19
- The tariff exemptions on the medical goods and personal protective equipment used to fight Covid-19 are set to expire on September 30
- No broader decision has yet been made about other tariffs imposed during the Trump administration
The administration of US President Joe Biden will soon decide whether to co
The administration of US President
Joe Biden
will soon decide whether to extend tariff exemptions for Chinese-made masks, gloves and other goods needed to fight the Covid-19 pandemic, according to a notice set to be published on Friday by the US Trade Representative’s office.
“With the recent spread of the Delta variant, COVID-19 cases in the United States are increasing again,” the notice says.
“In light of these changing circumstances, including the ability of the United States to obtain certain products domestically or from other sources, USTR is requesting public comments on whether to extend particular exclusions for COVID-19 products for up to six months,” it says.
US may extend China tariff exemptions for medical equipment used in pandemic
The tariff exemptions on the medical goods and personal protective equipment used to fight Covid-19 are set to expire on September 30.
www.scmp.com
