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US Elections Heat Up, China Trade Tensions Rise
President Barack Obama and his opponent Mitt1 Romney are talking tough on trade with China.
Earlier this week, Obama announced a new World Trade Organization case over Chinese automobile3 subsidies4. He also brushed off accusations5 from his opponent that he is not doing enough to pressure China on unfair trade practices.
Beijing quickly responded with a WTO case of its own, challenging a new U.S. law that allows duties on subsidized goods from China.
"Both sides should resolve our differences in an appropriate manner on the basis of mutual6 respect and equal benefits, through dialogue and consultation," said Foreign Ministry7 spokesman Hong Lei. "We oppose the politicization of the issue, and the engagement in trade and investment protectionism.”
China’s Commerce Ministry responded to Washington’s WTO action more directly, arguing that Beijing is becoming a victim of election politics. But with the two countries’ economies so closely intertwined, analysts8 say it is becoming difficult to keep politics out of trade policy - especially as the U.S. economy continues to struggle.
"There is just an immense amount of frustration9 on both sides of the aisle10 [among both the Republican and Democrat11 parties] in the United States, in both parties in terms of what will work with China," said Patrick Chovanec, a Beijing-based economist12.
Not too long ago, Chinese trade disputes were a more abstract foreign policy issue, but they are now widely viewed as directly affecting American jobs and prosperity. The high stakes lead to more complaints.
"Some of the measures that the Obama administration has pursued have more merit than others," said Chovanec. "Input13 subsidies with Chinese raw materials and rules preventing access for American movies are some of the things that have the greatest merit, and really deal with, sort of, important issues in terms of market access to China. The tire tariff14 I think was more of a sop15 to the steel workers unions, and there have been others that have been more political in nature.”
The auto2 trade case President Obama filed this week was his second in recent months, and both coincided with trips to Ohio, an auto manufacturing state that could prove crucial in the November elections.
In July, the Obama administration accused China of placing unfair duties on some $3 billion worth of U.S. car exports. This week’s case focuses on $1 billion in subsidies the Chinese government provides companies for the export of cars and car parts.
1 mitt | |
n.棒球手套,拳击手套,无指手套;vt.铐住,握手 | |
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2 auto | |
n.(=automobile)(口语)汽车 | |
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3 automobile | |
n.汽车,机动车 | |
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4 subsidies | |
n.补贴,津贴,补助金( subsidy的名词复数 ) | |
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5 accusations | |
n.指责( accusation的名词复数 );指控;控告;(被告发、控告的)罪名 | |
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6 mutual | |
adj.相互的,彼此的;共同的,共有的 | |
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7 ministry | |
n.(政府的)部;牧师 | |
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8 analysts | |
分析家,化验员( analyst的名词复数 ) | |
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9 frustration | |
n.挫折,失败,失效,落空 | |
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10 aisle | |
n.(教堂、教室、戏院等里的)过道,通道 | |
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11 democrat | |
n.民主主义者,民主人士;民主党党员 | |
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12 economist | |
n.经济学家,经济专家,节俭的人 | |
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13 input | |
n.输入(物);投入;vt.把(数据等)输入计算机 | |
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14 tariff | |
n.关税,税率;(旅馆、饭店等)价目表,收费表 | |
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15 sop | |
n.湿透的东西,懦夫;v.浸,泡,浸湿 | |
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