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AILSA CHANG, HOST:
President Trump1 is ratcheting up the pressure on China over trade. The administration today threatened to raise proposed tariffs3 on Chinese imports from 10 percent to 25 percent. That would turn the ongoing4 tensions between Washington and Beijing into a full-fledged trade war. To help us explain what is unfolding, we're joined now by NPR's Jim Zarroli. Hey, Jim.
CHANG: So how did the White House explain why it's doing this?
ZARROLI: Well, the United States has already threatened to impose tariffs of 10 percent on $200 billion-worth of Chinese imports. And senior administration officials said today that President Trump has told U.S. trade representative Robert Lighthizer to consider raising the tariffs to 25 percent. This isn't a done deal. There's going to be a comment period, for instance, before this would go through. But clearly there's this effort now to show that the administration isn't going to back down. It's going to step up the pressure and sort of take this as far as they need...
CHANG: Right.
ZARROLI: ...It needs to.
CHANG: So how is China responding so far?
ZARROLI: Well, when news of this threat of a tariff2 increase came out today, Beijing issued a statement - a strong statement saying it wouldn't give in to blackmail6 and threats. And U.S. officials say this has been China's response all along. They - the administration says it's been in talks with China. Over and over again, it's asked it to address concerns about its unfair trade practices. The U.S. wants China to act more on a free-market basis, stop preventing U.S. companies that want to do business there from entering the market.
China hasn't addressed these concerns, the administration says. And, in fact, it's retaliated7 with tariffs of its own. The administration says they've essentially8 doubled down on their unfair practices, and there's no sign now that they're going to reverse course.
CHANG: So this constant one-upping, I mean, what does this say about the current state of the talks between U.S. - the U.S. and China?
ZARROLI: Well, I - it says the countries are - they're playing sort of a big game of chicken. I spoke9 today to Michael Camunez, who was in the Commerce Department in the Obama administration working on trade issues. And he says he thinks this has the potential to really escalate10 now.
MICHAEL CAMUNEZ: I think it is a very serious situation. I think it would be a very complicated thing to get out of because I don't see an easy remedy once we go down this path.
ZARROLI: And Camunez says one of the problems is that the Trump administration still seems to be talking out of both sides of its mouth. You have Treasury11 Secretary Steve Mnuchin, who has been trying to come to some kind of deal with China to resolve these issues. But there are others in the administration, people like Robert Lighthizer, the U.S. trade representative, who - who's often seemed to be on a different page.
CAMUNEZ: There are folks in the White House that really think that the best approach to China is a very aggressive one. And that position clearly seems to be prevailing12.
CHANG: So what does this all ultimately mean for American consumers? How are they going to feel all this?
ZARROLI: Well, it's not clear. I mean, one of the interesting things that's happened here is that as these trade tensions have played out really all over the world, we've seen what often happens, which is that people - investors13 turn to safe havens14 like U.S. Treasury debt, like the dollar. And the Chinese currency has actually weakened. So on the one hand, you have - and that tends to make the cost of Chinese imports to the United States lower.
So on the one hand, you have these tariffs that are supposed to increase the cost of imports. But the Chinese currency is weakening, so the costs are going down. So in general, we can't really tell what the impact is yet. But I think it's safe to say a lot of businesses and a lot - especially a lot of farmers are very nervous about where this is going.
CHANG: That's NPR's Jim Zarroli. Thank you, Jim.
ZARROLI: You're welcome.
(SOUNDBITE OF MAYBESHEWILL'S "WAKING LIFE")
1 trump | |
n.王牌,法宝;v.打出王牌,吹喇叭 | |
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2 tariff | |
n.关税,税率;(旅馆、饭店等)价目表,收费表 | |
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3 tariffs | |
关税制度; 关税( tariff的名词复数 ); 关税表; (旅馆或饭店等的)收费表; 量刑标准 | |
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4 ongoing | |
adj.进行中的,前进的 | |
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5 byline | |
n.署名;v.署名 | |
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6 blackmail | |
n.讹诈,敲诈,勒索,胁迫,恫吓 | |
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7 retaliated | |
v.报复,反击( retaliate的过去式和过去分词 ) | |
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8 essentially | |
adv.本质上,实质上,基本上 | |
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9 spoke | |
n.(车轮的)辐条;轮辐;破坏某人的计划;阻挠某人的行动 v.讲,谈(speak的过去式);说;演说;从某种观点来说 | |
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10 escalate | |
v.(使)逐步增长(或发展),(使)逐步升级 | |
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11 treasury | |
n.宝库;国库,金库;文库 | |
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12 prevailing | |
adj.盛行的;占优势的;主要的 | |
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13 investors | |
n.投资者,出资者( investor的名词复数 ) | |
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14 havens | |
n.港口,安全地方( haven的名词复数 )v.港口,安全地方( haven的第三人称单数 ) | |
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