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Economic Strategy Institute, said that in some product areas, will take place, “the United States against China” trade disputes, while Obama should safeguard U.S. interests, not to cause “dangerous confrontation with China” .
Obama said it would not benefit from maintaining the position of the U.S. economy back. As evidence, the government said, do not go the distance, as long as the Chinese-made tires look imposing punitive tariffs of 35% on the line.
Ever since Obama took office, his government has twice refused to call China a “currency manipulator”, which can lead to the title of a discussion of sanctions. But the U.S. Treasury Department made a clarification, saying the yuan is undervalued, saying that Obama may be meeting with Hu Jintao, a topic mentioned.
Definition of American industry, Beijing manipulated its currency, brought them great harm, because the RMB exchange rate is too low to drive down the price of Chinese products in foreign countries. Last year, total U.S. imports from China more 330 billion U.S. dollars, China was far ahead of other countries, the number one manufacturer of the United States trade deficit.
However, on the other hand, who do not buy U.S. bonds such as Beijing actively so much. China has accumulated about 8,000 billion of U.S. government bonds, has become the largest holder of U.S. government bonds. This gives China a new leverage against the United States, but also the two economies at an unprecedented level of intertwined closely.
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