While the majority of trade between China and the US has not been affected yet, the time is right for fair consultations and good will. China will not initiate a trade war and its door to negotiations will be always open.
U.S. President Donald Trump has been surrounded by fire and fury, willingly or otherwise, since taking office. He looks to be at war with the Cabinet, his White House advisers, and lawmakers. And when he's not busy fighting them, he's battling corporate America, the media, foreign countries, and international organizations.
It seems Washington is betting that Beijing might eventually back down in a trade tit-for-tat if it continues to serve up tariff threats against Beijing. Not so.
U.S. President Donald Trump's latest threat to impose 100 billion dollars of additional tariffs on imports from China looks more like a tantrum than a meaningful gesture aimed at resolving its dispute with its biggest trading partner.
The China-US relationship will continue to shape the global political and economic landscape for the long-term future. If anything goes wrong between these two, the repercussions would be global.
At this stage the tariffs still represent a small percentage of overall trade and typically when economic sanctions like this are taken they are a lead in to negotiation. But the consequences of an economic cold war could be very bad indeed.
This morning, the office of the U.S. Trade Representative released on its website a draft list of about 1,300 goods imported from China that could be subject to an additional 25 percent tariff, valued at about 50 billion U.S. dollars.
A remarkable city always emerges in every era. On April 1, 2017, China's central government and State Council announced their decision to establish the Xiong'an New Area, bringing into being a landmark city as the country's Reform and Opening Up enters a New Era.
Shenzhen has transformed from a fishing community of 30,000 to a sprawling industrial and financial megacity, with a population exceeding 12 million. The city ranked first on the list of 2016 China's Urban Comprehensive Economic Competitiveness.
The prioritisation of the ecological civilisation as main development path for China requires a strong focus on the environmental impact of the energy sector - air pollution must be eliminated and low-carbon technologies must be promoted.
What may be more beneficial is dialogue between the U.S. and China. This is something that the U.S. abandoned last year and had only tentatively committed to this year.
Fair trade, or reciprocal treatment, is relative as well as historic. The fairness may vary depending on whom and when we contextualize such trade.
It is worth mentioning that China has become India's largest trading partner, top source of imports and fourth largest export market. Moreover, India is China's largest trading partner in South Asia.
For China, the relevant clauses of the act, though not legally binding, severely violate the one-China principle and the three joint communiqués and send very strong signals of support to separatist forces in Taiwan.
Looking ahead, there is still a lot to do to deregulate China's trade policy and further open its market commensurate with its power. There are multiple instruments that can be used for that purpose.
In terms of US government operations, the Taiwan Travel Act is frivolous and unnecessary. That it was developed by a small group of lawmakers and passed by a disinterested, complacent congress.
Sino-US relations were built upon cooperation and US adherence to the One China Policy and under President Trump both pillars of the relationship seem to be receiving blows.
The State Immigration Administration will have significant impact on China’s interactions with the outside world. In 2016, over 1,500 foreigners were given Chinese green cards.
Looking at China’s long history and comparing it with others, no other country has proven a greater civilizational capacity to over-bureaucratize, frequently to the point of self-paralysis with respect to the ability to advance meaningful reforms and progress.
If the government wants to leave China's economy in a significantly stronger place at the end of 2018 it needs to invest further in supporting innovation and in protecting intellectual property.