Tariffs for Chinese cars are 100%. Those of the solar panels are 50%. This increase is a declaration of trade war. It makes no sense in the 21st century. It can only be understood in an electoral way. Protectionism is only a temporal solution. Automatic substitution of imports is not feasible. Hence, the first victims of this polcity are the own US citizens.
Some related excerpts of Mr. Wang Yi (Minister of Foreign Affairs of China) declarations about US sanctions applied to China.
·Taking unscrupulous actions against China does not prove the strength of the United States but only reveals that the United States has lost confidence and direction.
It does not solve the U.S.’s own problems but will further impede the normal functioning of global industrial and supply chains.
It will not stop China’s development and rejuvenation but will only spur the 1.4 billion Chinese people to forge ahead with greater determination.
The WTO has drawn a clear conclusion that the U.S.’s Section 301 tariffs violate WTO rules and international law.
People with basic knowledge of international trade believe that the U.S. actions hurt others as well as the United States itself.»