Time to Negotiate on Trade with China

(Cato Institute) On the U.S. side, there have been complaints about, among other things, China’s high tariffs and non-tariff barriers; and its alleged currency manipulation, intellectual property theft and cyberhacking of U.S. business secrets. At the same time, the Chinese complain about unfair treatment in the review of their investment in the United States, and being considered a “non-market economy” in anti-dumping cases.

Currently, China’s average tariff is 9.7 percent, while the average U.S. tariff is 4 percent.

Source: By Simon Lester and Huan Zhu, Cato Institute

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