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US will tax China gift box

April 26, 2023
According to Reuters, the United States will impose temporary anti-dumping duties of up to 231% on gift boxes and other types of packaging ribbons imported from mainland China. On the day before the United States announced this measure, the Ministry of Commerce of the People's Republic of China just announced the implementation of temporary anti-dumping measures against white feather broiler products. Experts said that in order to solve the domestic economic difficulties, Obama will frequently launch disasters in China. In 2010, China’s trade sanctions and counter-sanctions were unavoidable.

According to a Reuters report on the 6th, the U.S. Department of Commerce stated that due to the extremely low selling prices of gift boxes and packaging ribbons produced in mainland China, it has decided to impose anti-dumping duties of up to 231%. For Taiwan, the largest source of American ribbons, only 4.54% of the tax is levied.

The U.S. move was considered to be a clear retaliatory measure. It was targeted at the Ministry of Commerce of the People's Republic of China preliminary ruling on the 5th day that dumping of white feather broiler products existed. The U.S. responding company was ruled to have a dumping margin ranging from 43.1% to 80.5%. The dumping margin was 105.4%.

According to industry insiders, U.S. companies generally go to China to purchase gift boxes and packaging ribbons for orders. They are commonly used for the packaging of holiday gifts such as Valentine's Day. The anti-dumping tax is levied at a maximum of 231%, and Americans also have to suffer losses because they have to pay more.

Sino-US trade disputes have been frequent since September last year and have recently been intensive. On December 30 last year, the U.S. International Trade Commission finalized the decision to impose customs duties on China Oil Wells, involving US$2.7 billion in U.S. steel prices and more than 90 Chinese steel enterprises. This is the largest case involving U.S. trade sanctions against China. Since January of this year, the United States has successively ruled to impose high anti-dumping tariffs on Chinese wire mesh trays and electric blankets, and launched a "double reverse" investigation on Chinese-made drill pipes.

"After the outbreak of the financial crisis, U.S. trade protectionism has remarkably increased. China has become the biggest victim of abuse of trade remedies by the United States." Yao Jian, spokesman of the Ministry of Commerce, once stated in a speech that "Some people are trying to bring domestic conflicts into the United States." The transfer of economic issues to other countries is irresponsible and does not help."

Jin Canrong, vice president of the School of International Relations at Renmin University of China, said in an interview with the Economic Information Daily that Obama had set the tone for this year’s policy in his State of the Union address earlier this year: To reduce unemployment, control deficits, and help The middle class revives, and all this depends on long-term economic growth. In order to achieve long-term economic growth, it is necessary to adjust the domestic economic structure and double exports within five years. Therefore, it is foreseeable that in order to solve the domestic economic difficulties in 2010, the United States will make frequent attacks on China, and China’s trade sanctions and anti-sanctions between China and the US are inevitable.
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