U.S.-China trade - tariff and non-tariff barriers

FILE PHOTO: Aides set up platforms before a group photo with members of U.S. and Chinese trade negotiation delegations at the Diaoyutai State Guesthouse in Beijing, China February 15, 2019. Mark Schiefelbein/Pool via REUTERS/File Photo - Copyright POOL(Reuters)

By Reuters

Published on 27/02/2019 - 06:34•Updated 19/04/2024 - 09:10

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By Patturaja Murugaboopathy

(Reuters) - U.S. President Donald Trump said this week he may soon sign a deal with Chinese President Xi Jinping to end a trade war blamed for slowing global economic growth and disrupting markets.

Citing progress in talks between the two countries, Trump said he would delay a planned increase in tariffs to 25 percent from 10 percent on $200 billion (151 billion pounds) of Chinese imports.

China's trade surplus with the United States, which is at the centre of their dispute, rose to $323.32 billion last year, the biggest on record going back to 2006.

For a graphic on China's trade surplus with the United States, see - https://tmsnrt.rs/2RSj3PM

China's average import tariff of 3.5 percent is the highest among top industrial nations, data from the World Bank shows, although its tariff rates have fallen sharply over the past 20 years.

For a graphic on China and G10 countries average tariff rate, see - https://tmsnrt.rs/2BT9Hu5

Trump and Xi called a 90-day truce last year to allow time for a deal to be negotiated. But the U.S. threat of tariff increases comes just as China is trying to support its cooling economy, so could offer Trump leverage in the talks.

Negotiators from both camps have been seeking to iron out differences over China's treatment of state-owned enterprises, subsidies, forced technology transfers and cyber theft.

The two sides are expected to sign memorandums of understanding (MOUs) for actions to be taken by China on issues ranging from structural reforms to trade and economic policies.

For a graphic on China's major exports, see - https://tmsnrt.rs/2RQShY9

For a graphic on China's average tariffs, see - https://tmsnrt.rs/2SXiFwB

For a graphic on China's technology firms R&D cost and ROE, see - https://tmsnrt.rs/2HjfZYQ

Reuters reported that both sides were drafting MOUs on cyber theft, intellectual property rights, services, agriculture and non-tariff barriers to trade, including subsidies.

For a graphic on US immigrant visas to Chinese residents, see - https://tmsnrt.rs/2E6CBbx

Trump administration officials have pointed to China's industrial subsidies, numerous regulations, business licensing procedures, product standards reviews and other practices as non-tariff barriers to trade.

For a graphic on U.S. non-tariff barriers, see - https://tmsnrt.rs/2E5xIze

(Reporting By Patturaja Murugaboopathy; Additional Reporting by Gaurav Dogra; Editing by Vidya Ranganathan and Neil Fullick)

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