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Time for Biden to end senseless, self-defeating US trade war with China: SCMP

Xinhua | Updated: 2022-05-11 11:00

US President Joe Biden [Photo/Agencies]

HONG KONG - It is time for US President Joe Biden to end the senseless, self-defeating US trade war with China, as it has cost up to 245,000 American jobs and fuelled US inflation, according to an opinion piece recently published by the South China Morning Post (SCMP).

"The US trade war against China has proved to be futile at best and self-defeating at worst. The reality is that the US will continue to rely on products imported from China for now," the article argued.

US tariffs on Chinese imports are hurting American consumers directly and indirectly when US firms pass on the costs, according to the article.

As the trade war continues, many US and Chinese manufacturers have used different strategies to reduce import tariffs on products of Chinese origin, it said. "But these workarounds are making global supply chains even more complex and vulnerable."

"At the end of the day, this trade war has no winners. It's time to call it quits," the article concluded.

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