President Trump Renews Threat of Tariffs = Against=20 China in Response to COVID-19 Pandemic | = =E7=89=B9=E6=9C=97=E6=99=AE=E6=80=BB=E7=BB=9F=E9=87=8D=E7=94=B3=E5=AF=B9=E4= =B8=AD=E5=9B=BD=E5=8A=A0=E5=BE=81=E5=85=B3=E7=A8=8E=E7=9A=84=E5=A8=81=E8=83= =81=E5=BA=94=E5=AF=B9=E6=96=B0=E5=86=A0=E7=96=AB=E6=83=85=E7=9A=84=E5=A4=A7= =E6=B5=81=E8=A1=8C
DOWNLOAD PDF =- Heusel, = Mark =20 =20
-
Industry Alerts =
=20
Dickinson Wright China Update = - 31st=20 Edition
As the =
United=20
States continues to combat COVID-19, the Trump Administration has turned =
a page=20
in its playbook from solving the problem to finding fault with =
adversaries of=20
the Administration, both internal and external. In a few swift =
announcements=20
last week, what started a few weeks ago as saber-rattling when Secretary =
Pompeo=20
placed blame for the pandemic on China, is now promising to move the =
U.S.=20
further into isolationism and threaten the unfulfilled peace between =
China and=20
the U.S. These unfortunate developments portend new protectionist =
policies from=20
the Administration that are already shaking the markets. It further =
suggests=20
that over the next several months, as election fervor returns and the =
President=20
seeks cover from the economic fallout of the pandemic, the President =
will be=20
more intent on finding fault and punishing China than restoring the =
early seeds=20
of success in the Phase I U.S. =E2=80=93 China Trade=20
Agreement.
=E9=9A=8F=E7=9D=80=E7=BE=8E=E5=9B=BD=E7=BB=A7= =E7=BB=AD=E4=B8=8E=E6=96=B0=E5=86=A0=E7=96=AB=E6=83=85=E4=BD=9C=E6=88=98=EF= =BC=8C=E7=89=B9=E6=9C=97=E6=99=AE=E6=94=BF=E5=BA=9C=E5=B7=B2=E5=B0=86=E5=85= =B6=E6=8A=97=E7=96=AB=E6=88=98=E6=9C=AF=E4=BB=8E=E8=A7=A3=E5=86=B3=E9=97=AE= =E9=A2=98=E8=BD=AC=E7=A7=BB=E5=88=B0=E4=BA=86=E5=9C=A8=E6=94=BF=E5=BA=9C=E5= =86=85=E9=83=A8=E6=94=BF=E6=95=8C=E5=92=8C=E5=A4=96=E9=83=A8=E5=AF=B9=E6=89= =8B=E8=BA=AB=E4=B8=8A=E5=AF=BB=E6=89=BE=E8=BF=87=E5=A4=B1=E3=80=82=E4=BB=8E= =E8=BF=87=E5=8E=BB=E4=B8=80=E5=91=A8=E6=89=80=E5=8F=91=E5=B8=83=E7=9A=84=E5= =85=AC=E5=91=8A=E6=9D=A5=E7=9C=8B=EF=BC=8C=E5=87=A0=E5=91=A8=E5=89=8D=E5=9B= =BD=E5=8A=A1=E5=8D=BF=E5=BD=AD=E4=BD=A9=E5=A5=A5=E5=89=91=E6=8B=94=E5=BC=A9= =E5=BC=A0=E5=9C=B0=E5=B0=B1=E6=96=B0=E5=86=A0=E7=96=AB=E6=83=85=E7=9A=84=E5= =A4=A7=E7=88=86=E5=8F=91=E5=AF=B9=E4=B8=AD=E5=9B=BD=E5=8F=91=E5=87=BA=E7=9A= =84=E6=8C=87=E8=B4=A3=E7=8E=B0=E5=9C=A8=E5=B7=B2=E6=9C=89=E6=9C=9B=E4=BD=BF= =E7=BE=8E=E5=9B=BD=E8=BF=9B=E4=B8=80=E6=AD=A5=E8=B5=B0=E5=90=91=E5=AD=A4=E7= =AB=8B=E4=B8=BB=E4=B9=89=E4=B8=94=E5=A8=81=E8=83=81=E7=9D=80=E7=BE=8E=E4=B8= =AD=E4=B9=8B=E9=97=B4=E5=B0=9A=E6=9C=AA=E5=AE=9E=E7=8E=B0=E7=9A=84=E5=92=8C= =E5=B9=B3=E3=80=82=E8=BF=99=E4=BA=9B=E4=BB=A4=E4=BA=BA=E9=81=97=E6=86=BE=E7= =9A=84=E4=BA=8B=E6=80=81=E5=8F=91=E5=B1=95=E6=84=8F=E5=91=B3=E7=9D=80=E6=94= =BF=E5=BA=9C=E6=96=B0=E7=9A=84=E8=B4=B8=E6=98=93=E4=BF=9D=E6=8A=A4=E4=B8=BB= =E4=B9=89=E6=94=BF=E7=AD=96=E5=B7=B2=E7=BB=8F=E5=8A=A8=E6=91=87=E4=BA=86=E5= =B8=82=E5=9C=BA=E3=80=82=E8=BF=99=E8=BF=9B=E4=B8=80=E6=AD=A5=E8=A1=A8=E6=98= =8E=EF=BC=8C=E5=9C=A8=E6=9C=AA=E6=9D=A5=E5=87=A0=E4=B8=AA=E6=9C=88=EF=BC=8C= =E9=9A=8F=E7=9D=80=E5=A4=A7=E9=80=89=E7=83=AD=E6=BD=AE=E7=9A=84=E5=9B=9E=E5= =BD=92=E4=BB=A5=E5=8F=8A=E6=80=BB=E7=BB=9F=E8=AF=95=E5=9B=BE=E5=AF=BB=E6=B1= =82=E6=8E=A9=E7=9B=96=E7=96=AB=E6=83=85=E7=BB=99=E7=BE=8E=E5=9B=BD=E7=BB=8F= =E6=B5=8E=E5=B8=A6=E6=9D=A5=E7=9A=84=E5=90=8E=E6=9E=9C=EF=BC=8C=E4=B8=8E=E6= =81=A2=E5=A4=8D=E5=9C=A8=E7=AC=AC=E4=B8=80=E9=98=B6=E6=AE=B5=E7=BE=8E=E4=B8= =AD=E8=B4=B8=E6=98=93=E5=8D=8F=E5=AE=9A=E4=B8=AD=E8=BE=BE=E6=88=90=E7=9A=84= =E6=88=90=E5=8A=9F=E8=90=8C=E8=8A=BD=E7=9B=B8=E6=AF=94=EF=BC=8C=E6=80=BB=E7= =BB=9F=E5=B0=86=E6=9B=B4=E5=80=BE=E5=90=91=E4=BA=8E=E5=80=9F=E6=9C=BA=E6=8C= =87=E8=B4=A3=E5=92=8C=E6=83=A9=E7=BD=9A=E4=B8=AD=E5=9B=BD=E3=80=82
Last=20 Thursday, President Trump announced that his Administration was = considering=20 retaliatory measures against China as punishment for the coronavirus = outbreak.=20 Notably, Trump called to impose new tariffs on Chinese imports and said = that the=20 trade deal with China was now "of secondary importance" to the COVID-19=20 pandemic. Currently, $370 billion worth of Chinese goods remain subject = to as=20 much as 25% additional tariffs on imported goods, which were justified = by the=20 Administration as necessary to change China=E2=80=99s own trade = policies. With Trump=E2=80=99s=20 new undefined threat, there may not be much left in the cupboard to = cajole=20 Beijing but perhaps just enough to build the President=E2=80=99s record = on China in=20 anticipation of the November elections. Nonetheless, on Sunday, Trump = told=20 reporters, =E2=80=9Ctariffs at a minimum are the greatest = negotiating tool that we=20 have ever devised and we never used for negotiations,=E2=80=9D and = =E2=80=9Cit=E2=80=99s the=20 ultimate punishment.=E2=80=9D Trump, however, did not stop with = China and turned=20 his anger towards the World Health Organization and many other = countries,=20 including=20 Canada.
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Following Trump=E2=80=99s=20 statements, the U.S. Markets responded quickly with a level of new = anxiety, only=20 worsening what has been a dismal first two quarters. Voices from various = industries opposing the imposition of new tariffs also came out after = the=20 news.
=E7=89=B9=E6=9C=97=E6=99=AE=E5=8F=91=E8=A1=A8=E5=A3=B0= =E6=98=8E=E5=90=8E=EF=BC=8C=E7=BE=8E=E5=9B=BD=E5=B8=82=E5=9C=BA=E8=BF=85=E9= =80=9F=E5=81=9A=E5=87=BA=E4=BA=86=E5=9B=9E=E5=BA=94=EF=BC=8C=E4=BA=A7=E7=94= =9F=E4=BA=86=E6=96=B0=E7=9A=84=E7=84=A6=E8=99=91=E6=83=85=E7=BB=AA=EF=BC=8C= =E8=BF=99=E5=8F=AA=E4=BC=9A=E8=AE=A9=E5=89=8D=E4=B8=A4=E4=B8=AA=E5=AD=A3=E5= =BA=A6=E7=9A=84=E4=BD=8E=E8=BF=B7=E5=B1=80=E9=9D=A2=E8=BF=9B=E4=B8=80=E6=AD= =A5=E6=81=B6=E5=8C=96=E3=80=82=E8=AF=A5=E6=B6=88=E6=81=AF=E4=BC=A0=E5=87=BA= =E5=90=8E=EF=BC=8C=E5=90=84=E8=A1=8C=E5=90=84=E4=B8=9A=E4=B9=9F=E5=8F=91=E5= =87=BA=E4=BA=86=E5=8F=8D=E5=AF=B9=E5=BE=81=E6=94=B6=E6=96=B0=E5=85=B3=E7=A8= =8E=E7=9A=84=E5=A3=B0=E9=9F=B3=E3=80=82
On=20 Friday, the President declared a national emergency over potential = foreign=20 threats to the nation=E2=80=99s electricity grid, thereby paving the way = for the=20 government to block imports of certain equipment necessary to supporting = the=20 U.S.=E2=80=99s demands. Again, this move suggests that the = Administration intends to=20 de-couple from China in areas that it feels threaten the U.S.=E2=80=99s = national=20 security interest, a common retort throughout Trump=E2=80=99s term. Over = the weekend,=20 the Administration=E2=80=99s deputies took to supporting the = President=E2=80=99s actions and=20 promising that economic measures were in the works to unravel the = U.S.=E2=80=99s=20 reliance on China=E2=80=99s supply chain. All of these moves will leave = U.S. companies=20 that are invested in China in turbulent waters as Beijing will certainly = retaliate, just as it did when the Administration rolled out the Section = 301=20 tariffs.
=E4=B8=8A=E5=91=A8=E4=BA=94=EF=BC=8C=E6=80=BB=E7=BB=9F=E5= =AE=A3=E5=B8=83=E5=85=A8=E5=9B=BD=E7=B4=A7=E6=80=A5=E7=8A=B6=E6=80=81=EF=BC= =8C=E4=BB=A5=E5=BA=94=E5=AF=B9=E5=A4=96=E5=9B=BD=E5=AF=B9=E7=BE=8E=E5=9B=BD= =E5=9B=BD=E5=AE=B6=E7=94=B5=E7=BD=91=E5=8F=AF=E8=83=BD=E6=9E=84=E6=88=90=E7= =9A=84=E5=A8=81=E8=83=81=EF=BC=8C=E4=BB=8E=E8=80=8C=E4=B8=BA=E6=94=BF=E5=BA= =9C=E7=A6=81=E6=AD=A2=E8=BF=9B=E5=8F=A3=E7=BE=8E=E5=9B=BD=E6=89=80=E9=9C=80= =E7=9A=84=E6=9F=90=E4=BA=9B=E8=AE=BE=E5=A4=87=E9=93=BA=E5=B9=B3=E4=BA=86=E9= =81=93=E8=B7=AF=E3=80=82=E8=BF=99=E4=B8=80=E4=B8=BE=E5=8A=A8=E5=86=8D=E6=AC= =A1=E8=A1=A8=E6=98=8E=EF=BC=8C=E7=BE=8E=E5=9B=BD=E6=94=BF=E5=BA=9C=E6=89=93= =E7=AE=97=E5=9C=A8=E5=85=B6=E8=AE=A4=E4=B8=BA=E5=A8=81=E8=83=81=E5=88=B0=E7= =BE=8E=E5=9B=BD=E5=9B=BD=E5=AE=B6=E5=AE=89=E5=85=A8=E5=88=A9=E7=9B=8A=E7=9A= =84=E9=A2=86=E5=9F=9F=E4=B8=8E=E4=B8=AD=E5=9B=BD=E8=84=B1=E9=92=A9=EF=BC=8C= =E5=9B=BD=E5=AE=B6=E5=AE=89=E5=85=A8=E5=88=A9=E7=9B=8A=E6=98=AF=E7=89=B9=E6= =9C=97=E6=99=AE=E4=BB=BB=E6=9C=9F=E6=83=AF=E7=94=A8=E7=9A=84=E9=87=87=E5=8F= =96=E5=8F=8D=E5=87=BB=E4=B8=BE=E6=8E=AA=E7=9A=84=E9=A2=86=E5=9F=9F=E3=80=82= =E4=B8=8A=E5=91=A8=E6=9C=AB=EF=BC=8C=E7=BE=8E=E5=9B=BD=E6=94=BF=E5=BA=9C=E7= =9A=84=E4=BB=A3=E8=A1=A8=E4=BB=AC=E5=BC=80=E5=A7=8B=E7=BA=B7=E7=BA=B7=E8=A1= =A8=E6=80=81=E6=94=AF=E6=8C=81=E6=80=BB=E7=BB=9F=E7=9A=84=E8=A1=8C=E5=8A=A8= =EF=BC=8C=E5=B9=B6=E6=89=BF=E8=AF=BA=E5=B0=86=E9=87=87=E5=8F=96=E7=BB=8F=E6= =B5=8E=E6=8E=AA=E6=96=BD=E6=9D=A5=E7=93=A6=E8=A7=A3=E7=BE=8E=E5=9B=BD=E5=AF= =B9=E4=B8=AD=E5=9B=BD=E4=BE=9B=E5=BA=94=E9=93=BE=E7=9A=84=E4=BE=9D=E8=B5=96= =E3=80=82=E6=89=80=E6=9C=89=E7=9A=84=E8=BF=99=E4=BA=9B=E4=B8=BE=E5=8A=A8=E5= =BF=85=E5=B0=86=E4=BD=BF=E5=B7=B2=E7=BB=8F=E5=9C=A8=E4=B8=AD=E5=9B=BD=E8=BF= =99=E4=B8=80=E5=85=A8=E7=90=83=E6=9C=80=E5=A4=A7=E7=9A=84=E5=B8=82=E5=9C=BA= =E5=BC=80=E5=B1=95=E4=B8=9A=E5=8A=A1=E7=9A=84=E7=BE=8E=E5=9B=BD=E5=85=AC=E5= =8F=B8=E9=99=B7=E5=85=A5=E5=8A=A8=E8=8D=A1=E7=9A=84=E6=97=8B=E6=B5=81=EF=BC= =8C=E5=9B=A0=E4=B8=BA=E5=8C=97=E4=BA=AC=E6=96=B9=E9=9D=A2=E5=BE=88=E5=8F=AF= =E8=83=BD=E5=A6=82=E7=BE=8E=E5=9B=BD=E6=94=BF=E5=BA=9C=E6=8E=A8=E5=87=BA3= 01=E5=85=B3=E7=A8=8E=E6=9D=A1=E6=AC=BE=E4=B8=80=E6=A0=B7=E5=AE=9E=E6=96=BD= =E6=8A=A5=E5=A4=8D=E6=80=A7=E4=B8=BE=E6=8E=AA=E3=80=82
As=20 we have seen over the last two years, this remains a fluid situation. We = will=20 continue to monitor the latest moves from the Administration and its = impact on=20 U.S.-China trade=20 relations.
=E6=AD=A3=E5=A6=82=E6=88=91=E4=BB=AC=E5=9C=A8=E8=BF=87=E5= =8E=BB=E4=B8=A4=E5=B9=B4=E4=B8=AD=E6=89=80=E7=9C=8B=E5=88=B0=E7=9A=84=E9=82= =A3=E6=A0=B7=EF=BC=8C=E7=BE=8E=E4=B8=AD=E8=B4=B8=E6=98=93=E5=B1=80=E5=8A=BF= =E4=BB=8D=E7=84=B6=E6=98=AF=E4=B8=8D=E7=A8=B3=E5=AE=9A=E7=9A=84=E3=80=82=E6= =88=91=E4=BB=AC=E5=B0=86=E7=BB=A7=E7=BB=AD=E5=85=B3=E6=B3=A8=E6=94=BF=E5=BA= =9C=E7=9A=84=E6=9C=80=E6=96=B0=E5=8A=A8=E5=90=91=E5=8F=8A=E5=85=B6=E5=AF=B9= =E7=BE=8E=E4=B8=AD=E8=B4=B8=E6=98=93=E5=85=B3=E7=B3=BB=E7=9A=84=E5=BD=B1=E5= =93=8D=E3=80=82 =20
=E9=9A=8F=E7=9D=80=E7=BE=8E=E5=9B=BD=E7=BB=A7= =E7=BB=AD=E4=B8=8E=E6=96=B0=E5=86=A0=E7=96=AB=E6=83=85=E4=BD=9C=E6=88=98=EF= =BC=8C=E7=89=B9=E6=9C=97=E6=99=AE=E6=94=BF=E5=BA=9C=E5=B7=B2=E5=B0=86=E5=85= =B6=E6=8A=97=E7=96=AB=E6=88=98=E6=9C=AF=E4=BB=8E=E8=A7=A3=E5=86=B3=E9=97=AE= =E9=A2=98=E8=BD=AC=E7=A7=BB=E5=88=B0=E4=BA=86=E5=9C=A8=E6=94=BF=E5=BA=9C=E5= =86=85=E9=83=A8=E6=94=BF=E6=95=8C=E5=92=8C=E5=A4=96=E9=83=A8=E5=AF=B9=E6=89= =8B=E8=BA=AB=E4=B8=8A=E5=AF=BB=E6=89=BE=E8=BF=87=E5=A4=B1=E3=80=82=E4=BB=8E= =E8=BF=87=E5=8E=BB=E4=B8=80=E5=91=A8=E6=89=80=E5=8F=91=E5=B8=83=E7=9A=84=E5= =85=AC=E5=91=8A=E6=9D=A5=E7=9C=8B=EF=BC=8C=E5=87=A0=E5=91=A8=E5=89=8D=E5=9B= =BD=E5=8A=A1=E5=8D=BF=E5=BD=AD=E4=BD=A9=E5=A5=A5=E5=89=91=E6=8B=94=E5=BC=A9= =E5=BC=A0=E5=9C=B0=E5=B0=B1=E6=96=B0=E5=86=A0=E7=96=AB=E6=83=85=E7=9A=84=E5= =A4=A7=E7=88=86=E5=8F=91=E5=AF=B9=E4=B8=AD=E5=9B=BD=E5=8F=91=E5=87=BA=E7=9A= =84=E6=8C=87=E8=B4=A3=E7=8E=B0=E5=9C=A8=E5=B7=B2=E6=9C=89=E6=9C=9B=E4=BD=BF= =E7=BE=8E=E5=9B=BD=E8=BF=9B=E4=B8=80=E6=AD=A5=E8=B5=B0=E5=90=91=E5=AD=A4=E7= =AB=8B=E4=B8=BB=E4=B9=89=E4=B8=94=E5=A8=81=E8=83=81=E7=9D=80=E7=BE=8E=E4=B8= =AD=E4=B9=8B=E9=97=B4=E5=B0=9A=E6=9C=AA=E5=AE=9E=E7=8E=B0=E7=9A=84=E5=92=8C= =E5=B9=B3=E3=80=82=E8=BF=99=E4=BA=9B=E4=BB=A4=E4=BA=BA=E9=81=97=E6=86=BE=E7= =9A=84=E4=BA=8B=E6=80=81=E5=8F=91=E5=B1=95=E6=84=8F=E5=91=B3=E7=9D=80=E6=94= =BF=E5=BA=9C=E6=96=B0=E7=9A=84=E8=B4=B8=E6=98=93=E4=BF=9D=E6=8A=A4=E4=B8=BB= =E4=B9=89=E6=94=BF=E7=AD=96=E5=B7=B2=E7=BB=8F=E5=8A=A8=E6=91=87=E4=BA=86=E5= =B8=82=E5=9C=BA=E3=80=82=E8=BF=99=E8=BF=9B=E4=B8=80=E6=AD=A5=E8=A1=A8=E6=98= =8E=EF=BC=8C=E5=9C=A8=E6=9C=AA=E6=9D=A5=E5=87=A0=E4=B8=AA=E6=9C=88=EF=BC=8C= =E9=9A=8F=E7=9D=80=E5=A4=A7=E9=80=89=E7=83=AD=E6=BD=AE=E7=9A=84=E5=9B=9E=E5= =BD=92=E4=BB=A5=E5=8F=8A=E6=80=BB=E7=BB=9F=E8=AF=95=E5=9B=BE=E5=AF=BB=E6=B1= =82=E6=8E=A9=E7=9B=96=E7=96=AB=E6=83=85=E7=BB=99=E7=BE=8E=E5=9B=BD=E7=BB=8F= =E6=B5=8E=E5=B8=A6=E6=9D=A5=E7=9A=84=E5=90=8E=E6=9E=9C=EF=BC=8C=E4=B8=8E=E6= =81=A2=E5=A4=8D=E5=9C=A8=E7=AC=AC=E4=B8=80=E9=98=B6=E6=AE=B5=E7=BE=8E=E4=B8= =AD=E8=B4=B8=E6=98=93=E5=8D=8F=E5=AE=9A=E4=B8=AD=E8=BE=BE=E6=88=90=E7=9A=84= =E6=88=90=E5=8A=9F=E8=90=8C=E8=8A=BD=E7=9B=B8=E6=AF=94=EF=BC=8C=E6=80=BB=E7= =BB=9F=E5=B0=86=E6=9B=B4=E5=80=BE=E5=90=91=E4=BA=8E=E5=80=9F=E6=9C=BA=E6=8C= =87=E8=B4=A3=E5=92=8C=E6=83=A9=E7=BD=9A=E4=B8=AD=E5=9B=BD=E3=80=82
Last=20 Thursday, President Trump announced that his Administration was = considering=20 retaliatory measures against China as punishment for the coronavirus = outbreak.=20 Notably, Trump called to impose new tariffs on Chinese imports and said = that the=20 trade deal with China was now "of secondary importance" to the COVID-19=20 pandemic. Currently, $370 billion worth of Chinese goods remain subject = to as=20 much as 25% additional tariffs on imported goods, which were justified = by the=20 Administration as necessary to change China=E2=80=99s own trade = policies. With Trump=E2=80=99s=20 new undefined threat, there may not be much left in the cupboard to = cajole=20 Beijing but perhaps just enough to build the President=E2=80=99s record = on China in=20 anticipation of the November elections. Nonetheless, on Sunday, Trump = told=20 reporters, =E2=80=9Ctariffs at a minimum are the greatest = negotiating tool that we=20 have ever devised and we never used for negotiations,=E2=80=9D and = =E2=80=9Cit=E2=80=99s the=20 ultimate punishment.=E2=80=9D Trump, however, did not stop with = China and turned=20 his anger towards the World Health Organization and many other = countries,=20 including=20 Canada.
=E4=B8=8A=E5=91=A8=E5=9B=9B=EF=BC=8C=E7=89=B9=E6=9C=97=E6=99= =AE=E6=80=BB=E7=BB=9F=E5=AE=A3=E5=B8=83=EF=BC=8C=E4=BB=96=E7=9A=84=E6=94=BF= =E5=BA=9C=E6=AD=A3=E5=9C=A8=E8=80=83=E8=99=91=E5=AF=B9=E4=B8=AD=E5=9B=BD=E9= =87=87=E5=8F=96=E6=8A=A5=E5=A4=8D=E6=8E=AA=E6=96=BD=EF=BC=8C=E4=BD=9C=E4=B8= =BA=E5=AF=B9=E6=96=B0=E5=86=A0=E7=96=AB=E6=83=85=E7=88=86=E5=8F=91=E7=9A=84= =E6=83=A9=E7=BD=9A=E3=80=82=E5=85=B6=E4=B8=AD=E5=80=BC=E5=BE=97=E6=B3=A8=E6= =84=8F=E7=9A=84=E6=98=AF=EF=BC=8C=E7=89=B9=E6=9C=97=E6=99=AE=E5=91=BC=E5=90= =81=E5=AF=B9=E4=B8=AD=E5=9B=BD=E8=BF=9B=E5=8F=A3=E5=95=86=E5=93=81=E5=BE=81= =E6=94=B6=E6=96=B0=E5=85=B3=E7=A8=8E=EF=BC=8C=E5=B9=B6=E8=A1=A8=E7=A4=BA=E8= =BE=83=E7=9B=AE=E5=89=8D=E6=96=B0=E5=86=A0=E7=96=AB=E6=83=85=E7=9B=B8=E6=AF= =94=EF=BC=8C=E4=B8=8E=E4=B8=AD=E5=9B=BD=E7=AD=BE=E8=AE=A2=E7=9A=84=E7=9A=84= =E8=B4=B8=E6=98=93=E5=8D=8F=E5=AE=9A=E7=8E=B0=E5=9C=A8=E5=B7=B2=E6=98=AF=E2= =80=9C=E6=AC=A1=E8=A6=81=E7=9A=84=E2=80=9D=E3=80=82=E7=9B=AE=E5=89=8D=EF=BC= =8C=E4=BB=B7=E5=80=BC3700=E4=BA=BF=E7=BE=8E=E5=85=83=E7=9A=84=E4=B8=AD=E5= =9B=BD=E5=95=86=E5=93=81=E4=BB=8D=E9=9C=80=E7=BC=B4=E7=BA=B3=E6=9C=80=E9=AB= =9825=EF=BC=85=E7=9A=84=E9=A2=9D=E5=A4=96=E5=85=B3=E7=A8=8E=EF=BC=8C=E4=B8= =94=E7=BE=8E=E5=9B=BD=E6=94=BF=E5=BA=9C=E8=AE=A4=E4=B8=BA=E8=BF=99=E6=98=AF= =E6=94=B9=E5=8F=98=E4=B8=AD=E5=9B=BD=E8=B4=B8=E6=98=93=E6=94=BF=E7=AD=96=E6= =89=80=E5=BF=85=E9=9C=80=E9=87=87=E5=8F=96=E7=9A=84=E8=A1=8C=E5=8A=A8=E3=80= =82=E7=89=B9=E6=9C=97=E6=99=AE=E5=B0=9A=E6=9C=AA=E6=98=8E=E7=A1=AE=E7=9A=84= =E6=96=B0=E5=85=B3=E7=A8=8E=E7=9A=84=E5=A8=81=E8=83=81=EF=BC=8C=E5=8F=AF=E8= =83=BD=E6=A9=B1=E6=9F=9C=E9=87=8C=E5=B7=B2=E7=BB=8F=E6=B2=A1=E6=9C=89=E5=A4= =9A=E5=B0=91=E5=8F=AF=E4=BB=A5=E7=94=A8=E6=9D=A5=E8=AF=B4=E6=9C=8D=E5=8C=97= =E4=BA=AC=E6=96=B9=E9=9D=A2=E7=9A=84=E4=B8=9C=E8=A5=BF=E4=BA=86=EF=BC=8C=E4= =BD=86=E8=BF=99=E6=88=96=E8=AE=B8=E8=B6=B3=E4=BB=A5=E8=AE=A9=E6=80=BB=E7=BB= =9F=E5=9C=A811=E6=9C=88=E5=A4=A7=E9=80=89=E4=B9=8B=E5=89=8D=E5=BB=BA=E7=AB= =8B=E8=B5=B7=E5=85=B6=E5=AF=B9=E4=B8=AD=E5=9B=BD=E5=BC=BA=E7=A1=AC=E6=94=BF= =E7=AD=96=E7=9A=84=E8=AE=B0=E5=BD=95=E3=80=82=E5=9C=A8=E5=91=A8=E6=97=A5=EF= =BC=8C=E7=89=B9=E6=9C=97=E6=99=AE=E5=91=8A=E8=AF=89=E8=AE=B0=E8=80=85:=20 "=E6=9C=80=E4=BD=8E=E5=85=B3=E7=A8=8E=E6=98=AF=E6=88=91=E4=BB=AC=E8=AE= =BE=E8=AE=A1=E7=9A=84=E6=9C=80=E4=BC=9F=E5=A4=A7=E7=9A=84=E8=B0=88=E5=88=A4= =E5=B7=A5=E5=85=B7=EF=BC=8C=E6=88=91=E4=BB=AC=E4=BB=8E=E6=9C=AA=E5=9C=A8=E8= =B0=88=E5=88=A4=E4=B8=AD=E4=BD=BF=E7=94=A8=E8=BF=87" = =E8=80=8C=E4=B8=94"=E6=98=AF=E6=9C=80=E7=BB=88=E7=9A=84=E6=83=A9=E7=BD= =9A=E3=80=82"=20 =E7=84=B6=E8=80=8C=EF=BC=8C=E7=89=B9=E6=9C=97=E6=99=AE=E5=B9=B6=E6=B2=A1=E6= =9C=89=E6=AD=A2=E6=AD=A5=E4=BA=8E=E4=B8=AD=E5=9B=BD=EF=BC=8C=E4=BB=96=E6=8A= =8A=E6=84=A4=E6=80=92=E8=BD=AC=E5=90=91=E4=BA=86=E4=B8=96=E7=95=8C=E5=8D=AB= =E7=94=9F=E7=BB=84=E7=BB=87=E5=92=8C=E5=8C=85=E6=8B=AC=E5=8A=A0=E6=8B=BF=E5= =A4=A7=E5=9C=A8=E5=86=85=E7=9A=84=E8=AE=B8=E5=A4=9A=E5=85=B6=E4=BB=96=E5=9B= =BD=E5=AE=B6=E3=80=82
Following Trump=E2=80=99s=20 statements, the U.S. Markets responded quickly with a level of new = anxiety, only=20 worsening what has been a dismal first two quarters. Voices from various = industries opposing the imposition of new tariffs also came out after = the=20 news.
=E7=89=B9=E6=9C=97=E6=99=AE=E5=8F=91=E8=A1=A8=E5=A3=B0= =E6=98=8E=E5=90=8E=EF=BC=8C=E7=BE=8E=E5=9B=BD=E5=B8=82=E5=9C=BA=E8=BF=85=E9= =80=9F=E5=81=9A=E5=87=BA=E4=BA=86=E5=9B=9E=E5=BA=94=EF=BC=8C=E4=BA=A7=E7=94= =9F=E4=BA=86=E6=96=B0=E7=9A=84=E7=84=A6=E8=99=91=E6=83=85=E7=BB=AA=EF=BC=8C= =E8=BF=99=E5=8F=AA=E4=BC=9A=E8=AE=A9=E5=89=8D=E4=B8=A4=E4=B8=AA=E5=AD=A3=E5= =BA=A6=E7=9A=84=E4=BD=8E=E8=BF=B7=E5=B1=80=E9=9D=A2=E8=BF=9B=E4=B8=80=E6=AD= =A5=E6=81=B6=E5=8C=96=E3=80=82=E8=AF=A5=E6=B6=88=E6=81=AF=E4=BC=A0=E5=87=BA= =E5=90=8E=EF=BC=8C=E5=90=84=E8=A1=8C=E5=90=84=E4=B8=9A=E4=B9=9F=E5=8F=91=E5= =87=BA=E4=BA=86=E5=8F=8D=E5=AF=B9=E5=BE=81=E6=94=B6=E6=96=B0=E5=85=B3=E7=A8= =8E=E7=9A=84=E5=A3=B0=E9=9F=B3=E3=80=82
On=20 Friday, the President declared a national emergency over potential = foreign=20 threats to the nation=E2=80=99s electricity grid, thereby paving the way = for the=20 government to block imports of certain equipment necessary to supporting = the=20 U.S.=E2=80=99s demands. Again, this move suggests that the = Administration intends to=20 de-couple from China in areas that it feels threaten the U.S.=E2=80=99s = national=20 security interest, a common retort throughout Trump=E2=80=99s term. Over = the weekend,=20 the Administration=E2=80=99s deputies took to supporting the = President=E2=80=99s actions and=20 promising that economic measures were in the works to unravel the = U.S.=E2=80=99s=20 reliance on China=E2=80=99s supply chain. All of these moves will leave = U.S. companies=20 that are invested in China in turbulent waters as Beijing will certainly = retaliate, just as it did when the Administration rolled out the Section = 301=20 tariffs.
=E4=B8=8A=E5=91=A8=E4=BA=94=EF=BC=8C=E6=80=BB=E7=BB=9F=E5= =AE=A3=E5=B8=83=E5=85=A8=E5=9B=BD=E7=B4=A7=E6=80=A5=E7=8A=B6=E6=80=81=EF=BC= =8C=E4=BB=A5=E5=BA=94=E5=AF=B9=E5=A4=96=E5=9B=BD=E5=AF=B9=E7=BE=8E=E5=9B=BD= =E5=9B=BD=E5=AE=B6=E7=94=B5=E7=BD=91=E5=8F=AF=E8=83=BD=E6=9E=84=E6=88=90=E7= =9A=84=E5=A8=81=E8=83=81=EF=BC=8C=E4=BB=8E=E8=80=8C=E4=B8=BA=E6=94=BF=E5=BA= =9C=E7=A6=81=E6=AD=A2=E8=BF=9B=E5=8F=A3=E7=BE=8E=E5=9B=BD=E6=89=80=E9=9C=80= =E7=9A=84=E6=9F=90=E4=BA=9B=E8=AE=BE=E5=A4=87=E9=93=BA=E5=B9=B3=E4=BA=86=E9= =81=93=E8=B7=AF=E3=80=82=E8=BF=99=E4=B8=80=E4=B8=BE=E5=8A=A8=E5=86=8D=E6=AC= =A1=E8=A1=A8=E6=98=8E=EF=BC=8C=E7=BE=8E=E5=9B=BD=E6=94=BF=E5=BA=9C=E6=89=93= =E7=AE=97=E5=9C=A8=E5=85=B6=E8=AE=A4=E4=B8=BA=E5=A8=81=E8=83=81=E5=88=B0=E7= =BE=8E=E5=9B=BD=E5=9B=BD=E5=AE=B6=E5=AE=89=E5=85=A8=E5=88=A9=E7=9B=8A=E7=9A= =84=E9=A2=86=E5=9F=9F=E4=B8=8E=E4=B8=AD=E5=9B=BD=E8=84=B1=E9=92=A9=EF=BC=8C= =E5=9B=BD=E5=AE=B6=E5=AE=89=E5=85=A8=E5=88=A9=E7=9B=8A=E6=98=AF=E7=89=B9=E6= =9C=97=E6=99=AE=E4=BB=BB=E6=9C=9F=E6=83=AF=E7=94=A8=E7=9A=84=E9=87=87=E5=8F= =96=E5=8F=8D=E5=87=BB=E4=B8=BE=E6=8E=AA=E7=9A=84=E9=A2=86=E5=9F=9F=E3=80=82= =E4=B8=8A=E5=91=A8=E6=9C=AB=EF=BC=8C=E7=BE=8E=E5=9B=BD=E6=94=BF=E5=BA=9C=E7= =9A=84=E4=BB=A3=E8=A1=A8=E4=BB=AC=E5=BC=80=E5=A7=8B=E7=BA=B7=E7=BA=B7=E8=A1= =A8=E6=80=81=E6=94=AF=E6=8C=81=E6=80=BB=E7=BB=9F=E7=9A=84=E8=A1=8C=E5=8A=A8= =EF=BC=8C=E5=B9=B6=E6=89=BF=E8=AF=BA=E5=B0=86=E9=87=87=E5=8F=96=E7=BB=8F=E6= =B5=8E=E6=8E=AA=E6=96=BD=E6=9D=A5=E7=93=A6=E8=A7=A3=E7=BE=8E=E5=9B=BD=E5=AF= =B9=E4=B8=AD=E5=9B=BD=E4=BE=9B=E5=BA=94=E9=93=BE=E7=9A=84=E4=BE=9D=E8=B5=96= =E3=80=82=E6=89=80=E6=9C=89=E7=9A=84=E8=BF=99=E4=BA=9B=E4=B8=BE=E5=8A=A8=E5= =BF=85=E5=B0=86=E4=BD=BF=E5=B7=B2=E7=BB=8F=E5=9C=A8=E4=B8=AD=E5=9B=BD=E8=BF= =99=E4=B8=80=E5=85=A8=E7=90=83=E6=9C=80=E5=A4=A7=E7=9A=84=E5=B8=82=E5=9C=BA= =E5=BC=80=E5=B1=95=E4=B8=9A=E5=8A=A1=E7=9A=84=E7=BE=8E=E5=9B=BD=E5=85=AC=E5= =8F=B8=E9=99=B7=E5=85=A5=E5=8A=A8=E8=8D=A1=E7=9A=84=E6=97=8B=E6=B5=81=EF=BC= =8C=E5=9B=A0=E4=B8=BA=E5=8C=97=E4=BA=AC=E6=96=B9=E9=9D=A2=E5=BE=88=E5=8F=AF= =E8=83=BD=E5=A6=82=E7=BE=8E=E5=9B=BD=E6=94=BF=E5=BA=9C=E6=8E=A8=E5=87=BA3= 01=E5=85=B3=E7=A8=8E=E6=9D=A1=E6=AC=BE=E4=B8=80=E6=A0=B7=E5=AE=9E=E6=96=BD= =E6=8A=A5=E5=A4=8D=E6=80=A7=E4=B8=BE=E6=8E=AA=E3=80=82
As=20 we have seen over the last two years, this remains a fluid situation. We = will=20 continue to monitor the latest moves from the Administration and its = impact on=20 U.S.-China trade=20 relations.
=E6=AD=A3=E5=A6=82=E6=88=91=E4=BB=AC=E5=9C=A8=E8=BF=87=E5= =8E=BB=E4=B8=A4=E5=B9=B4=E4=B8=AD=E6=89=80=E7=9C=8B=E5=88=B0=E7=9A=84=E9=82= =A3=E6=A0=B7=EF=BC=8C=E7=BE=8E=E4=B8=AD=E8=B4=B8=E6=98=93=E5=B1=80=E5=8A=BF= =E4=BB=8D=E7=84=B6=E6=98=AF=E4=B8=8D=E7=A8=B3=E5=AE=9A=E7=9A=84=E3=80=82=E6= =88=91=E4=BB=AC=E5=B0=86=E7=BB=A7=E7=BB=AD=E5=85=B3=E6=B3=A8=E6=94=BF=E5=BA= =9C=E7=9A=84=E6=9C=80=E6=96=B0=E5=8A=A8=E5=90=91=E5=8F=8A=E5=85=B6=E5=AF=B9= =E7=BE=8E=E4=B8=AD=E8=B4=B8=E6=98=93=E5=85=B3=E7=B3=BB=E7=9A=84=E5=BD=B1=E5= =93=8D=E3=80=82 =20
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Mark=20
Heusel =20
Member and=20
China Practice Group Chair =
Ann Arbor =
=20
=
=20
T:734-623-1908 =20
Lianne=20
Yan =20
Director of=20
Chinese Business Development =
Troy =
=20
=
=20
T:248-433-7549 =20
=
=20
E:LYan@dickinsonwright.com =
=20
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- March 2020Industry=20 Alerts = Is=20 Now The Time To Pick Up The Plowshare: Personal reflections on = COVID-19 and=20 the Trade Peace
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