Us chinese trade relations

US Chinese trade relations
For many U.S. firms, China remains a difficult market to penetrate, due largely to Chinese government policies, which attempt to protect and promote domestic industries.Chinese trade policies generally attempt to encourage imports of products which are deemed beneficial to China’s economic development and growth. The International Trade Commission (ITC) states thatbillions of dollars in U.S. trade with China is limited or lost due to export restrictions created by tariffs, tariff-rate quotas (TRQs), and non-tariff trade barriers (sanitary and phytosanitary).Goodsand services not considered to be high priority, or which compete directly with domestic Chinese firms, often face an extensive array of tariff and non-tariff barriers. Such policies make itdifficult to export products directly to China.
The International Trade Commission (ITC) states that billions of dollars in U.S. trade with China is limited or lost due to export restrictions created bytariffs, tariff-rate quotas (TRQs), and non-tariff trade barriers (sanitary and phytosanitary).
The U. S -China trade imbalance is caused by the restrictions placed by China on trade and investment. Asa consequence, many U.S. firms have established production facilities in China to gain access to the China market. Major Chinese concerning barriers consist of:
High tariffs. The current average ofChinese tariffs is 36% on Chinese
Pervasive non-tariff barriers are arbitrarily used to control the level of
certain imports into China, including quotas, import licenses, registration andcertification requirements, and restrictive technical and sanitary standards
(especially in respect to agricultural products).

U.S. government officials maintain that China’s restrictive trade andinvestment
policies are a leading cause of the surging U.S.-China trade imbalance. Major Chinese
barriers of concern include:
! High tariffs. The simple average Chinese tariff rate is currently 15%...