301 Terms Fired the First Shot of Sino-US Trade War
Article 301 is commonly known as Article 301 of the Trade Act of 1974. In general, the term "301" is an unilateral act in the United States trade law relating to acts of foreign legislation or administrative breach of agreement and damage to US interests The legislative terms of the legislation. It was first seen in the Trade Expansion Act of 1962 and was amended by the Trade Act of 1974, the Trade Agreement Act 1979, the Trade and Customs Act 1984, in particular the Comprehensive Trade and Competition Act 1988 to make. However, since the launching of the WTO in 1995, the United States No. 301 did not produce any trade sanctions. In fact, the recent launch of the clause is in the 80s of last century, the United States to use the regulations on Japanese motorcycles and steel products such as tariffs.
At present, the US trade in goods each year there are 700 billion US dollars deficit, China accounted for about half of them. US President Trump's slogan is "the United States priority", has been issued on the Chinese enterprises "to raise tariffs" remarks. But in its office, Trump because of North Korea's nuclear issue on the development of China's cooperation, so temporarily put away a tough policy toward China. However, due to North Korea's provocative behavior did not stop the signs, in early July once again conducted a missile experiment, Trump thus exacerbated dissatisfaction with China. The Sino-US Comprehensive Economic Dialogue, which was held in mid-July, failed to put forward specific measures to cut the trade deficit, and signs of impasse in Sino-US relations.
On August 3, the Ministry of Commerce held a regular press conference. During the Ministry of Commerce spokesman for the United States may be on China to use "301" on the issue of a response. Speaking from the Foreign Ministry, we can also feel the United States to start the "301" concerns.