US so-called ‘overcapacity’ tariffs can’t fix productivity woes: Chinese experts

Chinese experts on Tuesday again urged the US to recognize the basic economic reality that tariff barriers cannot solve its productivity problems and to allow US companies to share in the opportunities created by China’s manufacturing development. They said the US’ sizable trade deficits with multiple major trading partners should prompt Washington to recognize that the problem lies at home, rather than continue hyping up the so-called issue of Chinese “overcapacity.”

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