USA-China Trade Relations

US should spend time building relations with China: former U.S. commerce secretary

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Shotlist


FILE: New York City, USA - Exact Date Unknown (CCTV - No access Chinese mainland)
1. Various of traffic, pedestrian in street

New York City, USA - July 11, 2018 (CCTV - No access Chinese mainland)
2. SOUNDBITE (English) Stefan M. Selig, managing partner of BridgePark Advisors, former Under Secretary of Commerce for International Trade (partially overlaid with shot 3):
"I've been quite negative about the use of tariffs to achieve our trade objectives with China or any other country. I think tariffs fundamentally ineffective. They really are just taxes and they are taxes in this case on U.S. consumers. They are going to make it harder for U.S. exporters to compete effectively around the world, and also it could create real damage between the United States and our relationships with other countries around the world. And I would hope that the current administration will take the time to build the relationships with their Chinese counterparts to see if we can fundamentally address these issues."

++SHOT OVERLAYING SOUNDBITE++
FILE: New York City, USA - Exact Date Unknown (CCTV - No access Chinese mainland)
3. Pedestrian in street
++SHOT OVERLAYING SOUNDBITE++

FILE: Washington D.C., USA - Date Unknown (CCTV - No access Chinese mainland)
4. Various of White House, national flag of United States

New York City, USA - July 11, 2018 (CCTV - No access Chinese mainland)
5. SOUNDBITE (English) Stefan M. Selig, managing partner of BridgePark Advisors, former Under Secretary of Commerce for International Trade (partially overlaid with shots 6-7):
"The United States and China are the two biggest economics in the world and they really have to coexist. Fundamentally, the Chinese economic and commercial system is very different to the American Commercial system. And as a result of that, the notion that we are going to be able to bend China to comply on our respects by the way we do business, I think it's highly unlikely."
++SHOTS OVERLAYING SOUNDBITE++
6. Selig's hands
7. Selig speaking
++SHOTS OVERLAYING SOUNDBITE++
8. Selig talking with CCTV reporter

Storyline


Tariffs will not help the United States to achieve its goal and the current U.S. administration should spend time on building relationships with China, said Stefan M. Selig, former Under Secretary of Commerce for International Trade, on Wednesday.

During an exclusive interview with China Central Television (CCTV), Selig said that he thought tariffs are not efficient tools to solve trade issues. On the contrary, such tariffs will hurt the interest of the United States and its people.

"I've been quite negative about the use of tariffs to achieve our trade objectives with China or any other country. I think tariffs fundamentally ineffective. They really are just taxes and they are taxes in this case on U.S. consumers," said Selig, adding that those tariffs will also make it harder for U.S. exporters to compete in the global market, and create real damage to U.S. relationships with other countries around the world.

"I would hope that the current administration will take the time to build the relationships with their Chinese counterparts to see if we can fundamentally address these issues," said Selig.

Selig pointed out that it's not fair to judge the fairness of a trade relationship by simply looking at trade deficit. He stressed that China-U.S. trade relations are of great importance to global economy, thus the two countries must learn to coexist. And what the current administrative is doing will not work.

"The United States and China are the two biggest economics in the world and they really have to coexist. Fundamentally, the Chinese economic and commercial system is very different to the American Commercial system. And as a result of that, the notion that we are going to be able to bend China to comply on our respects by the way we do business, I think it's highly unlikely," he said.

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  • ID : 8085389
  • Published : 2018-07-14 03:38
  • Last Modified : 2018-07-14 19:49:38
  • Location : New York City,United States
  • Category : economy, business and finance
  • Duration : 1'32
  • Audio Language : English/Nats/Part Mute
  • Source : China Central Television (CCTV)
  • Restrictions : No access Chinese mainland
  • Version : 1
  • ID : 8085389
  • Published : 2018-07-14 19:47
  • Last Modified : 2018-07-14 19:49:39
  • Location : نيويورك,الولايات المتحدة
  • Category : economy, business and finance
  • Duration : 1'32
  • Audio Language : الانجليزية/الصوت الطبيعي/بلا صوت طبيعي
  • Source : China Central Television (CCTV)
  • Restrictions : No access Chinese mainland
  • Version : 1
  • ID : 8085389
  • Published : 2018-07-14 16:22
  • Last Modified : 2018-07-14 19:49:38
  • Location : Нью-Йорк,США
  • Category : economy, business and finance
  • Duration : 1'32
  • Audio Language : Английский/Естественный звук/Частично немое
  • Source : China Central Television (CCTV)
  • Restrictions : Недоступно материковой части Китая
  • Version : 1
  • ID : 8085389
  • Published : 2018-07-14 15:50
  • Last Modified : 2018-07-14 19:49:38
  • Location : Nueva York,Estados Unidos
  • Category : economy, business and finance
  • Duration : 1'32
  • Audio Language : Inglés/Nats/Parte Muda
  • Source : China Central Television (CCTV)
  • Restrictions : No acceso a la parte continental de China
  • Version : 1
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