Almost half of the US population on the background of trade wars and pandemics refuses to buy Chinese goods

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Under the deal, China should increase purchases of American products by $32.9 billion in the first year and $44.8 billion in the second year of the agreement. It is not only about agricultural production but also on other American goods / Akishin Vyacheslav

More than a third of U.S. residents do not intend to buy any Chinese products. It follows from the data of the study, published on the website of the company FTI Consulting.

40% of respondents said they would not buy goods produced in China. Another 34% reported that they are ready to buy goods under the label “Made in China”, but they do not experience great pleasure from this. Only 26% said that the Chinese origin of the goods has not had any impact on their choice.

The sign “Made in China” has on the consumer preferences of Americans as much influence as compared to others, follows from the survey. Less Americans are confused by the origin of products made in Europe – just 12% said they are not willing to buy things made in this part of the world. In second place – products from Latin America, who bought 84% of respondents, while only 16% would refuse such opportunities.

78% of Americans are willing to support economic protectionism for its money. They stated that they are willing to pay more for a product if they know that production moved from China to the United States. 55% of respondents do not believe that China can be trusted in the commitments made in January of obligations under the trade deal with the United States.

Under the deal, China should increase purchases of American products by $32.9 billion in the first year and $44.8 billion in the second year of the agreement. It is not only about agricultural production but also on other American goods. So, in the first year of China will purchase U.S. agricultural products at $12.5 billion and the second for $19.5 billion.

The acquisition of us-based services should increase to $12.8 billion for the first year and $25.1 billion for the second. Beijing will also be purchasing more American energy for $18.5 billion in the first year and $33.9 billion in the second.
The agreement also calls for China to increase purchases of goods and services during the first two years by $200 billion compared with 2017 year. In this regard, Beijing will announce exemptions from customs duties for Chinese goods. In addition, us companies Visa, Mastercard and American Express have access to the payment market of China.

Bloomberg notes that this view seems uncharacteristic of Americans, who are usually in favor of free trade and against protectionism radical. The Agency refers to polling data from Gallup, according to which nearly four-fifths of Americans perceive international trade as opportunity, not as a threat, and the proportion of US citizens who think so have steadily increased the last decade. However, the differences in the two countries ‘ relations that have arisen in recent time, have an impact on the position of the Americans. Encourage such sentiments and statements of the authorities of the country.

About the necessity of economic protectionism has repeatedly said the US President Donald trump, who said that China is due to the transfer of production to its territory stolen from the United States “a huge amount of money, year after year, decade after decade.” In early may, Reuters reported that U.S. authorities are considering the introduction of tax incentives and special subsidies for companies that will relocate its production facilities to China.

The situation is complicated by the pandemic and coronavirus, in the case where trump also blames the Chinese government. Recall that in early may, U.S. Secretary of state Mike Pompeo announced the availability of the US evidence that China deliberately concealed or destroyed evidence of an outbreak of the coronavirus.

Earlier, the us leader said that he is ready to consider the option of imposing sanctions against China if that country does not cooperate in the investigation into the causes of the spread of coronavirus. The bill provides, in particular, the introduction of the ban on entry into the United States to certain citizens of China, as well as the freezing of their assets on American soil.

In addition, there is the possibility of a ban on the issuance of American loans to Chinese businesses. The President also did not rule out complete rupture of relations with China that, he said, would save about $ 500 billion.