Wednesday, 03 March, 2021


China Threatens US With Tariffs

AFP  KCNA | North Korean leader Kim Jong-un AFP KCNA | North Korean leader Kim Jong-un
Kristine Garrett | 28 March, 2018, 22:38

The United States has flouted trade rules with an inquiry into intellectual property and China will defend its interests, Vice Premier Liu He told US Treasury Secretary Steven Mnuchin in a telephone call on Saturday, Chinese state media reported. It's true that the US has legitimate trade grievances with China, but there are much better ways of resolving them.

"I think really what... the Trump administration is after, regardless of Trump's rhetoric of being pals with [Chinese President] Xi Jinping, has always been this sort of targeting of China's technological rise and trying to retain its own technological dominance, which is a pillar of the United States' worldwide dominance and its ability to dictate and play a really strong role in shaping the global, political and economic order", Singh said.

On those and other issues, Bolton, a former United Nations ambassador under President George W. Bush, is seen as heralding a rightward shift in Trump's foreign policy and an embrace of more hard-line policies. The Trump administration offers neither.

US officials say an eight-month probe under the 1974 US Trade Act has found that China engages in unfair trade practices by forcing American investors to turn over key technologies to Chinese firms.

"It doesn't make sense to impose tariffs on US brand products that are made for American companies to make profits", said a senior official in Sichuan Province, where iPad production has fueled economic growth.

"To strengthen cooperation and uphold the principles of mutual respect and benefit is in line with the two sides' interests and meets the expectation of the worldwide community", Hua said. "We hope that both sides can sit down and talk calmly". The value of US wine exports to China alone increased 450 percent in the past decade, the industry group said.

With regards to U.S. "So I believe there is no major change to their stance", Kono said.

Wang said that China's announcement should be seen as a warning to the Trump administration.

US agricultural exports to China stood at $19.6 billion past year, with soybean shipments accounting for $12.4 billion.

He also accused a US probe into Chinese intellectual property practices of violating global trade rules. China's state-run Global Times said Beijing was only just beginning to look at means to retaliate.

But Beijing on March 23 also unveiled a hit list of products that could face duties of up to 25 percent, from fresh fruit to pork and wine, though it stopped short of pulling the trigger as it indicated its readiness to negotiate an agreement. Chinese government subsidies allow Americans to buy goods cheaper to the detriment of the Chinese worker, he said.

It said countries not on the list could discuss with Washington ways to address U.S. national security concerns caused by imports of steel from that country. "And even beyond that, there's simply no excuse for the stealing of intellectual property, forced technology transfers it's sometimes called".

Non-Chinese companies, including those based in Taiwan, accounted for more than 40% of China's $2.26 trillion in exports past year.

In a statement issued after a meeting to discuss China's recently concluded parliamentary session, Taiwan's Mainland Affairs Council said the government should up efforts to counter China trying to attract talent, such as students and teachers.

China fears she wants to push for formal independence, though Tsai says she wants to maintain the status quo and peace.

"I've gotten to know him over the years, and he'll be a great replacement".

Maybe Trump hopes these threats will lead China to make trade concessions and he will not need to actually put these tariffs in place.

"Trump now has a faithful implementer of his policies", Yu said.

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