China slams USA for 'sudden flip-flops' in trade policy

Auto exports to the US by country for 2017

Auto exports to the US by country for 2017

In addition, as part of the ongoing talks "the United States will request that China remove all of its many trade barriers, including non-monetary trade barriers, which make it both hard and unfair to do business there".

After that meeting, the two sides announced that Beijing would buy significantly more US agricultural and energy products in a bid to reduce the bilateral trade deficit, and they said they established a framework for addressing technology trade irritants.

The new investment restrictions and export controls - to be imposed on "industrially significant technology" - will be announced by June 30.

Tariffs of 25 per cent will be applied to Chinese imports containing important technologies, including those related to Beijing's Made-in-China 2025 development program, the White House said.

The move has infuriated China, which on Wednesday lashed out and threatened to fight back if Washington is looking for a trade war, days ahead of a planned visit by US Commerce Secretary Wilbur Ross to Beijing.

The trade-related actions were announced following a report by the Office of the US Trade Representative regarding China's practices with respect to technology transfer, intellectual property and innovation.

The White House has said it will impose 25% tariffs on $50bn worth of Chinese imports "shortly" after mid-June.

US President Donald Trump has put a missile, in the form of trade sanctions, back on the launchpad, started fueling it, and programmed its computer to strike Beijing. Trump has said that ZTE is part of the larger trade talks.

Serena makes her grand slam comeback after 15 months dormancy
Third seed and 2016 champion Garbine Muguruza defeated 2009 victor Svetlana Kuznetsova of Russian Federation 7-6 (0), 6-2. Ostapenko made 48 unforced errors, including 13 double faults against Kozlova, who has now won all of their three matches.

The administration also said it would pursue a settlement over its dispute with China before the World Trade Organization regarding what it says were unfair technology licensing deals.

The cabinet announcement Wednesday was the third tariff cut in six months on selected imports in what Beijing says is an effort to improve consumer choice and encourage domestic consumption.

Liu said a fortnight ago that a deal had been struck for China to increase imports of United States energy, agricultural, health, high-tech products and financial services.

In response, the Chinese Commerce Ministry said the country is prepared for whatever the USA may impose.

The United States, Europe and other trading partners are pressing for reciprocal access as Chinese companies expand overseas while Beijing blocks or limits access to industries including banking, insurance, telecoms and health care.

Hua stressed Beijing is not afraid of engaging in a trade war, and will take "forceful" measures if the tariffs are imposed.

China has responded with its own tariffs on USA imports, in particular agricultural goods, warning that more will follow in response to America's if it continues to add further levies.

Recommended News

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.