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Home / World / USA moves towards China Trade Curbs and conquers Beijing without protection

USA moves towards China Trade Curbs and conquers Beijing without protection



The Trump administration sent a sudden bitter message to its Chinese counterparts Tuesday morning, saying that the US is putting off its threat to apply tariffs on Chinese imports, and other steps that discourage Beijing's access to sensitive US technology. drive forward.

The move surprised many observers after the White House had spent days negotiating the essence of an agreement to put an end to any trade war with China while the negotiators – on the US side of finance ministers ̵

1; were running

Steven Mnuchin

– After an agreement that should reduce China's annual trade advantage of $ 375 billion by buying more US goods.

The White House said on Tuesday it would issue a final $ 50 billion bill from China at 25% duty by June 15, with duties "shortly thereafter." Planned investment restrictions designed to prevent Chinese acquisition of American technology would also be announced as of June 30, the White House said in a statement.

The 50 Billion Duty Chinese imports are the first tranche in a package that, according to the White House, could result in tariffs totaling $ 150 billion in Chinese imports.

In response, China's Commerce Ministry promised to defend its "national core interests." "Made a statement calling the US action both" unexpected "and" within expectations. "

Beijing officials eager to work to ease trade tensions were caught The people of Washington knew this A few days ago, US negotiators led by Mr Mnuchin and her Chinese counterparts were led by Liu He, President

Xi Jinping

The Senate of Economics had declared a truce in a smoldering trade dispute and said both sides would put threatened tariffs on hold.

In their talks in Washington prior to the ceasefire agreement, the US side also indicated to the Chinese that the Trump government was "under tremendous pressure" to make China hard, people said. "Therefore, today's statement of the White House is also within China's expectations," said one of the people.

Above all, some US lawmakers have expressed concern that the Trump administration is too conciliatory to Zion Corp., a major Chinese tech companies are not allowed to buy US-made parts after it has been found sanctions have violated Iran and North Korea. ZTE ceased operations after the Commerce Department blocked access to US-related parts of the business.

"The government overthrew its plan to rescue Chinese jobs in Iran and North Korean sanctioner ZTE," he said

Sen. Ron Wyden

Oregon, the top Democrat in the Trade Committee of the Senate. "Now a baby is going the other way, I can not see any rhyme or reason for these unpredictable political shifts."

The last shot of China's bow is coming as Trade Minister

Wilbur Ross

is preparing to meet Chinese officials in Beijing from Saturday to next Monday. Meanwhile, President

Donald Trump

He said he relied on China putting pressure on North Korea, and US officials are working with North Korean colleagues to rescue a June 12 summit.

"The Trump government clearly signals that Wilbur Ross will travel to Beijing" The gloves are gone because China is not ready to agree to a trade deficit or make larger trade concessions, "said

It was Prasad,

Professor at Cornell University for International Trade. In addition, the "tough stance" could in part reflect the perception that China has helped bring the Trump-Kim Summit to a virtual standstill.

U.S. commercial agent

Robert Beacon

has stressed that the US may still have tariffs in an investigation that has led its office to alleged theft of US technology and intellectual property. The White House statement of Tuesday mentioned that the investigation published under Section 301 as part of the Commercial Code and a case where Mr. Lighthizer violated the Chinese licensing requirements of the World Trade Organization.

Some companies have staunchly supported the efforts of the Trump government to crack down on what they see as China's efforts to make it a competitive disadvantage. But by and large, the big corporations are worried that Mr. Trump's harsh approach could mean the beginning of a trade war with tariffs and retaliation on both sides.

"We would welcome if both sides put the threat of sanctions on hold quickly in negotiations to solve these important issues," said

John Frisbie,

President of the US-China Business Council, representing American companies doing business in China. "Customs and trade restrictions will have a real and negative impact on the economy and jobs."

A White House spokeswoman and spokesman for Messrs. Ross and Lighthizer declined to comment on the context of Tuesday's statement on tariffs and investment restrictions.

Meanwhile, Chinese authorities had recently signaled that they would agree

Qualcomm Inc
.

Planned acquisition of the Netherlands in the amount of 44 billion US dollars

NXP Semiconductors

In the next few days, according to the people who are familiar with the matter, NV will take another important step towards easing US-China trade relations.

Write to William Mauldin at [[email protected] and Lingling Wei at [[email protected]] [196909020]
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