China labels USA trade threats ‘reckless’

White House Moves Ahead With Tough Trade Measures on China

Trump Moves Ahead With Tariffs and Other Trade Sanctions Against China

The tariffs and investment restrictions, as well as a case brought by the United States against China before the World Trade Organisation, are the outcome of an investigation launched previous year into intellectual property practices in China.

"We were both surprised by and expecting the statement issued by the White House". However, the big risk is that Beijing won't have any confidence in Ross to make a deal that Trump will accept. Ross will have less than two weeks to solve the knotty issue of trade before the tariffs get officially imposed, so there's not much room for error.

The White House's latest tariff action focuses on advanced technologies, including those such as robots and electric cars that China has said it wants to develop under its "Made in China 2025" program. The Trump administration has sought to reduce the United States trade deficit with China by increasing the amount of United States exports to the country.

After Trump's initial tariff threat, Beijing promised to retaliate in kind to any duties.

However, Mr Trump suggested last week that there was some unease about the talks.

China has repeatedly said that it will push ahead with its development of high-tech industries and will not back down in the face of what it sees as threats from Washington. "The administration's decision to impose tariffs on Dollars 50 billion worth of Chinese products is in fact a tax on American consumers and will undermine the competitiveness of American companies, just as the administration's steel tariffs have dramatically raised prices on steel in the U.S.", he said.

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On Tuesday, Trump renewed his threat to place 25 percent tariffs on $50 billion of Chinese goods, in retaliation for what his administration says are China's unfair trade practices. Trump announced on Tuesday that was moving forward with tariffs on Chinese imports.

China hit back at U.S. The list of targeted goods will be announced by June 15 and imposed shortly after, the White House said. "Right now, we have agreed to put the tariffs on hold while we try to execute the framework", Mnuchin said in a television interview on Fox News.

"China's success means that it can no longer credibly defend protectionist policies on the grounds that it is still a "developing country", the American chamber said in a report Wednesday.

State news agency Xinhua said China hoped that the United States would not act impulsively but stood ready to fight to protect its own interests. He said the two countries were in talks and had made "meaningful progress".

On Friday, Trump said he had reached a deal that would allow the embattled Chinese telecom firm ZTE to remain in business, raising criticism from Congress that he was backing off from his tougher promises on trade. "The Chinese government is known for using their military's cyber capabilities to hack into private USA tech firms, stealing IP, then transferring the technology to state-run companies who profit from its development", he said.

The U.S. government plans to shorten the length of visas issued to some Chinese citizens as part of a strategy to prevent intellectual property theft by U.S. rivals, a White House official said on Tuesday.

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