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[rtl]Release Date: 2018/3/22 10:12 • 9 times read[/rtl]
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[Oan- Baghdad]
planned US President Donald Trump 's declaration of economic sanctions against China on Thursday after it concluded that it encourages the violation of intellectual property and the theft of technology from American companies.
The White House said the new measures came after years of talks with China on the issue, which failed to change Beijing's position.
Trump's sanctions are expected to include customs duties on Chinese exports as well as other measures.
According to US reports, the White House will impose customs duties of between 30 billion and 60 billion dollars on Chinese exports to the United States, as well as restrictions on investment there.
A US trade official said his country may lodge a complaint with the World Trade Organization against China.
The planned sanctions have fueled fears of a large-scale trade war between Washington and Beijing.
US chief trade negotiator Robert Laitzer on Wednesday told members of Congress that the United States looked forward to "maximum pressure on China while the pressure on US consumers was very low."
"Intellectual property protection is a sensitive issue for the US economy," he said.
The United States has evidence that China is asking US companies to set up local partnerships to enter the Chinese market as a way to pressure them to transfer technology, an American trade official told reporters.
The United States has also found evidence that China is channeling investments in the United States into strategic industries and supports and even launches cyber attacks.
The evidence came after reviewing China's actions ordered by President Trump in August,
In Section 301 of the Trade Act, the US government has given itself the power to impose unilateral sanctions on states that decide not to trade fairly.
Trump sharply criticized the huge trade deficit in the United States for China.
There is growing concern in America that China is seeking to acquire technology that can be used for military purposes.
Congress is also considering legislation that will strengthen the government's power to review foreign business deals, citing the threat posed by Chinese state-backed acquisitions to US firms.
But some politicians and industrialists, including retailers, have expressed concern about possible retaliation from China, and some have considered Trump's decisions to be "shooting at the feet of America" and paralyzing it.
He warned that there are sectors at risk, such as the US agricultural sector, but stressed that this should not hinder action.
China has warned against starting a trade war because everyone will lose and there will be no winner.
On Tuesday, the last day of the annual session of the National People's Congress (NPC), Chinese Premier Lu Keqiang said he hoped the two sides would calm down.
He also expressed the hope that the United States would ease restrictions on exports of high-tech goods to China.
http://www.alliraqnews.com/modules/news/article.php?storyid=72064
[/rtl]
Trump today announces economic sanctions against China warning of a trade war
[/rtl][rtl]Release Date: 2018/3/22 10:12 • 9 times read[/rtl]
[Oan- Baghdad]
planned US President Donald Trump 's declaration of economic sanctions against China on Thursday after it concluded that it encourages the violation of intellectual property and the theft of technology from American companies.
The White House said the new measures came after years of talks with China on the issue, which failed to change Beijing's position.
Trump's sanctions are expected to include customs duties on Chinese exports as well as other measures.
According to US reports, the White House will impose customs duties of between 30 billion and 60 billion dollars on Chinese exports to the United States, as well as restrictions on investment there.
A US trade official said his country may lodge a complaint with the World Trade Organization against China.
The planned sanctions have fueled fears of a large-scale trade war between Washington and Beijing.
US chief trade negotiator Robert Laitzer on Wednesday told members of Congress that the United States looked forward to "maximum pressure on China while the pressure on US consumers was very low."
"Intellectual property protection is a sensitive issue for the US economy," he said.
The United States has evidence that China is asking US companies to set up local partnerships to enter the Chinese market as a way to pressure them to transfer technology, an American trade official told reporters.
The United States has also found evidence that China is channeling investments in the United States into strategic industries and supports and even launches cyber attacks.
The evidence came after reviewing China's actions ordered by President Trump in August,
In Section 301 of the Trade Act, the US government has given itself the power to impose unilateral sanctions on states that decide not to trade fairly.
Trump sharply criticized the huge trade deficit in the United States for China.
There is growing concern in America that China is seeking to acquire technology that can be used for military purposes.
Congress is also considering legislation that will strengthen the government's power to review foreign business deals, citing the threat posed by Chinese state-backed acquisitions to US firms.
But some politicians and industrialists, including retailers, have expressed concern about possible retaliation from China, and some have considered Trump's decisions to be "shooting at the feet of America" and paralyzing it.
He warned that there are sectors at risk, such as the US agricultural sector, but stressed that this should not hinder action.
China has warned against starting a trade war because everyone will lose and there will be no winner.
On Tuesday, the last day of the annual session of the National People's Congress (NPC), Chinese Premier Lu Keqiang said he hoped the two sides would calm down.
He also expressed the hope that the United States would ease restrictions on exports of high-tech goods to China.
http://www.alliraqnews.com/modules/news/article.php?storyid=72064
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