China protests renewed US tariff threat

U.S. President Donald Trump speaks to members of the media before boarding Marine One while departing the White House in Washington D.C. U.S. on Friday

It noted that Chinese tariffs on US goods are much higher than corresponding USA tariffs, and said the USA government would "defend America's intellectual property and proprietary technology from theft and other threats" by imposing a 25% tariff on $50 billion in goods made in China that contained "industrially significant technology".

China on Wednesday lambasted "sudden flip-flops" in U.S. policy after President Donald Trump said he was moving to finalise trade sanctions against it - even as a USA delegation arrived in Beijing for talks.

In an unexpected change in tone, the United States said on Tuesday that it still held the threat of imposing tariffs on $50 billion of imports from China unless it addressed the issue of theft of American intellectual property.

U.S. President Donald Trump's earlier threats of tariff hikes resulted in very intense negotiations with Beijing "in a way that we haven't seen for so many years", said William Zarit, chairman of the American Chamber of Commerce in China.

"This is a trade dispute that we are having with China", Navarro said to Maria Bartiromo on "Mornings with Maria".

The trademark approvals were dated May 7, a week before President Donald Trump extended an olive branch on ZTE in his trade tussle with China.

The final list of Chinese products will be announced by June 15 and the tariffs will go into effect shortly afterwards.

U.S. Commerce Secretary Wilbur Ross will visit China from June 2 to June 4, the official Xinhua news agency reported recently.

The unilateral increase in tariffs is accompanied by barriers to Chinese investments and imports linked to the technological sector, thus eliminating the consensus to increase them on both directions.

Trump's Treasury Secretary Stephen Mnuchin had said the trade war was "on hold".

"We urge the United States to keep its promise, and meet China halfway in the spirit of the joint statement", Chunying said, according to Reuters, adding that China would be "resolute and forceful" in protecting its interests if Washington continues to act in an "arbitrary and reckless manner".

William Zarit, chairman of the American Chamber of Commerce in China, said the USA threat of tariffs appeared to have been "somewhat effective". These steps include a 25 percent tariff on $50 billion in Chinese imports, many of which fall in the technology industry.

In return, the Commerce Department lifted a seven-year ban on ZTE's purchase of US components that it had just imposed earlier in May. In response, Beijing vowed to retaliate against USA exports to China with a matching value. The last round of talks concluded on May 19 with the countries announcing little progress toward resolving a long list of complaints the American negotiators had previously identified.

The White House wrote in its statement on Tuesday that the United States "will continue efforts to protect domestic technology and intellectual property, stop noneconomic transfers of industrially significant technology and intellectual property to China, and enhance access to the Chinese market".