United States allies seek new friends as Trump tensions mount READ MORE
Jun 04 2018
On May 30, China's commerce ministry said the us trade delegation had arrived in Beijing and teams from both countries would discuss coming up with a consensus over the next few days.
The announcement came just ahead of U.S. Secretary of Commerce Wilbur Ross's visit to China. It announced that "the United States will impose a 25% tariff on $50bn of goods imported from China containing industrially significant technology, ..."
Such curbs would violate the "rules and basic spirit" of the World Trade Organization , said a Commerce Ministry spokesman, Gao Feng. And doubts remain about whether China will address allegations the Chinese engage in cybertheft of trade secrets, force US companies to transfer some of their technology in exchange for market access or back away from its China 2025 plan to dominate emerging technologies.
"Over the next few days, the USA delegation of more than 50 people will discuss with China's team on implementing a consensus", China's Commerce Ministry said in a statement.
As a result of Trump's tariff threat, Washington is in very intense negotiations with Beijing "in a way that we haven't been for so many years", said the chamber chairman, William Zarit.
Reuters reports comments from China's Commerce Ministry when asked about latest USA trade measures against China.
Digital savant Omar Gallaga of the Austin American-Statesman's 512 Tech says ZTE isn't a major player in the USA phone market, though it is a large company that has stolen US technology.
Instead of being issued with automatic maximum possible duration, visas granted to Chinese citizens may soon be limited by United States consulate officers, according to an announcement by the U.S. State Department on Tuesday. And China's tariff average is almost double that of the European Union.
Claire Reade, a former US assistant trade representative for China Affairs said Beijing is not going to do whatever the United States wants just because that's what Washington wants.
As tracked by Bloomberg, during the ship's journey, in mid-April China announced a 179 percent tariff on sorghum imports in retaliation for earlier announced tariffs from the United States.
Over 1.65 lakh Indian students enrolled in USA universities in 2016.
Analysts in the United States suggested the newly confrontational stance also might be aimed at appeasing congressional critics of a deal the Trump administration made Friday that allowed Chinese telecom giant ZTE Corp.to stay in business.
"These meetings will take place from June 2 through June 3, and are a continuation of the talks held in Beijing one month ago and in Washington two weeks ago", the White House said in a statement.
"If the deal was done in Geneva, the cargoes might be traded in the global market instead of being brought to China to crush", said Tian Hao, a senior analyst with First Futures.