Trump considers clamping down Chinese investments in the US
We're going to have a great relationship, hopefully, with China, but we have to do something. However, Vice Foreign Minister Zhang Yesui said this week that China will host talks on trade issues with U.S. officials.
However, despite such hard-won progress, while the tree craves calm, the wind will not abate, as a Chinese saying goes.
With the probe into China, known as a Section 301 action, USA officials are also considering a more targeted approach that would seek to rein in Chinese investments, the people said.
China does not want a trade war, but it will respond in event of a rise in tariffs that harm its interests.
The United Kingdom, ever eager to do its bidding, is sending an anti-submarine frigate through the South China Sea later this month.
U.S. officials are still examining various options, and USTR could decide to do nothing, the people said, adding that an announcement is expected next month.
China Daily is a member of The Straits Times media partner Asia News Network, an alliance of 23 news media entitities. China had a record $375.2 billion goods surplus with the United States past year. Last year, an independent commission on USA intellectual property estimated that the annual cost to the USA economy in counterfeit goods, pirated software, and theft of trade secrets from all sources exceeds $225 billion and could be as high as $600bn.
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China blows hot against Trump, US govt
Trump was acting on a Commerce Department report that found steel imports were about four times what US exports are. It was his basic bargain with the voters who put him in the White House. "At this point, I wanna see some details".
A day after the resignation of his economic adviser, Gary Cohn, and despite strong pushback from Republican lawmakers, the White House said Trump was ready to move forward with his tariffs plan by the end of the week.
Over time, however, any additional punitive US measures and retaliations by China or its other major trading partners would reduce global trade flows, disrupt worldwide supply chains and drag on global growth. This will affect China, which is the world's largest steel producer and a leading aluminium exporter.
In any case, the overall volume of trade between USA and India - less than $150 billion - is small beer compared to trade with its top four partners EU, China, Canada, and Mexico, each topping $500 billion. "We can not allow this to happen as it has for many years!"
The Trump administration last week asked a top Chinese economic official for a $100 billon reduction in the U.S. "We're in the midst of a big negotiation".
"It escalates very quickly and New Zealand could get caught in the cross-fire, especially if they start to target agricultural products", Jacobi said.
"But we're going to cut down the deficits one way or the other". "A tenfold difference", the US President said. "It meant in practice that in the US they lost thousands and thousands of jobs", Katainen said. For instance, inasmuch as Trump has said ad nauseum that foreign imports have destroyed the American steel industry ("and a country that has no steel industry is not a country to speak of"), tariffs on imported steel will affect more workers in the United States auto industry (which depends on imported steel) than it will benefit domestic steel workers, who in any case produce steel at higher cost than the imports.
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