China says it's ready to fight back after United States revives tariffs

China says it's ready to fight back after United States revives tariffs

The countries said China would "significantly increase" purchases of U.S. goods and services to reduce their trade imbalance, a top Trump administration demand. The dispute was initiated in March over Beijing's "discriminatory technology licensing requirements", the White House said.

At the same time, the Trump administration is tackling several other trade issues.

"We're interested only in economic prosperity and national security", Navarro said, adding that the USA slapping 25% tariffs on $50 billion of Chinese goods is bullish news for American companies and will be a "key part" of USA policy going forward. The order followed a report from the U.S. Trade Representative's office regarding Chinese trade practices and stealing of U.S. intellectual property.

The White House said "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".

Scott Kennedy, a China expert at the Center for Strategic and International Studies, said that many foreign leaders are learning to not overreact to Trump's threats, which frequently are later reversed.

Last week Trump said he had reached a deal to let Chinese telecommunications firm ZTE stay in business.

The move signals a move back to offense on China's CM2025 project.

Team Arrives in North Korea for Trump-Kim Summit Talks
The U.S. defines denuclearization as North Korea giving up weapons in exchange for non-aggression assurances and economic aid. Roy Blunt, Missouri Republican, on " Fox News Sunday". "He's going to run this the way he sees fit".

Hours after the planned tariffs on China were announced, the Chinese Ministry of Commerce accused the White House of going back on its word, and hinted that Beijing expected such a reversal.

"The United States will impose a 25 per cent tariff on Dollars 50 billion of goods imported from China containing industrially significant technology, including those related to the "Made in China 2025" programme", the White House said in a statement. Those come on top of the $3 billion in tariffs in place as of early April on Chinese imports of USA shipments of pork, fruit, nuts, recycled aluminum and other goods. The statement did not reiterate China's own previous threats to impose $50 billion in retaliatory tariffs on USA goods. These policies, like its "Made in China 2025 policy' hurt American companies and limit economic growth worldwide", 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.

Trump administration officials last month proposed a ban on sales of crucial American technology to ZTE, a giant Chinese telecom company that employs 80,000 people.

That deal was separate from the USA investigation into China's alleged theft of intellectual property.

The White Paper makes note of USA government concerns over cyber theft, forced technology transfer and discriminatory industrial policies.

Lester Ross, who heads the policy committee of the American Chamber of Commerce in China, told a press conference on Wednesday that the latest announcement from Washington should be seen in the context of move and countermove.

Related Articles

  • Paul receiving regular treatment to return for Rockets

    Paul receiving regular treatment to return for Rockets

    The Western Conference Finals has been a chaotic rollercoaster. "Obviously we want to have him", Rockets forward PJ Tucker said. Saturday night's game takes place on the Warriors' home court, where they have only lost once in their last 17 playoff games.
    American literary giant Philip Roth dead at 85

    American literary giant Philip Roth dead at 85

    Roth had a long relationship with British actress Claire Bloom but their five-year marriage ended in divorce in 1995. Roth, however, often demurred when it was suggested that he should be defined as an American Jewish writer.
    Harvey Weinstein Arrested and Formally Charged with Rape and Sexual Misconduct

    Harvey Weinstein Arrested and Formally Charged with Rape and Sexual Misconduct

    More than 70 women have accused Mr Weinstein of sexual misconduct although the charges relate to only two of them. But on Friday, Harvey Weinstein was arrested and charged with rape , the most famous pariah of the #MeToo cause.
  • Burnside: Vegas welcomes Washington to its playoff club

    Burnside: Vegas welcomes Washington to its playoff club

    Alex Ovechkin was held to one assist and two shots on goal in the first Cup final game of his career. Game two also takes place in Las Vegas , on Wednesday at 20:00 local time (Thursday, 04:00 BST).
    Sleeping in on weekends could save your life

    Sleeping in on weekends could save your life

    So if you're someone who gets very little sleep during the week, you just need to sleep in during the weekends to make up for it. People in their late teens and 20s slept on average for seven hours a night during the week but 8.5 hours on days off.
    Ricciardo takes pole for Monaco GP

    Ricciardo takes pole for Monaco GP

    Taking the last place on the podium was Mercedes' Lewis Hamilton . "He is up to third and we have a very strong auto ". The Brit, 33, later said: 'We were just cruising around from lap six, literally cruising, so it wasn't really racing .
  • Power station spared as lava flow stalls

    Power station spared as lava flow stalls

    This lava has covered some 2,500 acres in and around the Leilani Estates neighborhood, and several flows have reached the sea. The new fissure sent more lava into the to evacuated Leilani Estates district in the eastern corner of Hawaii's Big Island.
    Power wins Indy 500

    Power wins Indy 500

    He is the only active driver with three Indy 500 wins and has been eager to get a fourth. "He's had some ups and downs". Kanaan led at least one lap in his 14th Indy 500 to break a record he had shared with four-time race victor A.J.
    Rare Nipah virus claims fourth family member in India

    Rare Nipah virus claims fourth family member in India

    The government also chose to give Rs 5 lakh each to the next of kin of the nine others who have lost their lives to Nipah . Nipa Virus (NiV) infection is a newly emerging zoonosis that causes severe diseases in both animals and humans.
  • Golden State Warriors Rout Houston Rockets for Force Game 7

    Golden State Warriors Rout Houston Rockets for Force Game 7

    He played 46 minutes the following game but still came up big with 46 points to send the series to a seventh and deciding game. Steve Kerr eschewed the Kevin Durant isos and post-ups that allowed Houston to shrink the floor on defense in previous games.
    Google Struggling to Ease Tensions on Eve of New EU Privacy Law

    Google Struggling to Ease Tensions on Eve of New EU Privacy Law

    Keep an eye out for website pop-ups and banner ads as well, since some companies are using those to break the news instead. In the past couple of day, you must have bee bombarded by every app notifying you of the change in their privacy policy.
    Camilla: Harry and Meghan's wedding was flawless

    Camilla: Harry and Meghan's wedding was flawless

    He continued: "As soon as their attention span started to wane, I used the Smartie trick", he said. "And Harry looked great". She continued, offering up further details about Charlotte's behaviour, "She was really sweet".