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.

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.

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.

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