New China Tariffs Upset US Exchange Relations

China urges United States to make'wise choice as Donald Trump reviews trade tariff list

China urges United States to make'wise choice as Donald Trump reviews trade tariff list

Trump is closing in on a decision to impose punishing tariffs on tens of billions of dollars of Chinese goods as early as June 15.

The tariffs, which Trump set in motion in March, are a response to China's practice of compulsory technology licensing for foreign companies and its efforts to steal USA trade secrets via cybertheft, administration officials have said.

Beijing has said it would retaliate if the USA imposes tariffs. The round of tariffs could make China reluctant to cooperate with the USA on North Korea.

A China expert, Scott Kennedy from the Center for Strategic and International Studies stated that, "I came away thinking that he was suggesting in the press conference in Singapore that although Xi Jinping was a close friend [and] that he'd provided help on North Korea, that the president had no choice but to turn up the heat on China".

A source speaking with Reuters said "the president's trade team has recommended tariffs".

But that recommendation came before Trump's trip late last week to Canada for the G7 leaders summit and to Singapore for the nuclear summit with North Korean leader Kim Jong-un.

Trump could technically delay implementation of the tariffs until after the November elections if he thinks talks with China are making progress in addressing US concerns about intellectual property theft, according to Bruce Hirsh, head of Tailwind Global Strategies, a trade advisory firm.

Under the 1974 trade law that Trump invoked to pursue a tariff investigation into China's intellectual property practices, he could delay the activation by 30 days.

The Association of Equipment Manufacturers, American Soybean Association, National Corn Growers Association and National Association of Wheat Growers are among the grower and industry groups whose members are asking Congress to convince the administration to halt tariffs and go back to the negotiating table.

If Washington adopts tariffs, Beijing is expected to hit back with its own duties on USA imports, including soybeans, cars, chemicals and planes, according to a list it released in early April. In an interview aired on Wednesday, Trump told Fox News he was "very strongly clamping down on trade" with China. In particular, the deployment of THAAD, an anti-ballistic missile system, to South Korea last March, was seen by Beijing as eroding its nuclear deterrent capability and as a policy of USA containment of China in Northeast Asia.

"You will see over the next couple of weeks".

"He ran on Making America Great Again and to put America first and he's doing just what he said, so we shouldn't be surprised at that", she said. "I think the Chinese see a huge opportunity here", said Glaser.

Chinese Foreign Ministry spokesman Geng Shuang said on Thursday that those talks had yielded progress, and reiterated China's warning that any agreements reached on trade and business between the two countries will be void if Washington implements tariffs and other trade measures. "As we have said repeatedly, tariffs are taxes on American consumers and will put good-paying USA manufacturing jobs at risk", said Dennis Slater, president, Association of Equipment Manufacturers.

The administration's trade hawks, including US Trade Representative Robert Lighthizer and White House trade and manufacturing adviser Peter Navarro, have been pushing for a tougher approach to the negotiations to address US allegations that China has misappropriated American intellectual property through joint venture requirements, state-backed acquisitions of US technology firms and outright theft.

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