Investors hope fresh talks will avert an all-out US-China trade war More
17 September, 2018, 20:22
Those tariffs would come on top of the tariffs on $50 billion of Chinese goods the USA announced this summer.
Zhang Zhexin, a specialist in China-US relations from the Shanghai Institutes for International Studies, said China might not send a senior delegation to the US because the tariffs would invalidate the reason for going in the first place. Apple Inc. said last month the proposed duties on $200 billion cover a wide range of products used in its USA operations.U.S. stock futures edged lower, Asian equities slumped and European shares fluctuated amid investor concerns a heightened trade war will crimp corporate profits and undermine economic growth. "Billions of Dollars is being spent on new plants all around the country!" But he lowered the proposed duty rates back to 10 percent after announcing last month that they should be increased to 25 percent.
"Lou Jiwei's approach would feed the most hawkish sentiments in the USA government", the person said, declining to be identified given the sensitivity of the matter.
The tough talk follows reports China is deliberately reducing exports to the United States by slowing down customs approvals and stepping up environmental and other inspections.
"We encourage China to address the long standing concerns raised by the United States".
The person who attended the event and is familiar with the White House's thinking said such a move would likely attract sharp retaliation from Washington, which has studied its own limits on exporting key technologies to China.
Besides retaliating with tariffs, China could also restrict export of goods, raw materials and components core to U.S. manufacturing supply chains, former finance minister Lou Jiwei told a Beijing forum on Sunday, according to an attendee.
Beijing is considering Washington's invitation last week to revive talks on their fight over Chinese technology policy and plans for state-led development of global champions in robotics and other fields.
Washington, Europe and other trading partners say those plans violate China's market-opening commitments.
Speaking Sunday at an economics forum, Lou Jiwei, a former finance minister and chairman of China's sovereign wealth fund, said Beijing should disrupt supply chains of American companies that rely on China's vast manufacturing industries, the website Sina.com reported.
Lou is chairman of the National Council for Social Security Fund.
The Chinese foreign ministry said Thursday that it was invited to hold new talks. He is a former chairman of China's sovereign wealth fund, the China Investment Corp. Communist leaders see their industry plans as a path to prosperity and global influence.
China retaliated against the first round of USA tariffs, which were applied mostly to Chinese technology imports, with its own $50 billion of tariffs, primarily on US agricultural goods.
If an increase goes ahead, "China will have to take necessary countermeasures", said Geng at a regular daily briefing.
If the United States did go ahead with the tariffs, they would be the biggest round since the first batch on Chinese exports in July. But they have threatened "comprehensive measures" as Beijing runs out of imports for penalties due to its lopsided trade balance with the United States.
Metal allegedly found in banana an 'isolated' incident
He told officers he found it in his sink after preparing strawberries for his family and did not recall it being there beforehand. Australian police are investigating claims that needle sabotage has now spread to six brands of strawberries across five states.
Chinese authorities have yet to confirm what steps aside from retaliatory tariffs they might take.
Mary Poppins arrives in a crowded holiday season, occupying the spot Disney has reserved for Star Wars the last three years. And there's Back to the Future director Robert Zemeckis bringing up the rear with true-life drama Welcome to Marwen .
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Taylor connected with wide receiver Antonio Callaway for a 42-yard touchdown pass that could have been the game winning touchdown. They proceeded to allow two touchdowns in the Saints in just over six minutes before the above sequence occurred.
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Vontae Davis quits Bills in midgame: 'I'm done'
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Five dead as Hurricane Florence downgraded to tropical storm
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