{"id":61125,"date":"2018-03-22T06:12:57","date_gmt":"2018-03-22T06:12:57","guid":{"rendered":"https:\/\/www.biphoo.com\/bipnews\/?p=61125"},"modified":"2018-03-22T06:12:57","modified_gmt":"2018-03-22T06:12:57","slug":"tariffs-on-china-do-more-harm-than-good-business-council-says","status":"publish","type":"post","link":"https:\/\/www.biphoo.com\/bipnews\/world-news\/tariffs-on-china-do-more-harm-than-good-business-council-says.html","title":{"rendered":"Tariffs on China Do More Harm Than Good, Business Council Says"},"content":{"rendered":"<h2 style=\"text-align: justify\"><span style=\"font-size: 18pt\"><strong><span style=\"font-family: Arial, Helvetica, sans-serif;color: #000000\">Tariffs on China Do More Harm Than Good, Business Council Says<\/span><\/strong><\/span><\/h2>\n<p style=\"text-align: justify\"><span style=\"font-family: Arial, Helvetica, sans-serif;font-size: 14pt;color: #000000\">American companies want solutions to the problems they face doing business in China, not just sanctions from the Trump administration, according to their representative in Beijing.<\/span><\/p>\n<p style=\"text-align: justify\">\n<span style=\"font-family: Arial, Helvetica, sans-serif;font-size: 14pt;color: #000000\">\u201cTariffs will do more harm than good in bringing about an improvement in intellectual property protection for American companies in China,\u201d Jake Parker, vice president of China operations at the U.S.-China Business Council in Beijing, said by email. \u201cA focused effort to fix the problems is better than imposing sanctions that will bring collateral damage to American households, farmers, and manufacturers.\u201d<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family: Arial, Helvetica, sans-serif;font-size: 14pt;color: #000000\">U.S. President Donald Trump is set to announce about $50 billion of tariffs against China over intellectual-property violations on Thursday, according a person familiar with the matter. The value of the tariffs was based on U.S. estimates of economic damage caused by intellectual-property theft by China, said the person, who spoke on the condition of anonymity.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family: Arial, Helvetica, sans-serif;font-size: 14pt;color: #000000\">Companies do want to see a solution to the problems of weak protection of intellectual property and forced technology transfers, but Parker questioned how the proposed tariffs would do that.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family: Arial, Helvetica, sans-serif;font-size: 14pt;color: #000000\">\u201cHow will that fix the problem? What actions does the administration want China to take to improve IP protection and end forced technology transfer? We hope that the Administration will spell this out,\u201d Parker wrote.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family: Arial, Helvetica, sans-serif;font-size: 14pt;color: #000000\">China\u2019s Ministry of Commerce said in a faxed statement on Tuesday that \u201cChina is a developing country, and it doesn\u2019t have a perfect system to protect intellectual property.\u201d The country welcomes \u201cfriendly negotiations\u201d with the U.S. on the issue, but is firmly opposed to any unilateral moves.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family: Arial, Helvetica, sans-serif;font-size: 8pt;color: #000000\">Source:-https:\/\/www.bloomberg.com\/news\/articles\/2018-03-22\/tariffs-on-china-do-more-harm-than-good-business-council-says<\/span><\/p>\n<div class=\"fb-background-color\">\n\t\t\t  <div \n\t\t\t  \tclass = \"fb-comments\" \n\t\t\t  \tdata-href = \"https:\/\/www.biphoo.com\/bipnews\/world-news\/tariffs-on-china-do-more-harm-than-good-business-council-says.html\"\n\t\t\t  \tdata-numposts = \"10\"\n\t\t\t  \tdata-lazy = \"true\"\n\t\t\t\tdata-colorscheme = \"light\"\n\t\t\t\tdata-order-by = \"social\"\n\t\t\t\tdata-mobile=true>\n\t\t\t  <\/div><\/div>\n\t\t  <style>\n\t\t    .fb-background-color {\n\t\t\t\tbackground: #ffffff !important;\n\t\t\t}\n\t\t\t.fb_iframe_widget_fluid_desktop iframe {\n\t\t\t    width: 630px !important;\n\t\t\t}\n\t\t  <\/style>\n\t\t  ","protected":false},"excerpt":{"rendered":"<p>Tariffs on China Do More Harm Than Good, Business Council Says American companies want solutions to the problems they face doing business in China, not just sanctions from the Trump administration, according to their representative in Beijing. \u201cTariffs will do more harm than good in bringing about an improvement in [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":61126,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5470],"tags":[79821,9292,125903,124805,124817],"class_list":["post-61125","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world-news","tag-latest-news-headlines","tag-latest-us-news","tag-tariffs-on-china-do-more-harm-than-good-business-council-says","tag-usa-breaking-news-and-latest-headlines","tag-usa-today-news"],"_links":{"self":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/posts\/61125","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/comments?post=61125"}],"version-history":[{"count":0,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/posts\/61125\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/media\/61126"}],"wp:attachment":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/media?parent=61125"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/categories?post=61125"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/tags?post=61125"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}