{"id":62119,"date":"2018-04-03T12:38:56","date_gmt":"2018-04-03T12:38:56","guid":{"rendered":"https:\/\/www.biphoo.com\/bipnews\/?p=62119"},"modified":"2018-04-03T12:38:56","modified_gmt":"2018-04-03T12:38:56","slug":"trump-unveil-china-tariff-list-week-targeting-tech-goods","status":"publish","type":"post","link":"https:\/\/www.biphoo.com\/bipnews\/business\/trump-unveil-china-tariff-list-week-targeting-tech-goods.html","title":{"rendered":"Trump to unveil China tariff list this week, targeting tech goods"},"content":{"rendered":"

Trump to unveil China tariff list this week, targeting tech goods<\/span><\/strong><\/h2>\n

U.S. tariffs on $50 billion to $60 billion worth of annual imports is expected to be levied on products benefiting from Beijing\u2019s \u201cMade in China 2025\u201d industrial development program, but it may be more than two months before the import curbs take effect, administration officials have said.<\/span><\/p>\n

The U.S. Trade Representative\u2019s office needs to unveil the list of products by Friday under President Donald Trump\u2019s China tariff proclamation signed on March 22.<\/span><\/p>\n

The tariffs are aimed at forcing changes to Chinese government policies that USTR says results in the \u201cuneconomic\u201d transfer of U.S. intellectual property to Chinese companies.<\/span><\/p>\n

The agency\u2019s \u201cSection 301\u201d investigation authorizing the tariffs alleges China has systematically sought to misappropriate U.S. intellectual property through joint venture requirements, unfair technology licensing rules, purchases of U.S. technology firms with state funding and outright theft.<\/span><\/p>\n

China has denied that its laws require technology transfers and has threatened to retaliate against any U.S. tariffs with trade sanctions of its own, with potential targets such as U.S. soybeans, aircraft or heavy equipment.<\/span><\/p>\n

On Sunday, Beijing slapped extra tariffs of up to 25 percent on 128 U.S. products including frozen pork, as well as wine and certain fruits and nuts in response to steep U.S. tariffs on imports of aluminum and steel announced last month by the Trump administration.<\/span><\/p>\n

Fears have arisen that the two countries will spiral into a trade war that will crush global growth.<\/span><\/p>\n

U.S. tariffs on $50 billion to $60 billion worth of annual imports is expected to be levied on products benefiting from Beijing\u2019s \u201cMade in China 2025\u201d industrial development program, but it may be more than two months before the import curbs take effect, administration officials have said.<\/span><\/p>\n

The U.S. Trade Representative\u2019s office needs to unveil the list of products by Friday under President Donald Trump\u2019s China tariff proclamation signed on March 22.<\/span><\/p>\n

The tariffs are aimed at forcing changes to Chinese government policies that USTR says results in the \u201cuneconomic\u201d transfer of U.S. intellectual property to Chinese companies.<\/span><\/p>\n

The agency\u2019s \u201cSection 301\u201d investigation authorizing the tariffs alleges China has systematically sought to misappropriate U.S. intellectual property through joint venture requirements, unfair technology licensing rules, purchases of U.S. technology firms with state funding and outright theft.<\/span><\/p>\n

China has denied that its laws require technology transfers and has threatened to retaliate against any U.S. tariffs with trade sanctions of its own, with potential targets such as U.S. soybeans, aircraft or heavy equipment.<\/span><\/p>\n

On Sunday, Beijing slapped extra tariffs of up to 25 percent on 128 U.S. products including frozen pork, as well as wine and certain fruits and nuts in response to steep U.S. tariffs on imports of aluminum and steel announced last month by the Trump administration.<\/span><\/p>\n

Fears have arisen that the two countries will spiral into a trade war that will crush global growth.<\/span><\/p>\n

Wendy Cutler, a former deputy USTR in charge of Asia negotiations, said that addressing the sweeping intellectual property allegations identified by USTR would require major changes to China\u2019s industrial policy. A 60-day settlement may not be realistic in that case.<\/span><\/p>\n

\u201cI think they\u2019ve set up a high bar for what they need to achieve, in order not to impose these types of tariffs and investment restrictions,\u201d Cutler said.<\/span><\/p>\n

Source:-https:\/\/www.reuters.com\/article\/us-usa-trade-china-technology\/trump-to-unveil-china-tariff-list-this-week-targeting-tech-goods-idUSKCN1H90C3<\/span><\/p>\n

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