No more free reign to China: Trump after announcing tariffs

ANTHONY WALLACE  AFP  Getty Images

ANTHONY WALLACE AFP Getty Images

-China Business Council, said the group wanted to know what action the US administration wants China to take to improve protection for intellectual property, and over forced technology transfer.

Earlier Thursday, lawmakers and industry groups had expressed fears that China would retaliate even though they shared President Donald Trump's assessment that Beijing's policies - such as forcing USA companies to share their technology with Chinese companies - needed to be curbed. The division came when the government of the Republic of China went to Taiwan in 1949 ending China's civil war. -China trade war ranked as the most-read topic Friday. And the US demand for Chinese goods is expected to increase in the next few years as USA tax cuts boost growth and increase federal borrowing.

The U.S. military has a longstanding position that its operations are carried out throughout the world, including in areas claimed by allies, and they are separate from political considerations.

The total trade deficit with China has swelled as commerce between the two countries has increased.

"A rules-based system gives a basic sense of order to global economic relations".

U.S. Trade Representative Robert Lighthizer said on Wednesday the tariffs would target China's high-technology sector and there could also be restrictions on Chinese investments in the United States.

Senate Minority Leader Charles E. Schumer, long a China critic, had unusual praise for Trump's executive memorandum. In order to protect its interests, China intends to suspend substantive equal concessions and other obligations to the U.S.in accordance with relevant WTO rules and China's trade laws.

But while the USA government's move on steel and aluminum weakens the WTO, its complaint against China's technology-poaching suggests it may yet rely on the body when convenient.

Voice of China objectives are to "promote the party's theories, principles and policies", "coordinate and organize major propaganda coverage", "strengthen the ability to shape public opinion", "improve its global communication capabilities", and "tell the China story well", while possibly challenging the presence of foreign government-funded services like Voice of America that covers issues like human rights.

"I've called for such action for years and been disappointed by the inaction of both Presidents Bush and Obama", Schumer said.

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Numerous reforms are aimed at strengthening the direct control of Communist Party institutions, which had in recent years ceded authority to State or government institutions to implement policies. Sometimes by buying our companies.

When last year's talks made little headway, Trump in August ordered Lighthizer to investigate whether China was discriminating against USA companies with its intellectual property practices.

After the hurried rollout earlier this month of new tariffs on imported steel and aluminum, the Trump administration is portraying the coming China moves as the result of a deliberative inter-agency process. The trick, he said, is not to hurt US companies, workers and families. "It needs to make clear that escalation of U.S. -Taiwan official exchanges will bring serious consequences to Taiwan", said the paper, which is published by the ruling Communist Party's official People's Daily. A more complete list is due soon, to be followed by a 30-day comment period. Officials did not identify which Chinese products will be targeted.

Trump has said that one of these is the issuance of a mirror or reciprocal tariffs. And Chinese investors, including state-backed funds, have been encouraged by their government to acquire USA intellectual property by buying Silicon Valley companies, officials said. "We still don't know what tariffs will be imposed or whether investment restrictions will be made".

The spokeswoman also slammed statements from Trump's economic adviser, Peter Navarro, who accused China of benefiting from bilateral trade much more than Washington benefits from trading with China. He pledged to review USTR's investigation report that Trump based his actions on. "The internet sector represents 3 million jobs and 6 percent of GDP, and these tariffs will leave our customers worse off, stifle growth, and make it harder for the digital economy to succeed", the group said in a press release, warning that ordinary Americans will be caught in the crossfire.

The new legal protections in China have helped create a burst of innovation in industries.

China is now the second-largest export country for ME, and unlike exports to No. 1 Canada, trade with China has grown significantly for the state in recent years.

"Espionage and theft were part of this, but so were forced technology transfers or mandatory joint ventures as a condition for doing business in China", he wrote.

A 25 per cent would be imposed on a second category of goods totalling almost US$2 billion, including pork and aluminium scrap, after "further evaluating the impact of the USA measures on China", the statement said.

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