China says it's ready to fight back after USA revives tariffs

Clay Curtis
June 2, 2018

Commerce Secretary Wilbur Ross is expected to return to Beijing on Saturday for continued discussions.

The State Department noted these changes will go into effect starting on June 11.

Trump is under pressure from Congress to stay tough on China, especially Chinese telecoms-equipment maker ZTE Corp. The tariff threat is unlikely to derail ongoing talks, they said.

Her company, Ivanka Trump Marks LLC, already holds more than a dozen trademarks in China and has multiple applications pending, CREW said. China's Foreign Ministry referred questions to the Commerce Ministry, which did not reply to a fax seeking comment.

China commerce's ministry reacted harshly to the United States trade announcement, saying it was surprised and saw it as contrary to the consensus both sides reached recently.

A foreign ministry spokeswoman complained Wednesday that the USA decision to renew a threat to raise duties on a $50 billion list of Chinese goods conflicts with an agreement in mid-May aimed at settling that dispute. Beyond the trade deficit that Donald Trump is so aggressively obsessed with, there are significant forces in the us government that see Chinese industrial policy as predatory and unfair.

The White House said Tuesday, May 29, 2018, that the tariff will cover goods related to the "Made in China 2025" program.

That inquiry provided the justification for punitive tariffs on US$50 billion worth of annual imports from China, which Trump announced last month. Because the ban falls under the U.S. Commerce Department's jurisdiction, it will likely take priority in Ross' upcoming meetings in China.

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Trade tensions between Washington and Beijing appeared to have eased in recent weeks after both sides said they had agreed to put plans for tariffs on hold while they tried to make progress in negotiations. "It could very well complicate Wilbur Ross's visit".

Navarro was part of the delegation Mnuchin led to Beijing in early May for the first round of talks, which produced no consensus and reportedly included a shouting match between the two men over the USA negotiating stance.

It was just a week ago that U.S. Treasury Secretary Steven Mnuchin declared, "We're putting the trade war on hold", and stock markets breathed a sigh of relief. China also subsidizes many favored industries.

"This is a trade dispute that we are having with China", Navarro said to Maria Bartiromo on "Mornings with Maria".

A crackdown of Chinese investment into "industrially significant technology".

The trade-related actions were announced following a report by the Office of the US Trade Representative regarding China's practices with respect to technology transfer, intellectual property and innovation.

The Associated Press (AP), which first reported about the new policy, quoted a USA official as saying Chinese graduate students would be limited to one-year visas if they are studying in certain fields, such as robotics, aviation, and high-tech manufacturing.

Ross and Mnuchin, both former investment bankers, are seen as the more moderate members of the USA negotiating team.

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