Read more of USTR Lighthizer's Statement on Section 301 Action: https://t.co/kYIrbRgDKe pic.twitter.com/dFfQTvC3RK— USTR (@USTradeRep) 1 August 2018
DW: US to apply more pressure on China with new tariff hike
US Trade Representative Robert Lighthizer has said the scope of tariffs on China is set to increase. The measure would come amid an ongoing trade dispute and after Trump threatened to apply levies on all Chinese goods.
Senior officials in US President Donald Trump's administration said on Wednesday that proposed tariff rates on $200 billion worth of Chinese goods would be raised from 10 percent to 25 percent, in an effort to "encourage" China to change its trade policies.
The Trump administration aims to push changes on China's policies on intellectual property protection, technology transfers and subsidies for high technology industries.
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WNU Editor: These new tariff rates (raised from 10 percent to 25 percent) is to blunt any moves by China to devalue its currency.
3 comments:
Good. If that doesn't make the Chinese realise that the terms of trade changed, maybe the US should finally sue China for the trillions of corporate theft, trade secret theft, extortion, copyright and trademark violations and other things (eg cyber attacks) they've done for decades against the west now. The EU most certainly would join that in front of the WHO and Junker, in his joint statement with Trump,already hinted at exactly that.
At least some of them get caught red handed, but these are the small fishes:
https://www.rt.com/usa/434891-chinese-engineer-trade-secrets/
Chinese's communist are very stupid: Okay, making their currency weak is balancing the tariff...as long as US doesn't increase the tariff, but the worse part is China will pay its imports more expensive from oil to elaborate products they are not able to do (European's or American's). They just cannot win. The only way is to change their illegal practice, but they can't either because they put themselves in a corner.
This guy was funny. Freedom of speech in China. Haha
https://edition-m.cnn.com/2018/08/03/asia/china-professor-wenguang-sun-voa-intl/index.html?r=https%3A%2F%2Fedition.cnn.com%2F
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