Selected Homme SLHROYCE MONK Homme dark SHOE - Smart slip-ons - antiinfla-2248 dark navy d452518

China Puts off Licenses for U.S. Companies Amid Tariff Battle
  • VOA News
  • Selected Homme SLHROYCE MONK Homme dark SHOE - Smart slip-ons - antiinfla-2248 dark navy d452518 -

    Selected Homme SLHROYCE MONK Homme dark SHOE - Smart slip-ons - antiinfla-2248 dark navy d452518
Selected Homme SLHROYCE MONK Homme dark SHOE - Smart slip-ons - antiinfla-2248 dark navy d452518

September 12, 2018 08:15

Amid a worsening tariff battle, China is putting off accepting license applications from American companies in financial services and other industries until Washington makes progress toward a settlement, an official of a business group said Tuesday.

The disclosure is the first public confirmation of U.S. companies' fears that their operations in China or access to its markets might be disrupted by the battle over Beijing's technology policy. China is running out of American imports for penalties in response to U.S. President Donald Trump's tariff hikes, which has prompted worries that Chinese regulators might target operations of U.S. companies.

The license delay applies to industries Beijing has promised to open to foreign competitors, according to Jacob Parker, vice president for China operations of the U.S.-China Business Council. The group represents some 200 American companies that do business with China.

In meetings over the past three weeks, Cabinet-level officials told USCBC representatives they are putting off accepting applications "until the trajectory of the U.S.-China relationship improves and stabilizes," Parker said.

Chinese authorities have promised to increase foreign access to areas including banking, securities, insurance and asset management. "There seem to be domestic political pressures that are working against the perception of U.S. companies receiving benefits" during the dispute, Parker said.

As for what improvement might entail, Parker said Chinese officials want an end to Trump's tariff hikes and a negotiated settlement. He declined to identify the officials but, in a sign Beijing wants foreign companies to help lobby Washington, said the meetings represented "unprecedented access" for his group.

Beijing matched Trump's earlier tariff increase on $50 billion of imports but is running out of American goods for retaliation due to their lopsided trade balance. China bought American goods worth about $1 for every $3 of goods it exported to the United States.

Trump is poised to decide whether to raise duties on $200 billion of Chinese goods. Beijing has issued a $60 billion list of goods for retaliation. A foreign ministry spokesman, Geng Shuang, said Monday that China will "definitely take countermeasures" if the tariff hike goes ahead.

Selected Homme SLHROYCE MONK Homme dark SHOE - Smart slip-ons - antiinfla-2248 dark navy d452518 -
An online video about U.S.-China trade tensions produced by China's state television broadcaster plays on a computer screen in Beijing, China on Aug. 23, 2018. /AP

Economists have warned Beijing might target service industries such as engineering or logistics, in which the United States runs a trade surplus with China.

Chinese commentators have suggested Beijing might use its multitrillion-dollar holdings of U.S. government debt as a weapon, though that would impose costs on China. State-controlled media have encouraged boycotts of Japanese and South Korean products in past disputes with those governments.

The government said in June it would impose unspecified "comprehensive measures" if necessary. That left U.S. companies on edge about whether Beijing will use its heavily regulated economy to disrupt their operations by withholding licenses or launching tax, anti-monopoly or other investigations.

Chinese leaders reject Trump's demand to roll back official industry plans such as "Made in China 2025," which calls for state-led creation of global champions in robotics, artificial intelligence and other technologies.

Washington, Europe and other trading partners say those plans violate Beijing's market-opening commitments. But Communist leaders see them as a path to prosperity and global influence.

Chinese negotiators agreed in May to narrow their multibillion-dollar trade surplus with the United States by purchasing more American soybeans and other products. Beijing scrapped that deal after Trump's first tariff increase went ahead July 6.

In addition to rolling back industry plans, the Trump administration wants Beijing to reduce the privileges of state-owned companies and eliminate requirements for foreign companies to hand over technology to Chinese partners.

In their meetings with the USCBC, Chinese officials expressed willingness to buy more American exports but "showed no appetite at all" to talk about industry reform, technology policy or other U.S. priorities, Parker said. "I don't consider that to be very positive for any kind of negotiated outcome in the short term or medium term," he said.

Chinese regulators have shown their willingness to attack foreign companies in disputes with other governments. Last year, Beijing destroyed South Korean retailer Lotte's business in China after it sold a golf course in South Korea to the country's government for construction of a missile defense system opposed by Chinese leaders.

Beijing closed most of Lotte's 99 supermarkets and other outlets in China. Seoul and Beijing later mended relations, but Lotte gave up and sold its China operations.

Melvin & Hamilton TONI - Classic ankle boots - stone/ice blue/green , KARL LAGERFELD MARTE KARL IKONIK - Cowboy/Biker boots - blackadidas Originals NMD CS2 - Trainers - core black/carbon/footwear white , Puma CARSON 2 NEW CORE - Neutral running shoes - olivNike Performance AIR MAX TRAINER 1 - Sports shoes - blackPuma HYBRID ROCKET RUNNER - Neutral running shoes - black/ribbon red , Puma TSUGI JUN SPORT STRIPES - Trainers - black/gray violet/ribbon redadidas Originals FOREST GROVE - Trainers - grey three/collegiate navy/grey tow , Nike Performance ODYSSEY REACT - Neutral running shoes - black/white/wolf grey , Nike Sportswear AIR SPAN II - Trainers - white/wolf grey/pure platinumUnder Armour CHARGED ULTIMATE 3.0 - Sports shoes - downtown green/black , Nike SB AIR MAX BRUIN VPR TXT - Trainers - gunsmoke/black/white , Puma RS-0 808 - Trainers - puma white/dazzling blue/high risk red , Under Armour MICRO G PURSUIT - Neutral running shoes - academyPark Authority GK 3000 - High-top trainers - dark honey , Nike Performance AIR VERSITILE III - Basketball shoes - universal red/black/anthracite , Nike Performance KYRIE FLYTRAP - Basketball shoes - university red/metallic gold/black , Converse CHUCK TAYLOR ALL STAR '70 OX - Trainers - black/egret , Nike Sportswear AIR MAX 270 - Trainers - olive/black/golden moss/medium olive , Nike Sportswear SF AF1 MID - High-top trainers - black/cool grey , Puma SPEED IGNITE NETFIT 2 - Neutral running shoes - fnight/firecracker/white , Nike Sportswear AIR FORCE 1 07 - Trainers - medium olive/sailBorn Rich MENS HITOP BOURBON - High-top trainers - blackMassimo Dutti MIT LOAFER DETAIL - Smart slip-ons - blackConverse CHUCK TAYLOR ALL STAR HI - High-top trainers - navy/egretNike Sportswear AIR MAX COMMAND - Trainers - wolf grey/black/cool grey/whiteadidas Originals PW TENNIS HU - Trainers - footwear white/core white , Under Armour PROJECT ROCK 1 - Sports shoes - black/steeltown gold , Nike Sportswear AIR MAX 270 - Trainers - white/persian violet/dark grey ,
Laura Biagiotti Ankle Boot - Women Laura Biagiotti Ankle Boots online on YOOX United Kingdom - 11505780AVIsabelle Paris Court - Women Isabelle Paris Courts online on YOOX United Kingdom - 11456688MN , Valentino Garavani Ankle Boot - Women Valentino Garavani Ankle Boots online on YOOX United Kingdom - 11528271LOTommy Hilfiger KALINA 6A BrownDibrera By Paolo Zanoli Ankle Boot - Women Dibrera By Paolo Zanoli Ankle Boots online on YOOX United Kingdom - 11445464SO , 3.1 Phillip Lim Ankle Boot - Women 3.1 Phillip Lim Ankle Boots online on YOOX United Kingdom - 11515631SRwoman Jeffrey Campbell Tan Suede Wedges Win highly appreciated , ALMA EN PENA 18334 FASHION SANDALS FOR WOMEN , Women's Christian Louboutin Burgundy Wedges Special function , Men/Women Steve Madden Kojaxx Oxfords luxurious , New Balance ML840 - Trainers , New Look KEITH TASSEL LOAFER - Slip-ons - black , Les Tropéziennes par M Belarbi HIBALEO - Mules Colour: brown , men/women Merrell Terran Ari Convert Sandals a variety of , Hummel SLIMMER STADIL - High-top trainers - red , Men/Women Spring Step Gem Boots Orders are welcomeLanvin Sneakers - Women Lanvin Sneakers online on YOOX United Kingdom - 11492873TP , Lanvin Sneakers - Men Lanvin Sneakers online on YOOX United Kingdom - 11300332XT , Y-3 Sneakers - Men Y-3 Sneakers online on YOOX United Kingdom - 11486942AFMarsèll Boots - Men Marsèll Boots online on YOOX United Kingdom - 11504926EPMen/Women bernie mev. Daphne Sneakers & Athletic bernie mev. Pick up at the boutiqueCantarelli Loafers - Women Cantarelli Loafers online on YOOX United Kingdom - 11516931PPDeimille Court - Women Deimille Courts online on YOOX United Kingdom - 11552421RWO.X.S. Ankle Boot - Women O.X.S. Ankle Boots online on YOOX United Kingdom - 11457949AS , Alberta Ferretti Sandals - Women Alberta Ferretti Sandals online on YOOX United Kingdom - 11326926RVPoesie Veneziane Loafers - Women Poesie Veneziane Loafers online on YOOX United Kingdom - 11514987EK5LzET0ca Tommy Bahama Anchors Ashore Thong , Impeccable Native Shoes Yates LX , MISS Prada White New Sneakers Not so expensivelady Dior White/Silver Formal Shoes Moderate price ,

Selected Homme SLHROYCE MONK Homme dark SHOE - Smart slip-ons - antiinfla-2248 dark navy d452518 -

  • Copyright © Chosunilbo &
Selected Homme SLHROYCE MONK Homme dark SHOE - Smart slip-ons - antiinfla-2248 dark navy d452518
Previous Next
All Headlines Back to Top
Shoes 453361