Geox 11414496XW Sandals - Women Geox YOOX Sandals online on 26770 YOOX United Kingdom - 11414496XW 7e8eacb




China Puts off Licenses for U.S. Companies Amid Tariff Battle
  • VOA News
  • Geox 11414496XW Sandals - Women Geox YOOX Sandals online on 26770 YOOX United Kingdom - 11414496XW 7e8eacb - tonysbshop.com

    Geox 11414496XW Sandals - Women Geox YOOX Sandals online on 26770 YOOX United Kingdom - 11414496XW 7e8eacb
Geox 11414496XW Sandals - Women Geox YOOX Sandals online on 26770 YOOX United Kingdom - 11414496XW 7e8eacb

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.

Geox 11414496XW Sandals - Women Geox YOOX Sandals online on 26770 YOOX United Kingdom - 11414496XW 7e8eacb - tonysbshop.com
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.

Vans Sneakers - Women Vans Sneakers online on YOOX United Kingdom - 11495653XCBruschi Sandals - Women Bruschi Sandals online on YOOX United Kingdom - 11459061BA , Piampiani Sneakers - Women Piampiani Sneakers online on YOOX United Kingdom - 11491259JJLumberjack Sneakers - Women Lumberjack Sneakers online on YOOX United Kingdom - 11505823OLFabi Court - Women Fabi Courts online on YOOX United Kingdom - 11536052KP , Stiù Court - Women Stiù Courts online on YOOX United Kingdom - 11461486JJMarian Court - Women Marian Courts online on YOOX United Kingdom - 11511764JD , Vans Sneakers - Women Vans Sneakers online on YOOX United Kingdom - 11492293LNSara Sandals - Women Sara Sandals online on YOOX United Kingdom - 11507658LK , Minnetonka Sandals - Women Minnetonka Sandals online on YOOX United Kingdom - 11251348BUFrey Loafers - Women Frey Loafers online on YOOX United Kingdom - 11459925CTEspadrilles Espadrilles - Women Espadrilles Espadrilles online on YOOX United Kingdom - 11152911WF , Vans Sneakers - Women Vans Sneakers online on YOOX United Kingdom - 11492545FLL4k3 Sneakers - Women L4k3 Sneakers online on YOOX United Kingdom - 11486172DBVans Sneakers - Women Vans Sneakers online on YOOX United Kingdom - 11494486JFFragiacomo Loafers - Women Fragiacomo Loafers online on YOOX United Kingdom - 11519722QUVans Sneakers - Women Vans Sneakers online on YOOX United Kingdom - 11518546BPSara Sandals - Women Sara Sandals online on YOOX United Kingdom - 11460467NH , Vans Sneakers - Women Vans Sneakers online on YOOX United Kingdom - 11475938FN , Bruschi Loafers - Women Bruschi Loafers online on YOOX United Kingdom - 11486732USSara Sandals - Women Sara Sandals online on YOOX United Kingdom - 11507582KJCecconello Sandals - Women Cecconello Sandals online on YOOX United Kingdom - 11253359KU , Cult Loafers - Women Cult Loafers online on YOOX United Kingdom - 11251057ME , Zinda Loafers - Women Zinda Loafers online on YOOX United Kingdom - 11518014DVNike Sneakers - Women Nike Sneakers online on YOOX United Kingdom - 11408564KC , Spaziomoda Boots - Women Spaziomoda Boots online on YOOX United Kingdom - 11448584WG2Star Sneakers - Women 2Star Sneakers online on YOOX United Kingdom - 11312730OJ , Sara Sandals - Women Sara Sandals online on YOOX United Kingdom - 11435768WS , Spaziomoda Boots - Women Spaziomoda Boots online on YOOX United Kingdom - 11449202WN
Angela George Loafers - Women Angela George Loafers online on YOOX United Kingdom - 11534121JQCLARKS Dalia Violet SHOES FOR WOMEN , CALLAGHAN 16202.2 CASUAL SHOES FOR MAN , PUMA x ATELIER NEW REGIME TSUGI Jun Sneakers | Puma Black-Scarlet Ibis | PUMA SHOP ALL | PUMA United StatesNike Nike Roshe One Print - Sneakers - Men Nike Sneakers online on YOOX United Kingdom - 11004206KA , VITA UNICA Sandalia Vita Unica De Piel Beig WEDGE-HEEL SANDALS FOR WOMENValentino White Rubber Sole Garavani Open Sneaker In Calfskin Leather SneakersTory Burch Brown and Snake Skin Thora Wedge Sandals , ALDO AURELLA - High heeled ankle boots , men/women Foamtreads Katla Slippers Innovative design , mens/womens Nine West Unrico Flats comfortability , men/women LifeStride Western Boots Outstanding function , Adidas Wood Wood DREW SHOE - Trainers - blackNew Look Wide Fit WIDE FIT JENSON - Slip-onsASICS GT-2000 6 LITE-SHOW - Stabilty running shoes Colour: blackmens/womens El Naturalista Octopus NC06 Boots Pleasant appearance , Satorisan Sneakers - Men Satorisan Sneakers online on YOOX United Kingdom - 11119703JNmen's/women's New Balance XC5000 v3 Sneakers & Athletic New Balance Fashion versatile shoes , P448 Sneakers - Women P448 Sneakers online on YOOX United Kingdom - 11457016KELagoa Espadrilles - Women Lagoa Espadrilles online on YOOX United Kingdom - 11506316QIFiorina Sandals - Women Fiorina Sandals online on YOOX United Kingdom - 11473254RE , Holly Queen Court - Women Holly Queen Courts online on YOOX United Kingdom - 11552160AUCivico 38 Sneakers - Women Civico 38 Sneakers online on YOOX United Kingdom - 11473713PP , Atelier Mercadal Court - Women Atelier Mercadal Courts online on YOOX United Kingdom - 11405312UUMiu Miu Court - Women Miu Miu Courts online on YOOX United Kingdom - 11260416DPwoman beek Black Cardinal Sandals Unique , E0F050ka Levi's Shoes Jeffrey 501 DenimruznYZgy woman Prada Beige/Gold Wedges ComfortWomen's SCHUTZ Black Erlina Sandals settlement Price , Ladies Material Girl Brown #39232 Sandals Affordable ,

Geox 11414496XW Sandals - Women Geox YOOX Sandals online on 26770 YOOX United Kingdom - 11414496XW 7e8eacb - tonysbshop.com

Geox 11414496XW Sandals - Women Geox YOOX Sandals online on 26770 YOOX United Kingdom - 11414496XW 7e8eacb
Previous Next
All Headlines Back to Top
Shoes 1809729
4240340
7535041
8148649
8985016
15461143
15887156
16978255
17570292