Le Stelle Court United - Women Le Stelle 26985 Le Courts online on YOOX United Kingdom - 11450799NE f5b1ccb




China Puts off Licenses for U.S. Companies Amid Tariff Battle
  • VOA News
  • Le Stelle Court United - Women Le Stelle 26985 Le Courts online on YOOX United Kingdom - 11450799NE f5b1ccb - tonysbshop.com

    Le Stelle Court United - Women Le Stelle 26985 Le Courts online on YOOX United Kingdom - 11450799NE f5b1ccb
Le Stelle Court United - Women Le Stelle 26985 Le Courts online on YOOX United Kingdom - 11450799NE f5b1ccb

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.

Le Stelle Court United - Women Le Stelle 26985 Le Courts online on YOOX United Kingdom - 11450799NE f5b1ccb - 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.

Loretta Pettinari Sneakers - Women Loretta Pettinari Sneakers online on YOOX United Kingdom - 11493811IO , Chiara Ferragni Sneakers - Women Chiara Ferragni Sneakers online on YOOX United Kingdom - 11380728RS , Annarita N. Sneakers - Women Annarita N. Sneakers online on YOOX United Kingdom - 11479635WBDivine Follie Sneakers - Women Divine Follie Sneakers online on YOOX United Kingdom - 11512001MB , Tory Burch Sneakers - Women Tory Burch Sneakers online on YOOX United Kingdom - 11452420ID , Windsor Smith Sandals - Women Windsor Smith Sandals online on YOOX United Kingdom - 11346401PDLeather Crown Sneakers - Women Leather Crown Sneakers online on YOOX United Kingdom - 11453483RG , U.S.Polo Assn. Sneakers - Women U.S.Polo Assn. Sneakers online on YOOX United Kingdom - 11350765RKNoa Harmon Loafers - Women Noa Harmon Loafers online on YOOX United Kingdom - 11457961TF , Maria Barcelo Sneakers - Women Maria Barcelo Sneakers online on YOOX United Kingdom - 11521316CDDivine Follie Sandals - Women Divine Follie Sandals online on YOOX United Kingdom - 11374992TU , Mauro Fedeli Loafers - Women Mauro Fedeli Loafers online on YOOX United Kingdom - 11506230UB , Leather Crown Sneakers - Women Leather Crown Sneakers online on YOOX United Kingdom - 11453487NNDiadora Heritage Sneakers - Women Diadora Heritage Sneakers online on YOOX United Kingdom - 11343361PS , Sam Edelman Sandals - Women Sam Edelman Sandals online on YOOX United Kingdom - 11342446MRLeather Crown Sneakers - Women Leather Crown Sneakers online on YOOX United Kingdom - 11453492MV , Eva L?pez Sneakers - Women Eva L?pez Sneakers online on YOOX United Kingdom - 11520850XL , Chiara Ferragni Sneakers - Women Chiara Ferragni Sneakers online on YOOX United Kingdom - 11337140LQDiadora Heritage Sneakers - Women Diadora Heritage Sneakers online on YOOX United Kingdom - 11231622SMVic Matiē Sandals - Women Vic Matiē Sandals online on YOOX United Kingdom - 11456119EP , Noa Harmon Sneakers - Women Noa Harmon Sneakers online on YOOX United Kingdom - 11457915VERuco Line Sneakers - Women Ruco Line Sneakers online on YOOX United Kingdom - 11334954DL , Ruco Line Sneakers - Women Ruco Line Sneakers online on YOOX United Kingdom - 11478640SV , Leather Crown Sneakers - Women Leather Crown Sneakers online on YOOX United Kingdom - 11532195SSLeather Crown Sneakers - Women Leather Crown Sneakers online on YOOX United Kingdom - 11532149QKLeonardo Principi Boots - Women Leonardo Principi Boots online on YOOX United Kingdom - 11534323SM , Pierre Darré Boots - Women Pierre Darré Boots online on YOOX United Kingdom - 11538272UFLeather Crown Sneakers - Women Leather Crown Sneakers online on YOOX United Kingdom - 11531966BVLeonardo Principi Loafers - Women Leonardo Principi Loafers online on YOOX United Kingdom - 11222169VV
Giancarlo Paoli Ankle Boot - Women Giancarlo Paoli Ankle Boots online on YOOX United Kingdom - 11541461JM , Del Carlo Sandals - Women Del Carlo Sandals online on YOOX United Kingdom - 11369598UE , Shoe Bar Sneakers - Women Shoe Bar Sneakers online on YOOX United Kingdom - 11486463SHWOMEN Koolaburra Black Winona Sandals durableXMQAw2Lh mens/womens Sofft Felisa Sandals Export , Ladies adidas White Adilette Sandals Ideal gift for all occasions , WOMEN Cole Haan Pink Sandals The color is very noticeable , Brunello Cucinelli Coral Leather Monili Beaded Slip Ons SneakersPIKOLINOS 902-8905 FASHION ANKLE BOOTS FOR WOMENmens/womens Jessica Simpson Sirella Heels Outstanding featuresNew Look RECOVER - High heelsmens/womens Seagull heels , black, Tamaris Shoes British temperament , men's/women's ALDO Balata Sandals for you to choose , Bikkembergs Sneakers - Men Bikkembergs Sneakers online on YOOX United Kingdom - 11461680POMen/Women Jessica Simpson Carnivela Boots First grade in its classEtq Amsterdam Sneakers - Men Etq Amsterdam Sneakers online on YOOX United Kingdom - 11537546CO , Rick Owens Boots - Men Rick Owens Boots online on YOOX United Kingdom - 11176252QG , mens/womens Nike Flex RN 2017 Sneakers & Athletic Nike Easy to clean surfacePantanetti Boots - Women Pantanetti Boots online on YOOX United Kingdom - 11546471AE , Apepazza Sandals - Women Apepazza Sandals online on YOOX United Kingdom - 11481393WCPremiata Ankle Boot - Women Premiata Ankle Boots online on YOOX United Kingdom - 11530210QA , Strategia Ankle Boot - Women Strategia Ankle Boots online on YOOX United Kingdom - 11482291RTPaloma Barceló Court - Women Paloma Barceló Courts online on YOOX United Kingdom - 11530966VSSilvian Heach Sneakers - Women Silvian Heach Sneakers online on YOOX United Kingdom - 11473097DK , Maintenance capability ECCO Sense Flat , Known for its excellent quality Steve Madden Mychel , Women's Versus Versace Black Heels Platforms Won highly esteemed and widely trusted at home and abroad , Valentino Multicolor 045 Rockstud City Medium 37.5 Sandals , WOMEN Ivy Kirzhner Truffle Gladiator Sandals Price reductionMISS Black Leather Sling Sandals official website

Le Stelle Court United - Women Le Stelle 26985 Le Courts online on YOOX United Kingdom - 11450799NE f5b1ccb - tonysbshop.com

Le Stelle Court United - Women Le Stelle 26985 Le Courts online on YOOX United Kingdom - 11450799NE f5b1ccb
Previous Next
All Headlines Back to Top
Shoes 1824233
3938131
9164594
10095534
10984225
13843762
14173246
15348269
16903433