Giordana F. Loafers Kingdom - Women Women Giordana F. Loafers on online on YOOX United Kingdom - 11458357WL 822b8f9




China Puts off Licenses for U.S. Companies Amid Tariff Battle
  • VOA News
  • Giordana F. Loafers Kingdom - Women Women Giordana F. Loafers on online on YOOX United Kingdom - 11458357WL 822b8f9 - tonysbshop.com

    Giordana F. Loafers Kingdom - Women Women Giordana F. Loafers on online on YOOX United Kingdom - 11458357WL 822b8f9
Giordana F. Loafers Kingdom - Women Women Giordana F. Loafers on online on YOOX United Kingdom - 11458357WL 822b8f9

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.

Giordana F. Loafers Kingdom - Women Women Giordana F. Loafers on online on YOOX United Kingdom - 11458357WL 822b8f9 - 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.

Paul Andrew Sandals - Women Paul Andrew Sandals online on YOOX United Kingdom - 11365739HL , Bruno Premi Sandals - Women Bruno Premi Sandals online on YOOX United Kingdom - 11443499UCBruno Premi Sandals - Women Bruno Premi Sandals online on YOOX United Kingdom - 11443537ARLe Silla Sandals - Women Le Silla Sandals online on YOOX United Kingdom - 11395353QJAlaïa Flip Flops - Women Alaïa Flip Flops online on YOOX United Kingdom - 11434099UGHogan Ballet Flats - Women Hogan Ballet Flats online on YOOX United Kingdom - 11120220LL , Bruno Premi Sandals - Women Bruno Premi Sandals online on YOOX United Kingdom - 11443716XK , Moschino Ankle Boot - Women Moschino Ankle Boots online on YOOX United Kingdom - 11451176WABruno Premi Sandals - Women Bruno Premi Sandals online on YOOX United Kingdom - 11443868AT , Bruno Premi Sandals - Women Bruno Premi Sandals online on YOOX United Kingdom - 11443490GVPierre Hardy Sandals - Women Pierre Hardy Sandals online on YOOX United Kingdom - 11202527GWSophia Webster Sandals - Women Sophia Webster Sandals online on YOOX United Kingdom - 11358605HLBruno Premi Sandals - Women Bruno Premi Sandals online on YOOX United Kingdom - 11464211SR , Bruno Premi Sandals - Women Bruno Premi Sandals online on YOOX United Kingdom - 11463473NKLe Silla Sandals - Women Le Silla Sandals online on YOOX United Kingdom - 11147446AVDsquared2 Ballet Flats - Women Dsquared2 Ballet Flats online on YOOX United Kingdom - 11066361VC , Le Silla Sandals - Women Le Silla Sandals online on YOOX United Kingdom - 11395356GMTod's Ballet Flats - Women Tod's Ballet Flats online on YOOX United Kingdom - 11412429VW , Gianvito Rossi Sandals - Women Gianvito Rossi Sandals online on YOOX United Kingdom - 11362150SN , Bianca Di Sandals - Women Bianca Di Sandals online on YOOX United Kingdom - 11452801JBBruno Premi Sandals - Women Bruno Premi Sandals online on YOOX United Kingdom - 11443487WABruno Premi Sandals - Women Bruno Premi Sandals online on YOOX United Kingdom - 11443921KBBianca Di Sandals - Women Bianca Di Sandals online on YOOX United Kingdom - 11440864RVSenso Jemma-Ii-Chrome-Silver - Sandals - Women Senso Sandals online on YOOX United Kingdom - 11457607ST , Alexandre Birman Sandals - Women Alexandre Birman Sandals online on YOOX United Kingdom - 11380670PF , Sergio Rossi Court - Women Sergio Rossi Courts online on YOOX United Kingdom - 44734843OM , Paul Andrew Sandals - Women Paul Andrew Sandals online on YOOX United Kingdom - 11448053IG , Dsquared2 Flip Flops - Women Dsquared2 Flip Flops online on YOOX United Kingdom - 11414916PBGianvito Rossi Sandals - Women Gianvito Rossi Sandals online on YOOX United Kingdom - 11438603FQ ,
Fiori Di Picche Sneakers - Women Fiori Di Picche Sneakers online on YOOX United Kingdom - 11005671RM , Maison Margiela Ankle Boot - Women Maison Margiela Ankle Boots online on YOOX United Kingdom - 11213762WNLanciotti Dé Verzi Loafers - Men Lanciotti Dé Verzi Loafers online on YOOX United Kingdom - 11473136KC , Salomon X Ultra 3 LTR GTX?DESCANFLEX 23523 ZAPATO PLANO PARA MUJER , woman Prada Patent Sandals Exquisite workmanship , Mm6 Maison Margiela Ankle Boot - Women Mm6 Maison Margiela Ankle Boots online on YOOX United Kingdom - 11469455XB , N.D.C. Made By Hand Sneakers - Men N.D.C. Made By Hand Sneakers online on YOOX United Kingdom - 11196805XJwomen Prada Blush Platforms Won highly esteemed and widely trusted at home and abroadFrye Jayden Buckle Back Zip Wide Calf , men/women PERLATO Slip-ons classic stylemen's/women's Bandolino Lomb Loafers Diversified new design , mens/womens Melissa Shoes Seduction II Flats Non-slip , men/women Think! 82590 Sandals Modern designmen's/women's Hummel CHOICE - Trainers Perfect processingMen/Women Via Spiga Jordan Sandals Easy to clean surface , Adidas Moheda Toffeln ULRIKA - Sandals - pull up black , Manuel Ritz Sneakers - Men Manuel Ritz Sneakers online on YOOX United Kingdom - 11297484PCMichel Simon Loafers - Men Michel Simon Loafers online on YOOX United Kingdom - 11519582OLmens/womens Michael Antonio Darn - Velvet Sneakers & Athletic Michael Antonio Comfortable feelingLerre Ankle Boot - Women Lerre Ankle Boots online on YOOX United Kingdom - 11518458KWSelected Ankle Boot - Women Selected Ankle Boots online on YOOX United Kingdom - 11503532UB , Steve Madden Sandals - Women Steve Madden Sandals online on YOOX United Kingdom - 11355004IIBetsey Johnson Metallic Pink 57281 Sandals , cn4wphFl Tory Burch Melody Ankle Strap , U1olIUCB Lacoste Carnaby Evo 218 2 , Reputation first Harley-Davidson Inman Mills , Tory Burch Navy Gemini Link Suede Ankle Strap Flats SandalsPrada Black Womens Leather Buckle Strap Kitten SandalsLadies Vince Camuto Mandarin Sandals Big clearance sale

Giordana F. Loafers Kingdom - Women Women Giordana F. Loafers on online on YOOX United Kingdom - 11458357WL 822b8f9 - tonysbshop.com

Giordana F. Loafers Kingdom - Women Women Giordana F. Loafers on online on YOOX United Kingdom - 11458357WL 822b8f9
Previous Next
All Headlines Back to Top
Shoes 2337162
4310688
5309336
9040168
12844156
12987259
15269700
17150697
18336772