Vans SK8-HI - High-top trainers brisbanech-26131 - true SK8-HI blue -/yellow 6af3825

China Puts off Licenses for U.S. Companies Amid Tariff Battle
  • VOA News
  • Vans SK8-HI - High-top trainers brisbanech-26131 - true SK8-HI blue -/yellow 6af3825 -

    Vans SK8-HI - High-top trainers brisbanech-26131 - true SK8-HI blue -/yellow 6af3825
Vans SK8-HI - High-top trainers brisbanech-26131 - true SK8-HI blue -/yellow 6af3825

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.

Vans SK8-HI - High-top trainers brisbanech-26131 - true SK8-HI blue -/yellow 6af3825 -
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.

Puma EVOSPEED DISTANCE 7 - Spikes - schwarz/neongelbReebok Classic REVENGE PLUS - Trainers - coal/whiteThe North Face DELLAN - Trainers - black , Tommy Jeans RETRO RUNNER - Trainers - black , Calvin Klein Jeans IACO - Trainers - whiteNew Balance MRL247 - Trainers - light petrol , DC Shoes CRISIS - Skate shoes - navy/khakiHYMN VULC MID - High-top trainers - navySkechers Sport EQUALIZER 3.0 - Trainers - navyCalvin Klein Jeans GERALD - Trainers - black , Wood Wood ALEX SHOE - Trainers - grey , Inov-8 FASTLIFT 335 - Sports shoes - black , Cordwainer BELMONT - Slip-ons - orleans blackVagabond HARVEY - Classic ankle boots - javaPepe Jeans TINKER 1973 - Trainers - navySupra HAMMER RUN - Trainers - light greyEtnies JEFFERSON MID - Skate shoes - navyPepe Jeans JAYKER DUAL - Trainers - bordeauxDiadora TOKYO - Trainers - white/burnt olive greenLowa TIBET LL - Climbing shoes - dunkelbraun/schieferWood Wood DREW SHOE - Trainers - sand , Asics Tiger GELSAGA - Trainers - performance blackSalewa CROW GTX - Climbing shoes - black/papavero , Marc O'Polo Classic ankle boots - dark brownVans SK8-HI - High-top trainers - corsair/true whiteSkechers Sport HANIGER CASSPI - Trainers - white/navy , ecco VITRUS - Classic ankle boots - bisonCalvin Klein Jeans MURPHY - Trainers - whiteKeen UNEEK O2 - Walking sandals - black
Sam Edelman Flip Flops - Women Sam Edelman Flip Flops online on YOOX United Kingdom - 11428680MHJeffrey Campbell Ballet Flats - Women Jeffrey Campbell Ballet Flats online on YOOX United Kingdom - 11560395IH , Dolce & Gabbana Court - Women Dolce & Gabbana Courts online on YOOX United Kingdom - 11294763PRDiemme Ankle Boot - Women Diemme Ankle Boots online on YOOX United Kingdom - 11500633EK , Aigle VENISE Marine / WhiteTipe E Tacchi Court - Women Tipe E Tacchi Courts online on YOOX United Kingdom - 11517702HW , Naturalizer Cognac Pengo ~ Width ~ 8w ~new In Box SandalsWomen's Brian Atwood Black Manic Platforms Strong heat and heat resistanceWOMEN Hermès White Leather Flats Sandals From the latest model , Ladies Rene Caovilla Black Embellished Wedges Selected materialsLADY Birkenstock Blue Arizona Sandals Popular tide shoesSKECHERS Performance Go Walk Lite - 15393 , Clarks POISE ORLA - Over-the-knee boots Colour: schwarzmtng SCARLETT - Ankle boots Colour: karma black , Men/Women La Canadienne Jessy Boots Excellent craft , men/women Geox WITALY23 Loafers Acknowledgement feedbackOscar de la Renta Pamie 55mmNike Performance REVOLUTION 4 EU - Neutral running shoes , mens/womens CARLOS by Carlos Santana Belinda Heels Personalization trend , Adidas Musse & Cloud KRISTY - Ankle boots - blackmen's/women's Mephisto Hilda Perf Sneakers & Athletic Mephisto Caramel, gentle , mens/womens Reebok Classic Leather SPP Sneakers & Athletic Reebok durableCappelletti Sneakers - Women Cappelletti Sneakers online on YOOX United Kingdom - 11496623LPGuess Sandals - Women Guess Sandals online on YOOX United Kingdom - 11403251PF , Camper Boots - Women Camper Boots online on YOOX United Kingdom - 11567218FGCafènoir Ankle Boot - Women Cafènoir Ankle Boots online on YOOX United Kingdom - 11562439EN , Green George Boots - Women Green George Boots online on YOOX United Kingdom - 11520584UR , woman Henry Ferrera Silver Formal Shoes Known for its excellent qualityAsics Gray Womens Gel-scram 3 Trail Running SneakersGiuseppe Zanotti Black Bead & Chain Sandals

Vans SK8-HI - High-top trainers brisbanech-26131 - true SK8-HI blue -/yellow 6af3825 -

  • Copyright © Chosunilbo &
Vans SK8-HI - High-top trainers brisbanech-26131 - true SK8-HI blue -/yellow 6af3825
Previous Next
All Headlines Back to Top
Shoes 2646764