Vittorio Virgili 24367 Virgili Court - Women online Vittorio Virgili Courts online on YOOX United Kingdom - 11427035DB 4b151c7




China Puts off Licenses for U.S. Companies Amid Tariff Battle
  • VOA News
  • Vittorio Virgili 24367 Virgili Court - Women online Vittorio Virgili Courts online on YOOX United Kingdom - 11427035DB 4b151c7 - tonysbshop.com

    Vittorio Virgili 24367 Virgili Court - Women online Vittorio Virgili Courts online on YOOX United Kingdom - 11427035DB 4b151c7
Vittorio Virgili 24367 Virgili Court - Women online Vittorio Virgili Courts online on YOOX United Kingdom - 11427035DB 4b151c7

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.

Vittorio Virgili 24367 Virgili Court - Women online Vittorio Virgili Courts online on YOOX United Kingdom - 11427035DB 4b151c7 - 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.

Vic Matiē Sandals - Women Vic Matiē Sandals online on YOOX United Kingdom - 11423591OI , F.Lli Bruglia Court - Women F.Lli Bruglia Courts online on YOOX United Kingdom - 11408426TI , Fauzian Jeunesse Court - Women Fauzian Jeunesse Courts online on YOOX United Kingdom - 44988467QT , F.Lli Bruglia Court - Women F.Lli Bruglia Courts online on YOOX United Kingdom - 11408584BD , Del Carlo Court - Women Del Carlo Courts online on YOOX United Kingdom - 11378822FL , Giorgio Fabiani Sandals - Women Giorgio Fabiani Sandals online on YOOX United Kingdom - 11332887AC , Ballin Ballet Flats - Women Ballin Ballet Flats online on YOOX United Kingdom - 11432200IKPorts 1961 Sneakers - Women Ports 1961 Sneakers online on YOOX United Kingdom - 11365269KX , Giancarlo Paoli Sandals - Women Giancarlo Paoli Sandals online on YOOX United Kingdom - 11402018NJPons Quintana Espadrilles - Women Pons Quintana Espadrilles online on YOOX United Kingdom - 11433783QXBruno Magli Sandals - Women Bruno Magli Sandals online on YOOX United Kingdom - 11333124DQ , Sargossa Ankle Boot - Women Sargossa Ankle Boots online on YOOX United Kingdom - 11280235JO , Luca Valentini Court - Women Luca Valentini Courts online on YOOX United Kingdom - 11355349KI , Pantofola D'oro Court - Women Pantofola D'oro Courts online on YOOX United Kingdom - 11221111BPVicini Tapeet Sandals - Women Vicini Tapeet Sandals online on YOOX United Kingdom - 11420443NVFabiana Filippi Sandals - Women Fabiana Filippi Sandals online on YOOX United Kingdom - 11420980DU , Giorgio Fabiani Sandals - Women Giorgio Fabiani Sandals online on YOOX United Kingdom - 11332895SF , Gianfranco Lattanzi Sneakers - Women Gianfranco Lattanzi Sneakers online on YOOX United Kingdom - 11430724EO , Suecomma Bonnie Sneakers - Women Suecomma Bonnie Sneakers online on YOOX United Kingdom - 11425680RE , Robert Clergerie Sandals - Women Robert Clergerie Sandals online on YOOX United Kingdom - 11410801PUGianna Meliani Sandals - Women Gianna Meliani Sandals online on YOOX United Kingdom - 11410176QFLoretta Pettinari Sandals - Women Loretta Pettinari Sandals online on YOOX United Kingdom - 11390027FCRachel Zoe Sandals - Women Rachel Zoe Sandals online on YOOX United Kingdom - 11265341OA , Lola Cruz Sandals - Women Lola Cruz Sandals online on YOOX United Kingdom - 11354584VW , Marco Barbabella Court - Women Marco Barbabella Courts online on YOOX United Kingdom - 11380755BS , Bruno Magli Sandals - Women Bruno Magli Sandals online on YOOX United Kingdom - 11333114POVicini Tapeet Sandals - Women Vicini Tapeet Sandals online on YOOX United Kingdom - 11396633LF , Pantofola D'oro Sneakers - Women Pantofola D'oro Sneakers online on YOOX United Kingdom - 11353874KNLoretta Pettinari Sandals - Women Loretta Pettinari Sandals online on YOOX United Kingdom - 11385878BI
[Espadrij] Classic Fruits - Espadrilles - Women [Espadrij] Espadrilles online on YOOX United Kingdom - 11248959TR , men/women Sesto Meucci Varlet Loafers Won highly appreciated and widely trusted at home and abroad , Suecomma Bonnie Sandals - Women Suecomma Bonnie Sandals online on YOOX United Kingdom - 11425683PPInk Ankle Boot - Women Ink Ankle Boots online on YOOX United Kingdom - 11474002LQ , Superga 2750 COTU CLASSIC MarineVisconti & Du Réau Sandals - Women Visconti & Du Réau Sandals online on YOOX United Kingdom - 11397960AP , WOMEN BCBGeneration Braun 903017 Platforms Every article described is available , Diane von Furstenberg Black Gladys Leather & Wooden Sandals , LOIS 84713 43 Camel CASUAL SHOES FOR MAN , Superga Alexa Chung - 2294 Cothookw SneakerYOKONO Tilsa-027 FASHION ANKLE BOOTS FOR WOMENmen's/women's Teva Slim Universal Sandals Preferential priceCalvin Klein WINONA - Slip-ons Colour: black , men/women Etro Printed Sandal Heels discountman/woman Frye Ray Grommet Tall Boots Quality queenMauron Loafers - Men Mauron Loafers online on YOOX United Kingdom - 11579971MUKeys Sneakers - Men Keys Sneakers online on YOOX United Kingdom - 11551757XS , House of Hounds | House Of Hounds Archer loafers in burgundy , Leather Crown Sneakers - Men Leather Crown Sneakers online on YOOX United Kingdom - 11263467VXNike Sneakers - Women Nike Sneakers online on YOOX United Kingdom - 11235002QSQuattrobarradodici Sneakers - Women Quattrobarradodici Sneakers online on YOOX United Kingdom - 11459467LJVersace Sneakers - Women Versace Sneakers online on YOOX United Kingdom - 11429882CUAlexander Mcqueen Court - Women Alexander Mcqueen Courts online on YOOX United Kingdom - 11463595WBGianmarco Lorenzi Court - Women Gianmarco Lorenzi Courts online on YOOX United Kingdom - 11532372UR , Jimmy Choo Sandals - Women Jimmy Choo Sandals online on YOOX United Kingdom - 11460498JB , Chiara Ferragni Sneakers - Women Chiara Ferragni Sneakers online on YOOX United Kingdom - 11212240AQZara White and Black Women Fashion Sneaker Start Stop Logo Sneakers , Elie Tahari Metallic Black New High Top Leather Fashion Sneaker SneakersLanvin New Python Ankle Strap Studs Covered Heel Leather Sandalswomen Sam Edelman Leopard Sandals Consumers first

Vittorio Virgili 24367 Virgili Court - Women online Vittorio Virgili Courts online on YOOX United Kingdom - 11427035DB 4b151c7 - tonysbshop.com

Vittorio Virgili 24367 Virgili Court - Women online Vittorio Virgili Courts online on YOOX United Kingdom - 11427035DB 4b151c7
Previous Next
All Headlines Back to Top
Shoes 886481
4484299
5727778
8258952
8602080
9511695
13487920
14691496
15947256