Melluso Sandals - - Women Melluso Sandals online 18221 on 11532690LE YOOX United Kingdom - 11532690LE 13d7fde




China Puts off Licenses for U.S. Companies Amid Tariff Battle
  • VOA News
  • Melluso Sandals - - Women Melluso Sandals online 18221 on 11532690LE YOOX United Kingdom - 11532690LE 13d7fde - tonysbshop.com

    Melluso Sandals - - Women Melluso Sandals online 18221 on 11532690LE YOOX United Kingdom - 11532690LE 13d7fde
Melluso Sandals - - Women Melluso Sandals online 18221 on 11532690LE YOOX United Kingdom - 11532690LE 13d7fde

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.

Melluso Sandals - - Women Melluso Sandals online 18221 on 11532690LE YOOX United Kingdom - 11532690LE 13d7fde - 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 - 11500710UW , Lerre Court - Women Lerre Courts online on YOOX United Kingdom - 11470936CGGuess Court - Women Guess Courts online on YOOX United Kingdom - 11500250MECecil Court - Women Cecil Courts online on YOOX United Kingdom - 11484487XKManas Sandals - Women Manas Sandals online on YOOX United Kingdom - 11505977DKVeja Sneakers - Women Veja Sneakers online on YOOX United Kingdom - 11499631PJ , Diemme Sneakers - Women Diemme Sneakers online on YOOX United Kingdom - 11500873MHSaucony Sneakers - Women Saucony Sneakers online on YOOX United Kingdom - 11505694PCKammi Boots - Women Kammi Boots online on YOOX United Kingdom - 11500758EEVans Sneakers - Women Vans Sneakers online on YOOX United Kingdom - 11510903GQ , Lanvin Sneakers - Women Lanvin Sneakers online on YOOX United Kingdom - 11503227QKSchutz Court - Women Schutz Courts online on YOOX United Kingdom - 11477279EIEclaire Court - Women Eclaire Courts online on YOOX United Kingdom - 11506135ULFrau Boots - Women Frau Boots online on YOOX United Kingdom - 11508653NR , Lanvin Sneakers - Women Lanvin Sneakers online on YOOX United Kingdom - 11499808NM , Vans Sneakers - Women Vans Sneakers online on YOOX United Kingdom - 11509896PH , E'clat Boots - Women E'clat Boots online on YOOX United Kingdom - 11502854KCZamagni Boots - Women Zamagni Boots online on YOOX United Kingdom - 11502682LQ , Gas Sneakers - Women Gas Sneakers online on YOOX United Kingdom - 11502755EOMoma Boots - Women Moma Boots online on YOOX United Kingdom - 11501432JP , Nike Sneakers - Women Nike Sneakers online on YOOX United Kingdom - 11504260KLVidorreta Sandals - Women Vidorreta Sandals online on YOOX United Kingdom - 11504357XO , Fitflop Sneakers - Women Fitflop Sneakers online on YOOX United Kingdom - 11506542QFTiffi Boots - Women Tiffi Boots online on YOOX United Kingdom - 11501890OA , 1,618 Boots - Women 1,618 Boots online on YOOX United Kingdom - 11499084FVVans Sneakers - Women Vans Sneakers online on YOOX United Kingdom - 11510527GFMalìparmi Boots - Women Malìparmi Boots online on YOOX United Kingdom - 11500998VV , J.Crew Court - Women J.Crew Courts online on YOOX United Kingdom - 11476609KI , Guess Court - Women Guess Courts online on YOOX United Kingdom - 11493076IL
Gianni Barbato Court - Women Gianni Barbato Courts online on YOOX United Kingdom - 11534279MUStiù Ankle Boot - Women Stiù Ankle Boots online on YOOX United Kingdom - 11461308OIadidas by Raf Simons Detroit Runner , Christian Louboutin Multi Green Opal Mint Pink Purple Yellow Gold Flamingirl Flat Tissue Sneakers B028 SneakersLe Coq Sportif Lcr Xt C Winter - Sneakers - Men Le Coq Sportif Sneakers online on YOOX United Kingdom - 11157794KXOvye' By Cristina Lucchi Sandals - Women Ovye' By Cristina Lucchi Sandals online on YOOX United Kingdom - 11336253BLMTNG 58545 Olivia C39070 Cuero PLATFORM SANDALS FOR WOMEN , REFRESH 63714 C Negro FASHION FOOTWEAR FOR WOMEN , Jimmy Choo Gold Sling Back Heels Sandals , Selected Femme SLFVIRA TRAINER - Trainers Colour: black , men's/women's CAFèNOIR T-bar sandals economic , Men/Women Stuart Weitzman Grandiose Boots discount pricemen's/women's Badgley Mischka Shayna Sandals SellingPavement AVA LOOP - Slip-ons , Puma SUNFADE STITCH - Trainers , Men/Women ohw? Mullan Sneakers & Athletic ohw? best seller , Harley Davidson BOWERS - Cowboy/Biker boots - blackSanaz sandals with rope sole , black, EspritAdidas Clae GREGORY - Trainers - navyPier One Classic ankle boots - blue , Converse Sneakers - Men Converse Sneakers online on YOOX United Kingdom - 11480632XVHogan Sneakers - Men Hogan Sneakers online on YOOX United Kingdom - 11560648SV , Adidas Pepe Jeans VERONA W WINNER - Trainers - black , Espadrilles Sandals - Women Espadrilles Sandals online on YOOX United Kingdom - 11457129FX , Zinda Court - Women Zinda Courts online on YOOX United Kingdom - 11239807KO , Nr Rapisardi Court - Women Nr Rapisardi Courts online on YOOX United Kingdom - 11521411EQwomens Mephisto Allrounder Sneakers Quality and quantity guaranteedladies Burberry Brown Esapdrille Wedge Sandals Charming design , MISS Prada Neon Yellow Sandals Popular tide shoes , womens Stella McCartney Elyse Creepers Sneakers economy

Melluso Sandals - - Women Melluso Sandals online 18221 on 11532690LE YOOX United Kingdom - 11532690LE 13d7fde - tonysbshop.com

Melluso Sandals - - Women Melluso Sandals online 18221 on 11532690LE YOOX United Kingdom - 11532690LE 13d7fde
Previous Next
All Headlines Back to Top
Shoes 464695
4538462
7177727
10077309
10264412
10483630
10610762
16207937
17464473