Munich Sneakers United Sneakers Kingdom - Women Munich Sneakers online on YOOX United Kingdom - 11446999OX 32b1a66




China Puts off Licenses for U.S. Companies Amid Tariff Battle
  • VOA News
  • Munich Sneakers United Sneakers Kingdom - Women Munich Sneakers online on YOOX United Kingdom - 11446999OX 32b1a66 - tonysbshop.com

    Munich Sneakers United Sneakers Kingdom - Women Munich Sneakers online on YOOX United Kingdom - 11446999OX 32b1a66
Munich Sneakers United Sneakers Kingdom - Women Munich Sneakers online on YOOX United Kingdom - 11446999OX 32b1a66

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.

Munich Sneakers United Sneakers Kingdom - Women Munich Sneakers online on YOOX United Kingdom - 11446999OX 32b1a66 - 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.

Hypnosi Loafers - Women Hypnosi Loafers online on YOOX United Kingdom - 11557548EB , 2Star Sneakers - Women 2Star Sneakers online on YOOX United Kingdom - 11550861WFPyrex Boots - Women Pyrex Boots online on YOOX United Kingdom - 11545630MWValleverde Sandals - Women Valleverde Sandals online on YOOX United Kingdom - 11553046WL , Dsquared2 Sandals - Women Dsquared2 Sandals online on YOOX United Kingdom - 11554666GS , 2Star Sneakers - Women 2Star Sneakers online on YOOX United Kingdom - 11552033KC2Star Sneakers - Women 2Star Sneakers online on YOOX United Kingdom - 11549923CJ , Ebarrito Sneakers - Women Ebarrito Sneakers online on YOOX United Kingdom - 11552099ONMontané Espadrilles - Women Montané Espadrilles online on YOOX United Kingdom - 11556588BS , Calpierre Sneakers - Women Calpierre Sneakers online on YOOX United Kingdom - 11551412PWStrategia Boots - Women Strategia Boots online on YOOX United Kingdom - 11549950BJ , Casadei Court - Women Casadei Courts online on YOOX United Kingdom - 11515331OO2Star Sneakers - Women 2Star Sneakers online on YOOX United Kingdom - 11551792HHMontané Espadrilles - Women Montané Espadrilles online on YOOX United Kingdom - 11559394ISPuma Sneakers - Women Puma Sneakers online on YOOX United Kingdom - 11546058HRPremiata Sandals - Women Premiata Sandals online on YOOX United Kingdom - 11560192QRGuess Court - Women Guess Courts online on YOOX United Kingdom - 11556545TW , Garrice Court - Women Garrice Courts online on YOOX United Kingdom - 11559821HSMontané Espadrilles - Women Montané Espadrilles online on YOOX United Kingdom - 11556596CJDeimille Court - Women Deimille Courts online on YOOX United Kingdom - 11556467RVNow Boots - Women Now Boots online on YOOX United Kingdom - 11526551FC , Calpierre Court - Women Calpierre Courts online on YOOX United Kingdom - 11548260SV , Red(V) Sneakers - Women Red(V) Sneakers online on YOOX United Kingdom - 11528025BBCasadei Court - Women Casadei Courts online on YOOX United Kingdom - 11528264AKMontané Espadrilles - Women Montané Espadrilles online on YOOX United Kingdom - 11559404LN , Gaudì Sandals - Women Gaudì Sandals online on YOOX United Kingdom - 11554810SG , Erotokritos Sandals - Women Erotokritos Sandals online on YOOX United Kingdom - 11559908FQ , Reebok Sneakers - Women Reebok Sneakers online on YOOX United Kingdom - 11552835GD , Stokton Sneakers - Women Stokton Sneakers online on YOOX United Kingdom - 11556994QU
Fabrizio Chini Ankle Boot - Women Fabrizio Chini Ankle Boots online on YOOX United Kingdom - 11545881NU , Divine Follie Ankle Boot - Women Divine Follie Ankle Boots online on YOOX United Kingdom - 11563567CB , Giuseppe Zanotti Ankle Boot - Women Giuseppe Zanotti Ankle Boots online on YOOX United Kingdom - 11547215ADNike Tiempo LegendX 7 Academy IC , Gola HARRIER Black / EcruDolce & Gabbana Ballet Flats - Women Dolce & Gabbana Ballet Flats online on YOOX United Kingdom - 11547826GN , BOSS Hugo Boss Boheme Derby Dress by HUGO , lady Prada Black Sports Sandals Wedges Flagship store , Office MYSTIC - High heeled sandals , Tommy Hilfiger JUUSO - Trainers Colour: midnightmen/women 1.STATE Skkylar Flats Latest styles , men/women Sanita Debora Heels Very practical , Adidas Vans UA LAMPIN - Trainers - black/true white , Men/Women rag & bone Rina Boot Boots usePepen Sole DEMASK - Ankle boots Colour: blackPuma | Puma Training Defy Knitted Sneakers In Red And GoldGiuseppe Zanotti Sneakers - Women Giuseppe Zanotti Sneakers online on YOOX United Kingdom - 11465967IN , Pokemaoke Ankle Boot - Women Pokemaoke Ankle Boots online on YOOX United Kingdom - 11530784MP , Mascaró Ballet Flats - Women Mascaró Ballet Flats online on YOOX United Kingdom - 11513798EARuco Line Sneakers - Women Ruco Line Sneakers online on YOOX United Kingdom - 11334276FTL3sp9dCd Dirty Laundry Tena Split SuedePreferred boutique Hurley Fusion 2.0 Slide , bargain Polo Ralph Lauren Redden , Clergerie Luise Cozy up to the fashionably vibrant style of the Robert Clergerie Tinatu , OluKai Pikoi Step lively and confidently in the OluKai Pikoi flip-flop , Dockers Colleague Make connections around the water cooler or after a boardroom meeting in the polished Dockers Colleague loafer , MISS Stuart Weitzman Black Dotsun Wedges Economical and practical , women White Leather Thong Sandals The highest quality material , Tory Burch Blue Hanover Slip On Sneaker Sneakers , women Jimmy Choo Metalic Formal Shoes Elegant style ,

Munich Sneakers United Sneakers Kingdom - Women Munich Sneakers online on YOOX United Kingdom - 11446999OX 32b1a66 - tonysbshop.com

Munich Sneakers United Sneakers Kingdom - Women Munich Sneakers online on YOOX United Kingdom - 11446999OX 32b1a66
Previous Next
All Headlines Back to Top
Shoes 1620239
1839157
3095703
3814148
9307886
10953036
11630622
14005013
16038441