Hogan 26912 Sneakers - Women Hogan Sneakers online online on Kingdom YOOX United Kingdom - 11578847NW 40a208a




China Puts off Licenses for U.S. Companies Amid Tariff Battle
  • VOA News
  • Hogan 26912 Sneakers - Women Hogan Sneakers online online on Kingdom YOOX United Kingdom - 11578847NW 40a208a - tonysbshop.com

    Hogan 26912 Sneakers - Women Hogan Sneakers online online on Kingdom YOOX United Kingdom - 11578847NW 40a208a
Hogan 26912 Sneakers - Women Hogan Sneakers online online on Kingdom YOOX United Kingdom - 11578847NW 40a208a

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.

Hogan 26912 Sneakers - Women Hogan Sneakers online online on Kingdom YOOX United Kingdom - 11578847NW 40a208a - 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.

Ras Loafers - Women Ras Loafers online on YOOX United Kingdom - 11319865RF , Hogan Boots - Women Hogan Boots online on YOOX United Kingdom - 11299201HA , Marni Sandals - Women Marni Sandals online on YOOX United Kingdom - 11475636DPGiannico Loafers - Women Giannico Loafers online on YOOX United Kingdom - 11488584VBHogan Court - Women Hogan Courts online on YOOX United Kingdom - 11240503HBDsquared2 Sneakers - Women Dsquared2 Sneakers online on YOOX United Kingdom - 11553976UJ , Schutz Court - Women Schutz Courts online on YOOX United Kingdom - 11410592FTHogan Sneakers - Women Hogan Sneakers online on YOOX United Kingdom - 11289042EN , Pinko Sneakers - Women Pinko Sneakers online on YOOX United Kingdom - 11435911IX , Tod's Loafers - Women Tod's Loafers online on YOOX United Kingdom - 11542288NG , Vic Sandals - Women Vic Sandals online on YOOX United Kingdom - 11278107TJPinko Sneakers - Women Pinko Sneakers online on YOOX United Kingdom - 11372579NT , Joshua*S Loafers - Women Joshua*S Loafers online on YOOX United Kingdom - 11372608CLZinda Loafers - Women Zinda Loafers online on YOOX United Kingdom - 11338544BKSchutz Court - Women Schutz Courts online on YOOX United Kingdom - 11434887BN , Hogan Court - Women Hogan Courts online on YOOX United Kingdom - 11337073UJ , Santoni Sneakers - Women Santoni Sneakers online on YOOX United Kingdom - 11360318NMGeox Sneakers - Women Geox Sneakers online on YOOX United Kingdom - 11217003HDAsh Sneakers - Women Ash Sneakers online on YOOX United Kingdom - 11359121MGJoshua*S Sneakers - Women Joshua*S Sneakers online on YOOX United Kingdom - 11343705KW , Prezioso Court - Women Prezioso Courts online on YOOX United Kingdom - 11481793SA2Star Loafers - Women 2Star Loafers online on YOOX United Kingdom - 11240412LM , Ash Sneakers - Women Ash Sneakers online on YOOX United Kingdom - 11221557NGBrawn's Sneakers - Women Brawn's Sneakers online on YOOX United Kingdom - 11410208XBGuess Sandals - Women Guess Sandals online on YOOX United Kingdom - 11336653QT , 2Star Sneakers - Women 2Star Sneakers online on YOOX United Kingdom - 11257718RNAsh Sneakers - Women Ash Sneakers online on YOOX United Kingdom - 11214560JC , Primabase Sneakers - Women Primabase Sneakers online on YOOX United Kingdom - 11474000GJPinko Court - Women Pinko Courts online on YOOX United Kingdom - 11420892BH
Vic Matiē Ankle Boot - Women Vic Matiē Ankle Boots online on YOOX United Kingdom - 11461702NM , Cinzia Araia Open-Toe Mules - Women Cinzia Araia Open-Toe Mules online on YOOX United Kingdom - 11574218HL , Tory Burch Ballet Flats - Women Tory Burch Ballet Flats online on YOOX United Kingdom - 11475706DK , Converse All Star Sneakers - Men Converse All Star Sneakers online on YOOX United Kingdom - 11134960OFMadame Ines Sandals - Women Madame Ines Sandals online on YOOX United Kingdom - 11172139XX , Lilly Pulitzer Brown Tortoise . SandalsNike Af1 Flyknit - Sneakers - Women Nike Sneakers online on YOOX United Kingdom - 11225054ES , ecco BELLA - Classic ankle boots Colour: blackman/woman Baffin Hannah Boots Valuable boutique , HUF DYLAN - Slip-ons - blue stoneLauren Ralph Lauren ELISSA II - T-bar sandalsmens/womens Chinese Laundry Flash Boots Vintage tide shoes , Barleycorn Sneakers - Men Barleycorn Sneakers online on YOOX United Kingdom - 11479167GVDoucal's Loafers - Men Doucal's Loafers online on YOOX United Kingdom - 11512094IO , Men/Women New Balance 520v3 Sneakers & Athletic New Balance Various latest designsmen's/women's Sperry 7 Seas 3-Eye Boat Sperry Elegant and sturdy set meal , Salomon X ULTRA 3 PRIME - Hiking shoes Colour: crown blue/night sky/spectrum blue , Invicta Sneakers - Women Invicta Sneakers online on YOOX United Kingdom - 11380469IM , Giuseppe Zanotti Boots - Women Giuseppe Zanotti Boots online on YOOX United Kingdom - 11312126WF , Antony Morato Sneakers - Men Antony Morato Sneakers online on YOOX United Kingdom - 11499171QHp93KjKpJ Under Armour UA HOVR® SonicpJq9YYLG Merrell Encore Kassie Buckle Wool , Won highly appreciated and widely trusted at home and abroad Haflinger AT Classic Hardsole , special function Jeffery-West Manero Jodhpura wide variety of goods Ted Baker Hosei , Modern and stylish fashion ASICS Comutora MXComfortiva Alandra The Comfortiva Alandra bootie lends a refined finish to any look.Dunham Shoreline Versatile water travel shoe for everyone from the avid boater to the nautical enthusiast , ladies Burberry . Platforms High quality and economyChristian Louboutin Black Kitten Heel Slingback Sandals

Hogan 26912 Sneakers - Women Hogan Sneakers online online on Kingdom YOOX United Kingdom - 11578847NW 40a208a - tonysbshop.com

Hogan 26912 Sneakers - Women Hogan Sneakers online online on Kingdom YOOX United Kingdom - 11578847NW 40a208a
Previous Next
All Headlines Back to Top
Shoes 2677648
7129845
9109309
9155528
9661809
9709017
11583728
16368807
18405058