Andìa Fora YOOX Sneakers - Women Kingdom Andìa brisbanech-17144 Fora Sneakers online on YOOX United Kingdom - 11512480DV 5f423c9




China Puts off Licenses for U.S. Companies Amid Tariff Battle
  • VOA News
  • Andìa Fora YOOX Sneakers - Women Kingdom Andìa brisbanech-17144 Fora Sneakers online on YOOX United Kingdom - 11512480DV 5f423c9 - tonysbshop.com

    Andìa Fora YOOX Sneakers - Women Kingdom Andìa brisbanech-17144 Fora Sneakers online on YOOX United Kingdom - 11512480DV 5f423c9
Andìa Fora YOOX Sneakers - Women Kingdom Andìa brisbanech-17144 Fora Sneakers online on YOOX United Kingdom - 11512480DV 5f423c9

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.

Andìa Fora YOOX Sneakers - Women Kingdom Andìa brisbanech-17144 Fora Sneakers online on YOOX United Kingdom - 11512480DV 5f423c9 - 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.

Guglielmo Rotta Sandals - Women Guglielmo Rotta Sandals online on YOOX United Kingdom - 11464214UGFederica Milano Sandals - Women Federica Milano Sandals online on YOOX United Kingdom - 11476712VU , Marc Ellis Sandals - Women Marc Ellis Sandals online on YOOX United Kingdom - 11508955BHMy Grey Sneakers - Women My Grey Sneakers online on YOOX United Kingdom - 11509351WD , Sara® Collection Sandals - Women Sara® Collection Sandals online on YOOX United Kingdom - 11501848UNSara® Collection Sandals - Women Sara® Collection Sandals online on YOOX United Kingdom - 11501740MHTory Burch Sneakers - Women Tory Burch Sneakers online on YOOX United Kingdom - 11440367FD , The Seller Sandals - Women The Seller Sandals online on YOOX United Kingdom - 11503160QM , Lena Milos Sandals - Women Lena Milos Sandals online on YOOX United Kingdom - 11525024SIAnnarita N. Sandals - Women Annarita N. Sandals online on YOOX United Kingdom - 11495115UE , Alberto Guardiani Sandals - Women Alberto Guardiani Sandals online on YOOX United Kingdom - 11267738RK , My Cocho Loafers - Women My Cocho Loafers online on YOOX United Kingdom - 11435020VU , Sara® Collection Sandals - Women Sara® Collection Sandals online on YOOX United Kingdom - 11435763VULeather Crown Sneakers - Women Leather Crown Sneakers online on YOOX United Kingdom - 11528158PA , Gaia D'este Loafers - Women Gaia D'este Loafers online on YOOX United Kingdom - 11010829AEAlberto Guardiani Sneakers - Women Alberto Guardiani Sneakers online on YOOX United Kingdom - 11488520RWF.Lli Bruglia Court - Women F.Lli Bruglia Courts online on YOOX United Kingdom - 11517767QLElisabetta Franchi Sneakers - Women Elisabetta Franchi Sneakers online on YOOX United Kingdom - 11401047EJ , Guess Ankle Boot - Women Guess Ankle Boots online on YOOX United Kingdom - 11202861EVLogan Crossing Sneakers - Women Logan Crossing Sneakers online on YOOX United Kingdom - 11503060WLLena Milos Court - Women Lena Milos Courts online on YOOX United Kingdom - 44111413Anna Baiguera Court - Women Anna Baiguera Courts online on YOOX United Kingdom - 11194098BKMy Heels Sneakers - Women My Heels Sneakers online on YOOX United Kingdom - 11500719OWMy Heels Sneakers - Women My Heels Sneakers online on YOOX United Kingdom - 11530394UBManuel Barceló Sneakers - Women Manuel Barceló Sneakers online on YOOX United Kingdom - 11518801UC , The Seller Sandals - Women The Seller Sandals online on YOOX United Kingdom - 11503165BK , Markus Lupfer Sneakers - Women Markus Lupfer Sneakers online on YOOX United Kingdom - 11505006GFMaria Cristina Sandals - Women Maria Cristina Sandals online on YOOX United Kingdom - 11363825BVGianna Meliani Loafers - Women Gianna Meliani Loafers online on YOOX United Kingdom - 11507069MM ,
Officine Creative Italia Loafers - Men Officine Creative Italia Loafers online on YOOX United Kingdom - 11372482EQSam Edelman Penny Leather Riding BootCORINA 6793 THIGH BOOTS FOR WOMEN , SOTOALTO Clove ZAPATO PLANO PARA MUJERCONVERSE 162115 LOW-TOP TRAINERS FOR WOMEN , SapAupSz Betty trainers , white, Coolway , Carson 2 Knit Women's Sneakers | Puma Black-Puma BlackElisabetta Franchi Ballet Flats - Women Elisabetta Franchi Ballet Flats online on YOOX United Kingdom - 11248270DFWOMEN Tory Burch Ivory Cecile Sandals The color is very noticeableJOHN SMITH Corsan W 17i Negro-rosa LOW-TOP TRAINERS FOR WOMENLadies Y-3 White Black Sneakers Sneakers Rich on-time delivery , LADY Vince Black Reed Oxford Platforms Online sales , Ladies Christian Louboutin Glitter Decoltissimo Pumps Good marketmen's/women's BELSTAFF Harlsedon Boot Boots modernNike Performance ZOOM STRIKE 2 - Competition running shoes , mens/womens Charles by Charles David Dare Heels professional designmen's/women's El Naturalista Zumaia N5241T Sandals Easy to use , ASOS DESIGN | ASOS DESIGN Messenger Suede Tassel Loafersmen/women Kenneth Cole Reaction Soft-Ball Loafers Crazy price , Crosskix Sneakers - Men Crosskix Sneakers online on YOOX United Kingdom - 11442347BW , Puma ONE 2 FG - Moulded stud football boots - blackA.Testoni Loafers - Women A.Testoni Loafers online on YOOX United Kingdom - 11074254JO , Puma Sneakers - Women Puma Sneakers online on YOOX United Kingdom - 11495702EU , Laura Biagiotti Boots - Women Laura Biagiotti Boots online on YOOX United Kingdom - 11504491FAMelissa Ankle Boot - Women Melissa Ankle Boots online on YOOX United Kingdom - 11471608QUAquazzura Ankle Boot - Women Aquazzura Ankle Boots online on YOOX United Kingdom - 11469316LK , Clone Rocmoon - Sneakers - Women Clone Sneakers online on YOOX United Kingdom - 11362874IIBeautiful and charming Pikolinos Tarifa 06J-5434 , Vince Telford Lounge in style with the handsome Telford slides from Vinceladies Nike Light Brown/Silver Sneakers Online shop ,

Andìa Fora YOOX Sneakers - Women Kingdom Andìa brisbanech-17144 Fora Sneakers online on YOOX United Kingdom - 11512480DV 5f423c9 - tonysbshop.com

Andìa Fora YOOX Sneakers - Women Kingdom Andìa brisbanech-17144 Fora Sneakers online on YOOX United Kingdom - 11512480DV 5f423c9
Previous Next
All Headlines Back to Top
Shoes 2618418
3242654
3776614
5302376
8958035
12555212
12982448
13161753
17885198