Adidas Puma UNREST IGNITE LIMITLESS 2 UNREST - Trainers LIMITLESS - Adidas black/firecracker bfd2641

China Puts off Licenses for U.S. Companies Amid Tariff Battle
  • VOA News
  • Adidas Puma UNREST IGNITE LIMITLESS 2 UNREST - Trainers LIMITLESS - Adidas black/firecracker bfd2641 -

    Adidas Puma UNREST IGNITE LIMITLESS 2 UNREST - Trainers LIMITLESS - Adidas black/firecracker bfd2641
Adidas Puma UNREST IGNITE LIMITLESS 2 UNREST - Trainers LIMITLESS - Adidas black/firecracker bfd2641

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.

Adidas Puma UNREST IGNITE LIMITLESS 2 UNREST - Trainers LIMITLESS - Adidas black/firecracker bfd2641 -
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.

Adidas Nike Sportswear AIR MAX 90 - Trainers - black , Adidas adidas Originals X_PLR - Trainers - core black/footwear white , Adidas Vero Moda VMASTRID - Ankle boots - dark blue , Adidas Esprit STAR WEDGE - High-top trainers - skin beige , Adidas Tommy Hilfiger METALLIC LIGHT WEIGHT - Slip-ons - pinkAdidas adidas Originals FALCON - Trainers - core black/footwear white , Adidas Puma BREAKER - Trainers - elephant skin/laurel wreath/whisper whiteAdidas adidas Originals GAZELLE - Trainers - ash pearl/footwear whiteAdidas Gabor WIDE FIT - Classic ankle boots - schwarzAdidas Puma MUSE MAIA UP - Trainers - laurel wreathAdidas Nike Sportswear COURT ROYALE - Trainers - white/guava iceAdidas adidas Originals FOREST GROVE - Trainers - conavy/flight whiteAdidas Nike Sportswear M2K TEKNO - Trainers - pink foam/black/phantom/whiteAdidas Kennel + Schmenger LIZ - Classic heels - schwarz , Adidas Lodi EBROGO - Ankle boots - braun boston/topo oro , Adidas adidas Originals PROPHERE - Trainers - clear mint/solar redAdidas Pepe Jeans VERONA NEW SEQUINS - Trainers - blackAdidas Onitsuka Tiger MEXICO 66 - Trainers - coffee/taupe grey , Adidas Reebok Classic CLUB C 85 - Trainers - white/green , Adidas Finery London COLYTON - Classic ankle boots - red , Adidas Asics Tiger GEL VICKKA - Trainers - cream , Adidas Steve Madden SEEME - High heeled sandals - natural , Adidas Reebok Classic CLUB C 85 - Trainers - white/royalAdidas Clarks ORINOCO CLUB - Classic ankle boots - black , Adidas Nike Sportswear CLASSIC CORTEZ - Trainers - muted bronze/white , Adidas Nike Sportswear OUTBURST - Trainers - oil grey/summit white/blackAdidas Lauren Ralph Lauren GINELLE - Ankle boots - tanAdidas Office BRAMBLE - Classic ankle boots - black/gold , Adidas Nike Sportswear M2K TEKNO - Trainers - phantom/summit white
Le Silla Ankle Boot - Women Le Silla Ankle Boots online on YOOX United Kingdom - 11569326BDKhrio' Ankle Boot - Women Khrio' Ankle Boots online on YOOX United Kingdom - 11477625AJ , VIDORRETA 14868l-vidorreta WEDGE-HEEL SANDALS FOR WOMENVikky Mid Fur Women's High Tops | Peacoat-Magenta Haze | PUMA Mids | PUMA United StatesFitFlop BANDA II TOE-THONG SANDALS black , WOMENS Marc Jacobs Black Platforms Different styles and styles , SKECHERS Performance GO GOLF - Elite 2 , Ladies Talbots Black Patent Daphne4 Wedges Negotiate , MISS Belle by Sigerson Morrison Sandals trendy , Puma HEART STREET - Trainers , No Name GINGER - Trainersle coq sportif DEAUVILLE SPORT - Trainers Colour: triple black , mens/womens Peralston Moccasins - rose Schuhe Attractive fashionMassimo Dutti MIT RIEGEL - Moccasins - brown , ONLY SHOES ONLBIBI BUCKLE - Ankle boots Colour: blackmen/women Sam Edelman Florence Flats Selling new productscamel active SCANDINAVIA GTX - Winter boots - dark brownmens/womens Naturalizer Cairo Sneakers & Athletic Naturalizer Various latest designsMen/Women Frye Wright Double Monk Oxfords Cheaper than the price , Brador Flip Flops - Men Brador Flip Flops online on YOOX United Kingdom - 11557127VD , Salvatore Ferragamo Loafers - Men Salvatore Ferragamo Loafers online on YOOX United Kingdom - 11455784MDmen's/women's adidas Cloudfoam Lite Racer Sneakers & Athletic adidas At an affordable priceGeox Sneakers - Women Geox Sneakers online on YOOX United Kingdom - 11453355CU , Chiara Ferragni Sneakers - Women Chiara Ferragni Sneakers online on YOOX United Kingdom - 11554697MJAvril Gau Loafers - Women Avril Gau Loafers online on YOOX United Kingdom - 11544993VDAlaïa Ankle Boot - Women Alaïa Ankle Boots online on YOOX United Kingdom - 11503174SB , Charlotte Olympia Sandals - Women Charlotte Olympia Sandals online on YOOX United Kingdom - 11491636TFCordani Harem Adorn your summer favs with these sweet Harem sandals from CordaniMM6 Maison Martin Margiela White Leather Logo Distressed Low Top Sneakers SneakersLADY Fendi Black and Brown Platforms Carefully selected materials

Adidas Puma UNREST IGNITE LIMITLESS 2 UNREST - Trainers LIMITLESS - Adidas black/firecracker bfd2641 -

  • Copyright © Chosunilbo &
Adidas Puma UNREST IGNITE LIMITLESS 2 UNREST - Trainers LIMITLESS - Adidas black/firecracker bfd2641
Previous Next
All Headlines Back to Top
Shoes 80594